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SENATE 1832117th CongressRead twice and referred to the Committee on Homeland Security and Governmental Affairs.

No Red and Blue Banks Act

Last Action
5/26/2021

Actions

  • 2021-05-26Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
  • 2021-05-26Introduced in Senate

CRS Summary

As of 2021-05-26 (00)

No Red and Blue Banks Act

This bill prohibits the General Services Administration from awarding a contract to a bank or savings association insured by the Federal Deposit Insurance Corporation if the institution avoids doing business with companies based solely on social policy considerations.

Cosponsors (1)

  • Kevin Cramer (R-ND)

Subjects

  • Bank accounts, deposits, capital
  • Public contracts and procurement
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.