Fair Access to Banking Act
U.S. Congress · S401 ·
What the bill says
Introduced 2025-02-04. Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary (plain-language)
Fair Access to Banking Act This bill places restrictions on certain banks, credit unions, and payment card networks if they refuse to do business with a person who complies with the law. Restrictions include prohibiting the use of electronic funds transfer systems and lending programs, termination of an institution's depository insurance, and specified civil penalties. Banks and other specified financial institutions are allowed to deny financial services to a person only if the denial is justified by a documented failure of that person to meet quantitative, impartial, risk-based standards established in advance by the institution. This justification may not be based upon reputational risks to the institution. The bill establishes the right for a person to bring a civil action for a violation of this bill.
Sponsors
- Kevin Cramer (primary)
- John Boozman
- Marsha Blackburn
- John Barrasso
- Jim Banks
- Ted Budd
- Katie Boyd Britt
- Mike Crapo
- Shelley Moore Capito
- John Cornyn
- Bill Cassidy
- Tom Cotton
- Ted Cruz
- John R. Curtis
- Steve Daines
- Joni Ernst
- Deb Fischer
- Lindsey Graham
- Chuck Grassley
- Darline Graham
- Bill Hagerty
- John Hoeven
- Cindy Hyde-Smith
- Josh Hawley
- Jon Husted
- Ron Johnson
- James C. Justice
- John Kennedy
- Cynthia M. Lummis
- James Lankford
- Mitch McConnell
- Jerry Moran
- Markwayne Mullin
- Roger Marshall
- Bernie Moreno
- David McCormick
- Ashley Moody
- James E. Risch
- Pete Ricketts
- Tim Scott
- Dan Sullivan
- Rick Scott
- Eric Schmitt
- Tim Sheehy
- Tommy Tuberville
- Thom Tillis
- Roger F. Wicker
Text versions
- Introduced in Senate — 2025-02-04 — XML
What analysts say
No nonpartisan analysis on file for this measure yet.
What politicians say
No linked claims or utterances yet — no one on record has cited this measure to justify a public argument.
Action History
| Date | Action |
|---|---|
| 2025-02-04 | Introduced in Senate |
| 2025-02-04 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Lobbying on this bill
Showing 25 of 30 bill mentions.
Honesty note: each filer below disclosed lobbying on this bill — that much the filing tells us. But the dollar figure is their total lobbying spend for the whole quarter across all their issues, not the amount spent on this bill, and the filing never says whether they supported or opposed it.
Source: Senate LDA filings.