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HR 987 · in committee · major

Fair Access to Banking Act

What this bill does

  • Banks and payment networks cannot refuse service to lawful customers based on reputation alone.
  • Financial institutions, credit unions, and their customers are affected by new service denial rules.
  • Violators lose deposit insurance and face civil penalties; customers can sue for violations.

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Community Threads

Started by Cosponsor

  1. 01

    How would banks determine whether a customer's reputation risk justifies service denial under this bill's standards?

  2. 02

    What evidence exists that reputation-based debanking currently prevents lawful individuals or businesses from accessing financial services?

  3. 03

    If banks face liability for denied service, how might this affect their ability to manage fraud or money laundering risks?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-KY-6

Andy Barr

Citizen cosponsors

0

In Congress

93/ 435

House Reps cosponsoring

Introduced 2025-02-05

Joining the bill

+ 81 more

Legislative timeline

  1. 2025-02-05 · house · IntroReferral

    Referred to the House Committee on Financial Services.

  2. 2025-02-05 · IntroReferral

    Introduced in House

  3. 2025-02-05 · IntroReferral

    Introduced in House

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