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.
About This Bill
Committee
Latest Action · March 1, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Financial Defense for Industrial Contractors Act of 2023 or the FDIC Act of 2023
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.
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