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

Congressional Summary of S 583

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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Current Status of Bill S 583

Bill S 583 is currently in the status of Bill Introduced since March 1, 2023. Bill S 583 was introduced during Congress 118 and was introduced to the Senate on March 1, 2023. Bill S 583's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 1, 2023

Bipartisan Support of Bill S 583

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 583

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 583

FDIC Act of 2023

Financial Defense for Industrial Contractors Act of 2023

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.