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Fair Access to Banking: Ending Customer Discrimination

This act aims to ensure that banks and other financial institutions do not deny services to lawful businesses and individuals for political or reputational reasons. This means access to bank accounts, loans, or payment cards will depend on actual financial risk, not subjective biases. If a bank denies service without a justified reason, customers will be able to seek legal recourse.
Key points
Banks cannot deny services to lawful businesses and individuals for political or reputational reasons.
Access to financial services must be based on objective risk criteria, not subjective assessments.
Large banks violating these rules may lose access to Federal Reserve lending programs.
Customers unlawfully denied services can sue the bank and seek damages, including treble damages and legal fees.
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Expired
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Additional Information
Print number: 117_S_563
Sponsor: Sen. Cramer, Kevin [R-ND]
Process start date: 2021-03-03
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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

Fair Access to Banking Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_563.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-03.

What are the main provisions?

Key points include:

  • Banks cannot deny services to lawful businesses and individuals for political or reputational reasons.
  • Access to financial services must be based on objective risk criteria, not subjective assessments.
  • Large banks violating these rules may lose access to Federal Reserve lending programs.
  • Customers unlawfully denied services can sue the bank and seek damages, including treble damages and legal fees.
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. Cramer, Kevin [R-ND].

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