FDIC Act

Hozzl · 2022-03-02T16:13:00Z

Explore the details of Senate Bill 3298 FDIC Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

3/2/2022, 4:13 PM

Congressional Summary of S 3298

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.

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Current Status of Bill S 3298

Bill S 3298 is currently in the status of Bill Introduced since February 13, 2020. Bill S 3298 was introduced during Congress 116 and was introduced to the Senate on February 13, 2020. Bill S 3298's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of February 13, 2020

Bipartisan Support of Bill S 3298

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3298

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Bank accounts, deposits, capital

- Banking and financial institutions regulation

- Public contracts and procurement

Alternate Title(s) of Bill S 3298

FDIC Act

Financial Defense for Industrial Contractors Act

A 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.