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Prohibiting Banks from Discriminating Against Companies in Government Contracts

This bill aims to prevent banks from refusing to do business with companies based solely on social policy considerations. It means that government agencies will not be able to award contracts to banks that discriminate against legally operating businesses for ideological reasons. This is intended to ensure fair access to banking services related to government contracts for all companies.
Key points
The government cannot contract with banks that refuse to do business with companies based on social or political views.
The act aims to protect companies from discrimination by banks in the context of government contracts.
Changes only apply to new contracts, not those already in place.
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Expired
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Additional Information
Print number: 117_S_1832
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2021-05-26
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

No Red and Blue Banks Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1832.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-05-26.

What are the main provisions?

Key points include:

  • The government cannot contract with banks that refuse to do business with companies based on social or political views.
  • The act aims to protect companies from discrimination by banks in the context of government contracts.
  • Changes only apply to new contracts, not those already in place.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Kennedy, John [R-LA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Courts and Law