S 563
117th Congress
Senate
Finance and Financial Sector
Banking and financial institutions regulation
Civil actions and liability
Consumer credit
Credit and credit markets
Financial services and investments
Fair Access to Banking Act
Introduced: March 3, 2021
Introduced by:
Cramer, Kevin
Republican
· North Dakota
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 2021
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Mar 3, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 3, 2021
Introduced in Senate
Plain-English 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.
What's happening now
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Committees of jurisdiction
1