SENATE 563117th CongressCommittee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-214.
Fair Access to Banking Act
- Last Action
- 3/18/2021
Actions
- 2021-03-18Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-214.
- 2021-03-03Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2021-03-03Introduced in Senate
CRS Summary
As of 2021-03-03 (00)
Fair Access to Banking Act
This bill restricts certain banks, credit unions, and payment card networks from refusing to do business with a person who is in compliance with the law. Restrictions include prohibiting the use of certain lending programs, initiating the process of terminating an institution's depository insurance, and instituting specified civil penalties.
Cosponsors (20)
- Marsha Blackburn (R-TN)
- Steve Daines (R-MT)
- John Kennedy (R-LA)
- Cynthia Lummis (R-WY)
- Rick Scott (R-FL)
- Thomas Tillis (R-NC)
- Jim Inhofe (R-OK)
- John Hoeven (R-ND)
- Tommy Tuberville (R-AL)
- John Barrasso (R-WY)
- Ted Cruz (R-TX)
- Bill Cassidy (R-LA)
- Shelley Capito (R-WV)
- John Cornyn (R-TX)
- Tom Cotton (R-AR)
- Tim Scott (R-SC)
- Dan Sullivan (R-AK)
- Josh Hawley (R-MO)
- James Lankford (R-OK)
- Mike Braun (R-IN)
Subjects
- Banking and financial institutions regulation
- Civil actions and liability
- Consumer credit
- Credit and credit markets
- Financial services and investments
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.