S 379
119th Congress
Senate
In Committee
No Red and Blue Banks Act
Latest action: Read twice and referred to the Committee on Homeland Security and Governmental Affairs. · Feb 4, 2025
View full text on Congress.gov ↗ Policy area: Finance and Financial Sector
Legislative Summary
No Red and Blue Banks Act This bill prohibits the General Services Administration from awarding a contract to a depository institution insured by the Federal Deposit Insurance Corporation if the institution avoids doing business with companies based solely on social policy considerations.
Source: Congressional Research Service (CRS).
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Cosponsors (1)
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