S 379
No Red and Blue Banks Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the No Red and Blue Banks Act, restricts the General Services Administration (GSA) from awarding contracts to banks insured by the Federal Deposit Insurance Corporation (FDIC) if those banks avoid doing business with companies solely because of their social policies. The bill aims to prevent banks from using social policy considerations as a basis for excluding businesses from contracts with the GSA. It does not apply to contracts already awarded before the bill’s enactment. This legislation seeks to ensure that GSA contracts are awarded based on business merit, not on social or political stances.
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