Fair Access to Banking Act

3/5/2025, 5:23 AM

Summary of Bill HR 987

Bill 119 HR 987 aims to make changes to banking laws in order to prevent financial service providers from denying fair access to financial services. Specifically, the bill seeks to prohibit these providers from utilizing taxpayer-funded discount window lending programs. The discount window lending programs are designed to provide short-term loans to financial institutions in need of liquidity.

By denying fair access to financial services, these providers are essentially discriminating against certain individuals or groups, which can have negative impacts on the overall economy. This bill aims to address this issue by ensuring that all financial service providers are held accountable for their actions and are not able to benefit from taxpayer-funded programs if they engage in discriminatory practices.

Overall, the goal of Bill 119 HR 987 is to promote fairness and equality within the financial services industry and to prevent any form of discrimination that may hinder individuals or groups from accessing the financial services they need.

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Current Status of Bill HR 987

Bill HR 987 is currently in the status of Bill Introduced since February 5, 2025. Bill HR 987 was introduced during Congress 119 and was introduced to the House on February 5, 2025.  Bill HR 987's most recent activity was Referred to the House Committee on Financial Services. as of February 5, 2025

Bipartisan Support of Bill HR 987

Total Number of Sponsors
9
Democrat Sponsors
0
Republican Sponsors
9
Unaffiliated Sponsors
0
Total Number of Cosponsors
160
Democrat Cosponsors
0
Republican Cosponsors
160
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 987

Primary Policy Focus

Alternate Title(s) of Bill HR 987

To amend certain banking laws to prohibit certain financial service providers who deny fair access to financial services from using taxpayer funded discount window lending programs, and for other purposes.To amend certain banking laws to prohibit certain financial service providers who deny fair access to financial services from using taxpayer funded discount window lending programs, and for other purposes.
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Sponsors and Cosponsors of HR 987

Andy Barr
Andy Barr
Kentucky(Republican)
Daniel Meuser
Daniel Meuser
Pennsylvania(Republican)
Pat Harrigan
Pat Harrigan
North Carolina(Independent)
Scott Franklin
Scott Franklin
Florida(Republican)
Clay Higgins
Clay Higgins
Louisiana(Republican)

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