IN THE SENATE OF THE UNITED STATES
April 10, 2019
Mr. Kennedy (for himself and Mr. Cramer) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs
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.
This Act may be cited as the
No Red and Blue Banks Act.
Insured depository institutions
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.
This Act shall not apply to any contract awarded before the date of enactment of this Act.