Financial Defense for Industrial Contractors Act of 2023
- Introduced Mar 1
- Committee Mar 1
- Passed Senate Next
- Passed House Not yet
- To President Not yet
- Law Not yet
Where it stands
In committee, Mar 1, 2023Next: Senate vote
1337d ago Mar 1, 2023: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Final votes
No roll callsNo recorded vote on this bill yet
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Companies lobbying on this bill
1 companyCompanies by sector
Industrials 1
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Votes
No recorded roll-call vote on this bill yet
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No member of Congress traded these companies in the last 90 days
Summary
Financial Defense for Industrial Contractors Act of 2023 or the FDIC Act of 2023
Full summary1 paragraphs
This bill requires the Federal Deposit Insurance Corporation to begin proceedings for terminating the insured status of large depository institutions that deny banking services to federal contractors that otherwise qualify for such services.
Library of Congress summary, Mar 1, 2023
Summary versions
- Introduced in SenateMar 1, 2023
Actions
- SenateIntroduced in SenateMar 1, 2023
- SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.Mar 1, 2023
Bill record
Text versions1
- Introduced in SenateMar 1, 2023PDF: Introduced in Senate
Committees1
- Senate Banking, Housing, and Urban Affairs CommitteeReferred To Mar 1, 2023
Sponsor and cosponsors5 cosponsors
- Sen. Marco Rubio (R-FL)Sponsor, Mar 1, 2023
- Kevin Cramer (R-ND)OriginalJoined Mar 1, 2023
- Marsha Blackburn (R-TN)OriginalJoined Mar 1, 2023
- Rick Scott (R-FL)OriginalJoined Mar 1, 2023
- Ted Cruz (R-TX)OriginalJoined Mar 1, 2023
- Tom Cotton (R-AR)OriginalJoined Mar 1, 2023
Amendments0
No amendments offered
Cost estimates and reports0
No cost estimate or committee report yet
Titles3
Short titles
- Financial Defense for Industrial Contractors Act of 2023Short Title(s) as Introduced
- FDIC Act of 2023Short Title(s) as Introduced
Official titles
- A bill to amend the Federal Deposit Insurance Act to permit the Federal Deposit Insurance Corporation to terminate the insured status of a depository institution that refuses to provide services to certain Federal contractors, and for other purposes.Official Title as Introduced
Subjects1
Policy area
Related bills1
- S. 229 117th, Reintroduction of FDIC Act
Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.