S 563 United States Senate · 117th Congress

Fair Access to Banking Act

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Mar 2021

Committee Review

Floor Vote

President

Introduced Mar 3, 2021 Last action Mar 18, 2021

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

3

Key actions

1

Committee

2

Mar 18, 2021

Upper · Passed

Committee on Banking, Housing, and Urban Affairs. Hearings held.

upper

Mar 3, 2021

Committee

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

upper

Mar 3, 2021

Introduced

Introduced in Senate

upper

1 primary · 33 co-sponsors

Sponsors

Role

Legislator

Party

State

District

Cindy Hyde-Smith

Cynthia M. Lummis

James M. Inhofe