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Bill · HR

H.R. 987 (119th)

Fair Access to Banking Act

Original

referredUnited States· United States Congress· EN

Introduced

5 February 2025

Last action

5 February 2025 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Rep. Barr, Andy [R-KY-6], Rep. Meuser, Daniel [R-PA-9], Rep. Franklin, Scott [R-FL-18], Andrew Clyde, Pat Harrigan, Rep. Arrington, Jodey C. [R-TX-19], Rep. Fitzgerald, Scott [R-WI-5], Rep. Foxx, Virginia [R-NC-5], Rep. Higgins, Clay [R-LA-3], Mike Rogers, Rep. Buchanan, Vern [R-FL-16], Beth Van Duyne, Rep. Weber, Randy K. Sr. [R-TX-14], Rep. Estes, Ron [R-KS-4], Rep. Scott, Austin [R-GA-8], Rep. Finstad, Brad [R-MN-1], Rep. Tenney, Claudia [R-NY-24], Dale Strong, Rep. Self, Keith [R-TX-3], Rep. Yakym, Rudy [R-IN-2], Sam Graves, Scott DesJarlais, Mark Amodei, Adrian Smith, Barry Moore, John Rutherford, Rep. Downing, Troy [R-MT-2], Lauren Boebert, Mike Collins, Rep. Burlison, Eric [R-MO-7], Laurel Lee, Jack Bergman, August Pfluger, Nicholas Langworthy, Rep. Mann, Tracey [R-KS-1], Rep. Latta, Robert E. [R-OH-5], Rep. Carter, Earl L. "Buddy" [R-GA-1], Andy Harris, Rep. Bost, Mike [R-IL-12], Rep. Hudson, Richard [R-NC-9], Jefferson Shreve, Rep. Comer, James [R-KY-1], Rep. Ogles, Andrew [R-TN-5], Rep. Walberg, Tim [R-MI-5], Rep. Gooden, Lance [R-TX-5], Rep. Bean, Aaron [R-FL-4], Rep. Hern, Kevin [R-OK-1], Rep. Cline, Ben [R-VA-6], Roger Williams, Rep. Huizenga, Bill [R-MI-4], Rep. Newhouse, Dan [R-WA-4], Elise Stefanik, Pete Sessions, Rep. Wied, Tony [R-WI-8], Rep. Owens, Burgess [R-UT-4], Rep. Steube, W. Gregory [R-FL-17], Russell Fry, Rep. Donalds, Byron [R-FL-19], William Timmons, Ann Wagner, Mike Haridopolos, Ashley Hinson, Rep. Miller, Carol D. [R-WV-1], John Moolenaar, Rep. Nehls, Troy E. [R-TX-22], Blake Moore, Rep. Crenshaw, Dan [R-TX-2], Diana Harshbarger, Rep. Gill, Brandon [R-TX-26], Rep. Fulcher, Russ [R-ID-1], David Valadao, Rep. Feenstra, Randy [R-IA-4], Carlos Gimenez, Joe Wilson, Gabe Evans, David Rouzer, Tim Burchett, Rep. Biggs, Sheri [R-SC-3], Addison McDowell, Ronny Jackson, Rep. Grothman, Glenn [R-WI-6], Rep. Goldman, Craig [R-TX-12], Rep. McGuire, John [R-VA-5], Rep. Fischbach, Michelle [R-MN-7], Rep. Issa, Darrell [R-CA-48], Abraham Hamadeh, Michael Simpson, Rep. Calvert, Ken [R-CA-41], Rep. Allen, Rick W. [R-GA-12], Brian Jack, David Joyce, Pat Fallon, Julia Letlow, Rep. Taylor, David [R-OH-2], Rep. Patronis, Jimmy [R-FL-1], Rep. Crank, Jeff [R-CO-5], Tom Emmer, Cory Mills, Rep. Cammack, Kat [R-FL-3], Mark Alford, Scott Perry, Rep. Fine, Randy [R-FL-6], Ralph Norman, Rep. Houchin, Erin [R-IN-9], Rep. Webster, Daniel [R-FL-11], Glenn Thompson, Paul Gosar

Subjects

Finance and Financial Sector

Source updated

7 August 2026

Finance and Financial Sector

Official sourceDownload fileView documentsShare

Summary

Fair Access to Banking Act This bill places restrictions on certain banks, credit unions, and payment card networks if they refuse to do business with a person who complies with the law. Restrictions include prohibiting the use of electronic funds transfer systems and lending programs, termination of an institution's depository insurance, and specified civil penalties. Banks and other specified financial institutions are allowed to deny financial services to a person only if the denial is justified by a documented failure of that person to meet quantitative, impartial, risk-based standards established in advance by the institution. This justification may not be based upon reputational risks to the institution. The bill establishes the right for a person to bring a civil action for a violation of this bill.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 5 February 2025

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 5 February 2025

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 5 February 2025

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

Sponsors

Related records

Sources

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