No Red and Blue Banks Act

This bill prohibits the General Services Administration (GSA) from awarding contracts to insured banks (or their affiliates) that avoid doing business with lawful companies solely based on social policy views. It directly affects banks that refuse services to businesses engaged in legal activities due to the bank's social stance. The key provision requires banks to serve all lawful businesses without discrimination based on social policy, ensuring GSA contracts are not denied for this reason. The law does not apply to contracts already awarded before its enactment date.