S 563 · 117th Congress · Finance and Financial Sector

Fair Access to Banking Act

Introduced 2021-03-03· Sponsored by Sen. Cramer, Kevin [R-ND]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Banking, Housing, and Urban Affairs. Hearings held.(2021-03-18)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

20 Republicans
Sen. Blackburn, Marsha [R-TN]TN
Sen. Daines, Steve [R-MT]MT
Sen. Kennedy, John [R-LA]LA
Sen. Lummis, Cynthia M. [R-WY]WY
Sen. Scott, Rick [R-FL]FL
Sen. Tillis, Thomas [R-NC]NC
Sen. Inhofe, James M. [R-OK]OK
Sen. Hoeven, John [R-ND]ND
Sen. Tuberville, Tommy [R-AL]AL
Sen. Barrasso, John [R-WY]WY
Sen. Cruz, Ted [R-TX]TX
Sen. Cassidy, Bill [R-LA]LA
Sen. Capito, Shelley Moore [R-WV]WV
Sen. Cornyn, John [R-TX]TX
Sen. Cotton, Tom [R-AR]AR
Sen. Scott, Tim [R-SC]SC
Sen. Sullivan, Dan [R-AK]AK
Sen. Hawley, Josh [R-MO]MO
Sen. Lankford, James [R-OK]OK
Sen. Braun, Mike [R-IN]IN