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Congressman Scott Tipton

Representing the 3rd District of Colorado

House Passes Tipton Bill Expanding Access to Mobile Banking

January 29, 2018
Press Release

WASHINGTON D.C. – The House of Representatives passed Congressman Scott Tipton’s (CO-03) legislation which would make mobile banking more obtainable for all Americans. The Making Online Banking Initiation Legal and Easy Act of 2017 (H.R. 1457), otherwise known as the MOBILE Act, passed the House with a vote of 397-8.

“In communities where access to a physical bank is limited, mobile banking has become a critical tool for Americans to save money securely, pay their bills on time, and better plan for their future financial needs,” said Tipton. “All families should have the tools they need to achieve financial success and prosperity, no matter where they choose to live. This important bipartisan legislation will expand access to mobile banking and better ensure those living in areas without a physical bank location have access to vital financial services. I look forward to the Senate taking up this important bill soon.”

The MOBILE Act would create a uniform regulatory standard, allowing consumers to authorize their bank to use their personal information on their driver’s license or identification card in order to open a bank account on a mobile device.

Moreover, this bill protects consumer privacy information and upholds state privacy laws by requiring a financial institution to delete all copies of the driver’s license after using them for the allowed purpose.

View Tipton’s floor statement here.

An audio file of his statement can be downloaded here.


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