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S. 1104: No Red and Blue Banks Act

The text of the bill below is as of Apr 10, 2019 (Introduced).


II

116th CONGRESS

1st Session

S. 1104

IN THE SENATE OF THE UNITED STATES

April 10, 2019

(for himself and Mr. Cramer) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs

A BILL

To prohibit the General Services Administration from awarding contracts to certain insured depository institutions that avoid doing business with certain companies that are engaged in lawful commerce based solely on social policy considerations.

1.

Short title

This Act may be cited as the No Red and Blue Banks Act.

2.

Insured depository institutions

(a)

In general

The General Services Administration may not award a contract to an insured depository institution, as defined in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813), or an affiliate of a depository institution if the insured depository institution or affiliate avoids doing business with certain companies that the insured depository institution or affiliate believes are engaged in lawful commerce based solely on social policy considerations.

(b)

Applicability

This Act shall not apply to any contract awarded before the date of enactment of this Act.