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Fair Access to Banking Act

H.R. 2743 Rep. Andy Barr (R-KY-6) In committee
Bill text PDF
  1. Introduced Apr 20
  2. Committee Apr 20
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Apr 20, 2023Next: House vote
1287d ago Apr 20, 2023: Referred to the House Committee on Financial Services.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
2companies, 2 filings
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6trades in the last 90 days
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Summary

Fair Access to Banking Act

Full summary3 paragraphs

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. Banks may also deny services to a person who engaged in rude or harassing conduct toward an employee of the bank.

The bill establishes the right for a person to bring a civil action for a violation of this bill.

Library of Congress summary, Apr 20, 2023

Summary versions
  • Introduced in HouseApr 20, 2023

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.