S.379

The No Red and Blue Banks Act prohibits the General Services Administration from awarding contracts to insured depository institutions that avoid.

The No Red and Blue Banks Act aims to prevent the General Services Administration from awarding contracts to insured depository institutions or their affiliates that decline to engage with certain companies solely due to social policy beliefs. This prohibition does not apply to contracts awarded before the enactment of this Act. The Act seeks to ensure that federal contracts are awarded based on business criteria rather than social policy stances.