Sens. John Kennedy (R-La.) and Kevin Cramer (R-N.D.) today introduced the No Red and Blue Banks Act, which would prohibit the General Services Administration from “awarding contracts to certain insured depository institutions that avoid doing business with certain companies that are engaged in lawful commerce based solely on social policy considerations.” This restriction would only apply to contracts awarded after the bill takes effect.
Financial stability council to focus on regulatory burden, economic security
The Financial Stability Oversight Council will take an expanded view of the term “financial stability” moving forward by examining whether regulation weakens economic growth and what can be done to strengthen the nation’s economic security, Treasury Secretary Scott...
