S. 379

119 S379 IS: No Red and Blue Banks Act
 U.S. Senate
 2025-02-04
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 379  IN THE SENATE OF THE UNITED STATES   February 4, 2025   Mr. Kennedy  (for himself and  Mr. Cramer ) introduced the following bill; which was read twice and referred to the  Committee on Homeland Security and Governmental Affairs    A BILL
To prohibit the General Services Administration from awarding contracts to certain insured depository institutions that avoid doing business with certain companies that are engaged in lawful commerce based solely on social policy considerations.
1.
Short title
This Act may be cited as the   No Red and Blue Banks Act  .
2.
Insured depository institutions
(a)
In general
The General Services Administration may not award a contract to an insured depository institution, as defined in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 ), or an affiliate of a depository institution if the insured depository institution or affiliate avoids doing business with certain companies that the insured depository institution or affiliate believes are engaged in lawful commerce based solely on social policy considerations.
(b)
Applicability
This Act shall not apply to any contract awarded before the date of enactment of this Act.