S. 563IntroducedFINANCE AND FINANCIAL SECTOR
Fair Access to Banking Act
Banking and financial institutions regulation · Civil actions and liability · Consumer credit
Key facts
Introduced: Mar 3, 2021
Chamber: Senate
Cosponsors: 33
Congress: 117th
Latest action · Mar 18, 2021
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-214.
Summary
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.
Summary by Congressional Research Service.
Timeline
- Mar 18, 2021Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-214.
- Mar 3, 2021Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Mar 3, 2021Introduced in Senate
Cosponsors (showing first 30 of 33)
- Sen. Blackburn, Marsha [R-TN] R-TN
- Sen. Daines, Steve [R-MT] R-MT
- Sen. Kennedy, John [R-LA] R-LA
- Sen. Lummis, Cynthia M. [R-WY] R-WY
- Sen. Scott, Rick [R-FL] R-FL
- Sen. Tillis, Thomas [R-NC] R-NC
- Sen. Inhofe, James M. [R-OK] R-OK
- Sen. Hoeven, John [R-ND] R-ND
- Sen. Tuberville, Tommy [R-AL] R-AL
- Sen. Barrasso, John [R-WY] R-WY
- Sen. Cruz, Ted [R-TX] R-TX
- Sen. Cassidy, Bill [R-LA] R-LA
- Sen. Capito, Shelley Moore [R-WV] R-WV
- Sen. Cornyn, John [R-TX] R-TX
- Sen. Cotton, Tom [R-AR] R-AR
- Sen. Scott, Tim [R-SC] R-SC
- Sen. Sullivan, Dan [R-AK] R-AK
- Sen. Hawley, Josh [R-MO] R-MO
- Sen. Lankford, James [R-OK] R-OK
- Sen. Braun, Mike [R-IN] R-IN
- Sen. Risch, James E. [R-ID] R-ID
- Sen. Marshall, Roger [R-KS] R-KS
- Sen. Wicker, Roger F. [R-MS] R-MS
- Sen. Hyde-Smith, Cindy [R-MS] R-MS
- Sen. Crapo, Mike [R-ID] R-ID
- Sen. Fischer, Deb [R-NE] R-NE
- Sen. Moran, Jerry [R-KS] R-KS
- Sen. Ernst, Joni [R-IA] R-IA
- Sen. Shelby, Richard C. [R-AL] R-AL
- Sen. Murkowski, Lisa [R-AK] R-AK
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