S 229
117th Congress
Senate
Finance and Financial Sector
Bank accounts, deposits, capital
Banking and financial institutions regulation
Public contracts and procurement
FDIC Act
Introduced: February 4, 2021
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 4, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 4, 2021
Introduced in Senate
Plain-English summary
Financial Defense for Industrial Contractors Act or the FDIC Act
This bill requires the Federal Deposit Insurance Corporation to begin proceedings for terminating the insured status of large depository institutions that deny banking services to federal contractors that otherwise qualify for such services.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1