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S. 293 118th Congress Senate

Fair Access to Banking Act

Official title: A bill to amend the Federal Reserve Act to prohibit certain financial service providers who deny fair access to financial services from using taxpayer funded d… Show full official titleShow less

Official title: A bill to amend the Federal Reserve Act to prohibit certain financial service providers who deny fair access to financial services from using taxpayer funded discount window lending programs, and for other programs.

Introduced: February 7, 2023 Introduced by: Kevin Cramer Republican · North Dakota See on congress.gov
Finance and Financial Sector
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 7, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 7, 2023
Introduced in Senate
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 Latest action February 7, 2023

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

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 2743 Fair Access to Banking Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

 Cosponsors 33
All 33 Republican 32
R
Barrasso, John
Wyoming · Feb 7, 2023
 R
Blackburn, Marsha
Tennessee · Feb 7, 2023
 R
Boozman, John
Arkansas · Feb 7, 2023
 R
Britt, Katie Boyd
Alabama · Feb 7, 2023
 R
Capito, Shelley Moore
West Virginia · Feb 7, 2023
 R
Cassidy, Bill
Louisiana · Feb 7, 2023
 R
Cornyn, John
Texas · Feb 7, 2023
 R
Cotton, Tom
Arkansas · Feb 7, 2023
 R
Crapo, Mike
Idaho · Feb 7, 2023
 R
Cruz, Ted
Texas · Feb 7, 2023
 R
Daines, Steve
Montana · Feb 7, 2023
 R
Ernst, Joni
Iowa · Feb 7, 2023
 R
Fischer, Deb
Nebraska · Feb 7, 2023
 R
Graham, Lindsey
South Carolina · Feb 7, 2023
 R
Hagerty, Bill
Tennessee · Feb 7, 2023
 R
Hoeven, John
North Dakota · Feb 7, 2023
 R
Hyde-Smith, Cindy
Mississippi · Feb 7, 2023
 R
Johnson, Ron
Wisconsin · Feb 7, 2023
 R
Kennedy, John
Louisiana · Feb 7, 2023
 R
Lankford, James
Oklahoma · Feb 7, 2023
 R
Lummis, Cynthia M.
Wyoming · Feb 7, 2023
 R
Marshall, Roger
Kansas · Feb 7, 2023
 R
Moran, Jerry
Kansas · Feb 7, 2023
Mullin, Markwayne
· Feb 7, 2023
 R
Ricketts, Pete
Nebraska · Feb 7, 2023
 R
Risch, James E.
Idaho · Feb 7, 2023
 R
Schmitt, Eric
Missouri · Feb 7, 2023
 R
Scott, Tim
South Carolina · Feb 7, 2023
 R
Scott, Rick
Florida · Feb 7, 2023
 R
Sullivan, Dan
Alaska · Feb 7, 2023
 R
Tillis, Thomas
North Carolina · Feb 7, 2023
 R
Tuberville, Tommy
Alabama · Feb 7, 2023
 R
Wicker, Roger F.
Mississippi · Feb 7, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 293: Fair Access to Banking Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-293/
MLA
"S. 293: Fair Access to Banking Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-293/.
Bluebook (legal)
S. 293, 118th Cong. (2026), https://openamerica.io/bill/118-S-293/.
Markdown link
[S. 293: Fair Access to Banking Act](https://openamerica.io/bill/118-S-293/)
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