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).

Sponsor
Sen. Kennedy, John [R-LA]
Independent · LA
Cosponsors (1)
Sen. Cramer

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