Search Results for keywords:"fair access to banking act"

Search Results: keywords:"fair access to banking act"

H. R. 987 — To amend certain banking laws to prohibit certain financial service providers who deny fair access to financial services from using taxpayer funded discount window lending programs, and for other purposes.
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February 05, 2025
Status:Introduced in House
Congress:119
Words:2,953
The bill H.R. 987, titled the "Fair Access to Banking Act," aims to change banking laws to prevent banks and financial institutions from denying services to lawful businesses based on subjective reasons, such as political biases. It requires banks with over $50 billion in...
Simple Explanation
The Fair Access to Banking Act is like a rule that says big banks can't refuse to work with companies just because they don't like them, and if they do, they can't borrow money easily. It also lets people go to court if they think they were treated unfairly by a bank.
S. 401 — To amend the Federal Reserve Act to prohibit certain financial service providers who deny fair access to financial services from using taxpayer funded discount window lending programs, and for other purposes.
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February 04, 2025
Status:Introduced in Senate
Congress:119
Words:3,108
S. 401, also known as the “Fair Access to Banking Act,” is a bill aimed at amending the Federal Reserve Act to prevent financial service providers from using government-funded lending programs if they deny fair access to their services for political or subjective reasons. It mandates that...
Simple Explanation
The "Fair Access to Banking Act" is a rule that says big banks and financial companies can't use government money if they unfairly refuse to help people with their banking needs, and they must explain why they won't provide their services if asked.

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