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No Red and Blue Banks Act

Bill Number
S. 379
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Finance and Financial Sector
Status
Introduced
Latest Action
2025-02-04: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Last Updated
2025-07-25T18:38:25Z

Official Summary

No Red and Blue Banks Act

This bill prohibits the General Services Administration from awarding a contract to a depository institution insured by the Federal Deposit Insurance Corporation if the institution avoids doing business with companies based solely on social policy considerations.

Sponsor

Sen. Kennedy, John [R-LA]

Cosponsors (1)

Sen. Cramer, Kevin [R-ND]

Recent Actions

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