Summary: S.229 — 117th Congress (2021-2022)All Information (Except Text)

There is one summary for S.229. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (02/04/2021)

Financial Defense for Industrial Contractors Act or the FDIC Act

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.