Safe Access to Cash Act of 2025

Overview: HR 1631, the Safe Access to Cash Act of 2025, was introduced in the House on February 26, 2025.

Purpose and Intent: The bill aims to ensure that all Americans have access to cash and physical banking services, particularly in underserved communities. It seeks to address the growing trend of bank branch closures and the disproportionate impact on low-income and minority populations.

Key Provisions:
- Requires banks with over $10 billion in assets to maintain a minimum number of physical branch locations based on population size and demographics
- Mandates that banks provide free ATM access within a reasonable distance of all communities
- Establishes a grant program to support the operation of community banks and credit unions in underserved areas

Affected Parties and Impacts: The bill would primarily impact large national banks, which would be required to maintain a physical presence in more communities. Consumers in underserved areas would benefit from improved access to cash, banking services, and financial inclusion.

Procedural and Timeline Considerations: The Safe Access to Cash Act of 2025 has been introduced in the House and is currently awaiting committee assignment and further legislative action.