No Red and Blue Banks Act

Senate Bill

S. 379

119th Congress

No Red and Blue Banks Act

In Committee

Introduced:Feb 4, 2025

Primary Sponsor

John Kennedy

R - LA

Cosponsors

1

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill prohibits banks from discriminating against customers or businesses based on political affiliation or social policy positions. It prevents financial institutions from denying services solely because of a customers political views, ensuring access to banking regardless of partisan alignment.

Latest Action

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

AI Summary

Plain-English explanation of this bill

This bill prohibits banks from discriminating against customers or businesses based on political affiliation or social policy positions. It prevents financial institutions from denying services solely because of a customers political views, ensuring access to banking regardless of partisan alignment.

Last updated: 1/5/2026

Official Summary

Congressional Research Service summary

No Red and Blue Banks ActThis bill prohibits the General Services Administration from awarding a contract to a depository institution insured by the Federal Deposit Insurance Corporation if the institution avoids doing business with companies based solely on social policy considerations.

Key Points

Main provisions of the bill

Prohibits banks from political discrimination against customers
Prevents denial of services based on social policy positions
Ensures banking access regardless of political views
Applies to FDIC-insured institutions
Addresses concerns about political debanking

How This Impacts Americans

Potential effects on citizens and communities

Businesses and individuals would be protected from losing banking services due to political views. Banks would face restrictions on considering political factors in service decisions. Industries facing political pressure from banks could maintain financial access.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

379, 119th Congress (2025). "No Red and Blue Banks Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-379