FDIC Act of 2023

Hozzl · 2024-02-16T15:28:31Z

Explore the details of Senate Bill 583 FDIC Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

2/16/2024, 3:28 PM

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.

Congress

118

Number

S - 583

Introduced on

2023-03-01

# Amendments

Variations and Revisions

3/1/2023

Text

PDF

XML

Status of Legislation

Bill Introduced

Introduced to House

House to Vote

Introduced to Senate

Senate to Vote

Purpose and Summary

Financial Defense for Industrial Contractors Act of 2023 or the FDIC Act of 2023

Alternative Names

Official Title as IntroducedA 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.

Policy Areas

Finance and Financial Sector

Comments

Recent Activity

Latest Summary5/23/2023

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 t...

Latest Action3/1/2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.