Senate Bill 563
117th Congress(2021-2022)
Fair Access to Banking Act
Introduced
Introduced in Senate on Mar 3, 2021
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
563
Congress
117
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No Senate votes have been held for this bill.
Summary
Fair Access to Banking Act
This bill restricts certain banks, credit unions, and payment card networks from refusing to do business with a person who is in compliance with the law. Restrictions include prohibiting the use of certain lending programs, initiating the process of terminating an institution's depository insurance, and instituting specified civil penalties.
March 3, 2021
Sort by most recent
03/18/2021
Committee on Banking, Housing, and Urban Affairs. Hearings held.
03/03/2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
03/03/2021
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:47:49 PM