United States 119th Congress Status: In Committee 46 R cosponsors

S 401 — Fair Access to Banking Act

Last action — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced February 04, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 26% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 46 sponsors

    1 primary, 45 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (46 R).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

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.

Bill Text

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sponsorship breakdown

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1 sponsors · 45 co-sponsors · 501 not signed on

Sponsors (1)

Co-sponsors (45)

Not signed on (501)

501 members have not signed on to this bill.

Show all 501 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance civil-rights
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 401 do?
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.
Who sponsors S 401?
S 401 is sponsored by Cramer, Kevin (Republican), Banks, Jim (Republican), Barrasso, John (Republican), Blackburn, Marsha (Republican), Boozman, John (Republican), Britt, Katie Boyd (Republican), Budd, Ted (Republican), Capito, Shelley Moore (Republican), Cassidy, Bill (Republican), Cornyn, John (Republican), Cotton, Tom (Republican), Crapo, Mike (Republican), Cruz, Ted (Republican), Curtis, John R. (Republican), Daines, Steve (Republican), Ernst, Joni (Republican), Fischer, Deb (Republican), Graham, Lindsey (Republican), Hagerty, Bill (Republican), Hoeven, John (Republican), Hyde-Smith, Cindy (Republican), Johnson, Ron (Republican), Justice, James C. (Republican), Kennedy, John (Republican), Lankford, James (Republican), Lummis, Cynthia M. (Republican), Marshall, Roger (Republican), McCormick, David (Republican), Moran, Jerry (Republican), Moreno, Bernie (Republican), Mullin, Markwayne (Republican), Ricketts, Pete (Republican), Risch, James E. (Republican), Schmitt, Eric (Republican), Scott, Rick (Republican), Scott, Tim (Republican), Sheehy, Tim (Republican), Sullivan, Dan (Republican), Tillis, Thomas (Republican), Tuberville, Tommy (Republican), Wicker, Roger F. (Republican), Moody, Ashley (Republican), Husted, Jon (Republican), Hawley, Josh (Republican), Grassley, Chuck (Republican), and McConnell, Mitch (Republican).
What is the current status of S 401?
This bill is in committee in the Senate. Introduced February 04, 2025. It must pass committee before a floor vote.
Where can I track S 401?
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