No Red and Blue Banks Act

II 117TH CONGRESS 1ST SESSION S. 1832 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 MAY 26, 2021 Mr. KENNEDY (for himself and Mr. CRAMER) introduced the following bill; which was read twice and referred to the Committee on Homeland Secu- rity and Governmental Affairs A BILL To prohibit the General Services Administration from award- ing 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 Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘No Red and Blue 4 Banks Act’’. 5 VerDate Sep 11 2014 03:53 Jun 11, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1832.IS S1832 kjohnson on DSK79L0C42PROD with BILLS 2 •S 1832 IS SEC. 2. INSURED DEPOSITORY INSTITUTIONS. 1 (a) IN GENERAL.—The General Services Administra- 2 tion may not award a contract to an insured depository 3 institution, as defined in section 3 of the Federal Deposit 4 Insurance Act (12 U.S.C. 1813), or an affiliate of a depos- 5 itory institution if the insured depository institution or af- 6 filiate avoids doing business with certain companies that 7 the insured depository institution or affiliate believes are 8 engaged in lawful commerce based solely on social policy 9 considerations. 10 (b) APPLICABILITY.—This Act shall not apply to any 11 contract awarded before the date of enactment of this Act. 12 Æ VerDate Sep 11 2014 03:53 Jun 11, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S1832.IS S1832 kjohnson on DSK79L0C42PROD with BILLS