A bill to amend the Federal Deposit Insurance Act to permit the Federal Deposit Insurance Corporation to terminate the insured status of a depository institution that refuses to provide services to certain Federal contractors, and for other purposes.
Financial Defense for Industrial Contractors Act or the FDIC Act
This bill requires the Federal Deposit Insurance Corporation to begin proceedings for terminating the insured status of large depository institutions that deny banking services to federal contractors that otherwise qualify for such services.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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