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.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Bank accounts, deposits, capitalBanking and financial institutions regulationPublic contracts and procurement
FDIC Act
USA117th CongressS-229| Senate
| Updated: 2/4/2021
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.