No Red and Blue Banks Act

Bill: 115-s-3539
Sponsor: full_name: Sen. Kennedy, John [R-LA]
Introduced: 2018-10-02
Policy area: Government Operations and Politics
Subjects: Bank accounts, deposits, capital

Public contracts and procurement
Latest action: action_date: 2018-10-02
text: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Summaries:
action_date: 2018-10-02
action_desc: Introduced in Senate
text: <p><b>No Red and Blue Banks Act</b></p> <p>This bill prohibits the General Services Administration from awarding a contract to an insured depository institution or affiliate if the institution or affiliate avoids doing business with certain companies that it believes are engaged in lawful commerce based solely on social policy considerations.</p>

tv_txt: II 115th CONGRESS 2d Session S. 3539 IN THE SENATE OF THE UNITED STATES October 2 (legislative day, September 28), 2018 Mr. Kennedy introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs A BILL To prohibit the General Services Administration from awarding contracts to certain insured depository institutions that avoid doing business with certain companies that are engaged in lawful commerce based solely on social policy considerations.

1. Short title This Act may be cited as the No Red and Blue Banks Act . 2. Insured depository institutions (a) In general The General Services Administration may not award a contract to an insured depository institution, as defined in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 ), or an affiliate of a depository institution if the insured depository institution or affiliate avoids doing business with certain companies that the insured depository institution or affiliate believes are engaged in lawful commerce based solely on social policy considerations. (b) Applicability This Act shall not apply to any contract awarded before the date of enactment of this Act.