Fair Access to Banking Act

referredUnited States· United States Congress· EN

Introduced

4 February 2025

Last action

4 February 2025 · Introduced

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sen. Cramer, Kevin [R-ND], Sen. Banks, Jim [R-IN], Sen. Barrasso, John [R-WY], Sen. Blackburn, Marsha [R-TN], Sen. Boozman, John [R-AR], Sen. Britt, Katie Boyd [R-AL], Sen. Budd, Ted [R-NC], Sen. Capito, Shelley Moore [R-WV], Sen. Cassidy, Bill [R-LA], Sen. Cornyn, John [R-TX], Sen. Cotton, Tom [R-AR], Sen. Crapo, Mike [R-ID], Sen. Cruz, Ted [R-TX], Sen. Curtis, John R. [R-UT], Sen. Daines, Steve [R-MT], Sen. Ernst, Joni [R-IA], Sen. Fischer, Deb [R-NE], Sen. Graham, Lindsey [R-SC], Sen. Hagerty, Bill [R-TN], Sen. Hoeven, John [R-ND], Sen. Hyde-Smith, Cindy [R-MS], Sen. Johnson, Ron [R-WI], Sen. Justice, James C. [R-WV], Sen. Kennedy, John [R-LA], Sen. Lankford, James [R-OK], Sen. Lummis, Cynthia M. [R-WY], Sen. Marshall, Roger [R-KS], Sen. McCormick, David [R-PA], Sen. Moran, Jerry [R-KS], Sen. Moreno, Bernie [R-OH], Sen. Mullin, Markwayne [R-OK], Sen. Ricketts, Pete [R-NE], Sen. Risch, James E. [R-ID], Sen. Schmitt, Eric [R-MO], Sen. Scott, Rick [R-FL], Sen. Scott, Tim [R-SC], Sen. Sheehy, Tim [R-MT], Sen. Sullivan, Dan [R-AK], Sen. Tillis, Thomas [R-NC], Sen. Tuberville, Tommy [R-AL], Sen. Wicker, Roger F. [R-MS], Sen. Moody, Ashley [R-FL], Sen. Husted, Jon [R-OH], Sen. Hawley, Josh [R-MO], Sen. Grassley, Chuck [R-IA], Sen. McConnell, Mitch [R-KY], Sen. Graham, Darline [R-SC]

Subjects

Discovery layer

Source updated

28 July 2026

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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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

4 February 2025
Introduced
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
4 February 2025
Introduced
Introduced in Senate
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 Senate

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Introduced in Senate
Introduced in Senate · EN · 4 February 2025
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Introduced in Senate
summary · EN · 4 February 2025
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to ← Fair Access to Banking Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/119th-congress/senate-bill/401
Open data entity: https://api.congress.gov/v3/bill/119/s/401
us · 119-s-401 · source updated 28 July 2026