117 HR 4304 IH: No Red and Blue Banks Act U.S. House of Representatives 2021-07-01 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.

I117th CONGRESS1st SessionH. R. 4304IN THE HOUSE OF REPRESENTATIVESJuly 1, 2021Mr. Budd introduced the following bill; which was referred to the Committee on Oversight and ReformA BILLTo prohibit the General Services Administration from awarding contracts to certain insured depository institutions that avoid doing business with certain companies that are engaged in lawful commerce based solely on social policy considerations.

1.

Short title

This Act may be cited as the No Red and Blue Banks Act.

2.

Insured depository institutions

(a)

In general

The General Services Administration may not award a contract to an insured depository institution, as defined in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813), or an affiliate of a depository institution if the insured depository institution or affiliate avoids doing business with certain companies that the insured depository institution or affiliate believes are engaged in lawful commerce based solely on social policy considerations.(b)

Applicability

This Act shall not apply to any contract awarded before the date of enactment of this Act.