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Ending Political Influence on Banks: Equal Access for All Businesses.

This new law aims to ensure that federal banks do not deny services to legal businesses and citizens due to negative public opinion or political pressure. This means access to financial services will be based solely on financial soundness, not subjective reputational assessments. As a result, every legal business and citizen should have equal opportunities to obtain banking services, regardless of political views.
Key points
Federal banking agencies can no longer deny services based on "reputational risk" or negative public opinion.
All federally legal businesses and law-abiding citizens should have equal access to financial services, free from political discrimination.
Banking supervision will focus solely on financial safety and soundness, eliminating subjective reputational assessments.
article Official text account_balance Process page
Placed on Calendar
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2702
Sponsor: Rep. Barr, Andy [R-KY-6]
Process start date: 2025-04-08
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

FIRM Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2702.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-04-08.

What are the main provisions?

Key points include:

  • Federal banking agencies can no longer deny services based on "reputational risk" or negative public opinion.
  • All federally legal businesses and law-abiding citizens should have equal access to financial services, free from political discrimination.
  • Banking supervision will focus solely on financial safety and soundness, eliminating subjective reputational assessments.
What is the specific legal status?

The current status is Placed on Calendar.

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 Rep. Barr, Andy [R-KY-6].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 131.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy Courts and Law