No Red and Blue Banks Act
Sponsored By: Senator Kennedy, John [R-LA]
Introduced
Summary
Would bar the GSA from contracting with FDIC‑insured banks that refuse to do business with companies for social‑policy reasons. It would apply to insured depository institutions and their affiliates and would not affect contracts awarded before enactment.
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- Federal procurement officials: For future GSA contracts, the agency would be prohibited from awarding a contract to an FDIC‑insured depository institution or its affiliate if that institution avoids doing business with certain companies solely for social‑policy reasons.
- FDIC‑insured banks and affiliates: Banks that decline relationships with companies for social‑policy reasons could be disqualified from winning new GSA contracts.
- Companies targeted by boycotts: Firms believed to be engaged in lawful commerce would not serve as a permissible reason for the GSA to deny a bank a contract.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Ban on federal contracts for boycotting banks
This bill would stop the federal government from giving new GSA contracts to banks or their affiliates that refuse to do business with companies only for social-policy reasons. It would apply to "insured depository institutions" as defined in federal law. The rule would only affect contracts awarded after the bill's enactment and would not change contracts given before that date.
Sponsors & CoSponsors
Sponsor
Kennedy, John [R-LA]
LA • R
Cosponsors
Sen. Cramer, Kevin [R-ND]
ND • R
Sponsored 2/4/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov