3.0.0 245 2025-01-14T18:20:21Z 2025-01-14T18:20:21Z Senate S S 2023-02-02 118 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred To 2023-02-02T17:43:32Z 2023-02-02 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2023-02-02 Introduced in Senate IntroReferral 10000 9 Library of Congress C001098 Sen. Cruz, Ted [R-TX] Ted Cruz R TX N C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2023-02-02 True C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2023-02-02 True Finance and Financial Sector Finance and Financial Sector 2023-03-10T17:30:25Z

00 2023-02-02 Introduced in Senate 2023-04-04T18:27:35Z <p><strong>Financial Institution Customer Protection Act of </strong><b>2023</b></p> <p>This bill specifies that a&nbsp;federal banking agency may not request or order a depository institution to terminate a customer account unless (1) the agency has a valid reason for doing so, and (2) that reason is not based solely on reputation risk.</p> <p>Valid reasons for terminating an account include threats to national security and involvement in terrorist financing, including state sponsorship of terrorism.</p> <p>A federal banking agency requesting a termination must provide the depository institution with notification and justification. </p> <p>The bill also sets forth additional requirements for the Department of Justice when seeking subpoenas, summoning witnesses, or compelling document production in the course of conducting a civil investigation in contemplation of a civil proceeding involving certain banking laws.</p>

Display Title 45 2024-07-24T15:23:57Z Short Title(s) as Introduced 101 2024-05-24T13:42:45Z Introduced in Senate IS Official Title as Introduced 6 2023-02-16T12:48:17Z Introduced in Senate IS Introduced in Senate 2023-02-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s245is/xml/BILLS-118s245is.xml 2023-02-02 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.