Prohibiting Banks from Discriminating Against Companies in Government Contracts
This bill aims to prevent government-insured banks from refusing to do business with companies based solely on social policy considerations. It means financial institutions cannot deny services to legally operating businesses for ideological reasons if they wish to secure contracts with government agencies. In practice, this could affect the availability of banking services for certain companies and ensure more equal treatment in business.
Key points
Government agencies cannot award contracts to banks that refuse to do business with companies based on social policy.
The act aims to ensure banks do not discriminate against legally operating businesses based on social considerations.
These changes only apply to new contracts, not those awarded before the act's enactment.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.