Bill · S. 379· Senate(119-S-379)
No Red and Blue Banks Act
- Introduced
- 2/4/2025
- Last activity
- 2/4/2025 — Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- Sponsored by
- John Kennedy
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
This bill, titled the ``No Red and Blue Banks Act'', aims to restrict how the General Services Administration awards contracts. It prohibits the agency from awarding contracts to certain insured depository institutions or their affiliates. This restriction applies if those institutions avoid doing business with specific companies engaged in lawful commerce based solely on social policy considerations. The bill was introduced by Mr. Kennedy and Mr. Cramer. It does not apply to any contracts awarded before the date the act is enacted.
Yes· 3 of 4
Would business owners be better off under this?+3
The bill protects business owners from losing access to banking services or facing de-banking based on social policy views.
Does this make it easier to run a small business?+2
The bill protects companies engaged in lawful commerce from being avoided by financial institutions due to social policy considerations.
Does this make what the government does easier for the public to see?+1
The bill establishes specific criteria for which financial institutions are eligible for government contracts.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Protection of Business Practices: The bill prevents the General Services Administration from awarding contracts to institutions that avoid certain companies based solely on social policy considerations (Section 2, subsection a). This could benefit companies engaged in lawful commerce that might otherwise be avoided by depository institutions.
Potential Negative Impacts for People
- Restrictions on Government Contracting: The General Services Administration would be prohibited from awarding contracts to certain insured depository institutions or their affiliates if they avoid doing business with certain companies based on social policy considerations (Section 2, subsection a). This could impact the ability of such institutions to secure government contracts.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+3
- Economy And Finance
- Improves Small Business Support+2
- Governance And Ideology
- Improves Government Transparency+1
- Social Issues And Justice
- Improves Gender Equality+1
- 2/4/2025
- Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- 1 Cosponsor added.
- Introduced in Senate
Kevin CramerRepublican · North Dakota