Fair Access to Banking Act

Summary

Fair Access to Banking Act This bill places restrictions on certain banks, credit unions, and payment card networks if they refuse to do business with a person who complies with the law. Restrictions include prohibiting the use of electronic funds transfer systems and lending programs, termination of an institution's depository insurance, and specified civil penalties. Banks and other specified financial institutions are allowed to deny financial services to a person only if the denial is justified by a documented failure of that person to meet quantitative, impartial, risk-based standards established in advance by the institution. This justification may not be based upon reputational risks to the institution. The bill establishes the right for a person to bring a civil action for a violation of this bill.

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Timeline

1. 5 February 2025

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 5 February 2025

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 February 2025

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Introduced in House

  Introduced in House · EN · 5 February 2025

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 5 February 2025

  Open at official source

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Sponsors

• Rep. Barr, Andy [R-KY-6] · R · Sponsor
• Rep. Meuser, Daniel [R-PA-9] · R · Sponsor
• Rep. Franklin, Scott [R-FL-18] · R · Sponsor
• Rep. Clyde, Andrew S. [R-GA-9] · R · Sponsor
• Rep. Harrigan, Pat [R-NC-10] · R · Sponsor
• Rep. Arrington, Jodey C. [R-TX-19] · R · Cosponsor
• Rep. Fitzgerald, Scott [R-WI-5] · R · Cosponsor
• Rep. Foxx, Virginia [R-NC-5] · R · Cosponsor
• Rep. Higgins, Clay [R-LA-3] · R · Cosponsor
• Rep. Rogers, Mike D. [R-AL-3] · R · Cosponsor
• Rep. Buchanan, Vern [R-FL-16] · R · Cosponsor
• Rep. Van Duyne, Beth [R-TX-24] · R · Cosponsor
• Rep. Weber, Randy K. Sr. [R-TX-14] · R · Cosponsor
• Rep. Estes, Ron [R-KS-4] · R · Cosponsor
• Rep. Scott, Austin [R-GA-8] · R · Cosponsor
• Rep. Finstad, Brad [R-MN-1] · R · Cosponsor
• Rep. Tenney, Claudia [R-NY-24] · R · Cosponsor
• Rep. Strong, Dale W. [R-AL-5] · R · Cosponsor
• Rep. Self, Keith [R-TX-3] · R · Cosponsor
• Rep. Yakym, Rudy [R-IN-2] · R · Cosponsor
• Rep. Graves, Sam [R-MO-6] · R · Cosponsor
• Rep. DesJarlais, Scott [R-TN-4] · R · Cosponsor
• Rep. Amodei, Mark E. [R-NV-2] · R · Cosponsor
• Rep. Smith, Adrian [R-NE-3] · R · Cosponsor
• Rep. Moore, Barry [R-AL-1] · R · Cosponsor
• Rep. Rutherford, John H. [R-FL-5] · R · Cosponsor
• Rep. Downing, Troy [R-MT-2] · R · Cosponsor
• Rep. Boebert, Lauren [R-CO-4] · R · Cosponsor
• Rep. Collins, Mike [R-GA-10] · R · Cosponsor
• Rep. Burlison, Eric [R-MO-7] · R · Cosponsor
• Rep. Lee, Laurel M. [R-FL-15] · R · Cosponsor
• Rep. Bergman, Jack [R-MI-1] · R · Cosponsor
• Rep. Pfluger, August [R-TX-11] · R · Cosponsor
• Rep. Langworthy, Nicholas A. [R-NY-23] · R · Cosponsor
• Rep. Mann, Tracey [R-KS-1] · R · Cosponsor
• Rep. Latta, Robert E. [R-OH-5] · R · Cosponsor
• Rep. Carter, Earl L. "Buddy" [R-GA-1] · R · Cosponsor
• Rep. Harris, Andy [R-MD-1] · R · Cosponsor
• Rep. Bost, Mike [R-IL-12] · R · Cosponsor
• Rep. Hudson, Richard [R-NC-8] · R · Cosponsor
• Rep. Shreve, Jefferson [R-IN-6] · R · Cosponsor
• Rep. Comer, James [R-KY-1] · R · Cosponsor
• Rep. Ogles, Andrew [R-TN-5] · R · Cosponsor
• Rep. Walberg, Tim [R-MI-5] · R · Cosponsor
• Rep. Gooden, Lance [R-TX-5] · R · Cosponsor
• Rep. Bean, Aaron [R-FL-4] · R · Cosponsor
• Rep. Hern, Kevin [R-OK-1] · R · Cosponsor
• Rep. Cline, Ben [R-VA-6] · R · Cosponsor

Showing 48 of 108 sponsors and actors.

Related records

• related to → Fair Access to Banking Act