Original Open for Business Act of 2023

HR 5214, the Original Open for Business Act of 2023, requires banks and credit unions with physical branches offering in-person services to extend their operating hours. Specifically, branches must stay open until 7 p.m. on weekdays (Monday-Friday) and provide at least 4 hours of service on Saturdays, starting 180 days after the bill becomes law. This applies to all branch locations meeting the definition of a "depository institution" under federal banking law. The bill does not apply on federal holidays and mandates these specific hours for all qualifying branches.