Bills · S 379
IN COMMITTEE· 119TH CONGRESS
Senate BillS 379Finance and Financial Sector
No Red and Blue Banks Act
INTRO FEB 4· LAST ACTION FEB 4
READING
1MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it addresses concerns about banks making business decisions based on social or political viewpoints, rather than purely financial or legal ones. If it becomes law, banks that want to work with the federal government would be pressured to provide services to all lawful businesses, regardless of differing social stances. This could mean more access to financial services for industries or companies that banks might currently avoid due to social policy issues like environmental concerns or certain product sales.
Without this bill, banks could continue to factor social policies into their lending and service decisions, potentially limiting options for some businesses and shaping the market in ways influenced by those social stances. If it passes, the GSA would need to add this new criterion to its contracting process, which could influence banking practices across the board for institutions seeking government work.
KEY PROVISIONS
3AI-extractedPROVISION 01
Prohibits the General Services Administration (GSA) from awarding new contracts to insured depository institutions (banks) or their affiliates.
This is the core action of the bill, using government contracts as leverage to influence bank behavior.
PROVISION 02
The prohibition applies if a bank avoids doing business with certain companies that are engaged in lawful commerce based solely on social policy considerations.
This defines the specific condition that triggers the ban, targeting situations where social views, not business reasons, dictate a bank's actions.
PROVISION 03
The bill's rules apply only to contracts awarded after its effective date.
This ensures that existing government contracts with banks are not retroactively affected, providing clarity and a defined start date for the new policy.
SPONSORSHIP
1 + 1
R· Louisiana
YRS IN OFFICE
9
BILLS LED
84
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 1 IND 0
ACTION TIMELINE
2 EVENTSFEB 4
Introduced in Senate
FEB 4
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
BILL INFO
TypeSenate Bill
NumberS 379
Congress119th
StatusIn Committee
IntroducedFeb 4, 2025
Last actionFeb 4, 2025
READER REACTIONS
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IN COMMITTEE· 119TH CONGRESS · HOMELAND SECURITY AND GOVERNMENTAL AFFAIRS COMMITTEE · INTRODUCED FEB 4, 2025
Senate BillS 379Finance and Financial Sector
No Red and Blue Banks Act
INTRODUCED FEB 4, 2025· LAST ACTION FEB 4, 2025
PASSAGE CHANCES
—%
READING
1 min
COSPONSORS
1
COMPLEXITY
Moderate
