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S. 3539 - No Red and Blue Banks Act

Sponsor: John Kennedy (R)
Introduced: 2018-10-02
Bill Status: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
 
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Full Text


115th CONGRESS
2d Session
S. 3539


    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.


IN THE SENATE OF THE UNITED STATES

October 2 (legislative day, September 28), 2018

    Mr. Kennedy 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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

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

SEC. 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.


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