,,ii  #aafth ,,congress  #b;d ,session  
,s4 #cbih  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,february #ac1 
#bjbj,mr4 ,rubio 7for himself1 ,mr4     
,cramer1 ,mr4 ,cotton1 and ,mrs4        
,blackburn7 introduced the following    
bill2 which was read twice and referred 
to the ,committee on ,banking1 ,housing1
 and ,urban ,affairs  ,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            
contractors1 and for other purposes4    
#a4 ,short title ,this ,act may be cited
 as the ,financial ,defense for         
,industrial ,contractors ,act or the    
,,fdic ,act4  #b4 ,termination of       
insurance  ,section #h of the ,federal  
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahah7 is amended-- 7#a7 in subsection  
7a77#c71 by inserting or 7x7 after      
subsection 7w72 and  7#b7 by adding at  

the end the following3  7x7 ,termination
 of insurance relating to denial of     
services to ,federal contractors  7#a7  
,definitions ,in this subsection-- 7,a7 
the term contractor means an entity     
that-- 7i7 is a party to a contract with
 the ,federal ,government2  7ii7 has    
complied with all applicable laws and   
regulations in fulfilling the           
responsibilities of the entity with     
respect to the contract described in    
clause 7i72 and  7iii7 satisfies        
traditional underwriting and credit     
standards with respect to the banking   
service sought by the entity under      
paragraph 7#b72 and  7,b7 the term      
covered institution means an insured    
depository institution that has more    
than #ej1jjj1jjj1jjj in total           
consolidated assets4  7#b7 ,notice of   
termination2 pretermination hearing ,if 
a covered institution refuses to provide
 a banking service sought by a          
contractor1 the ,board of ,directors    
shall-- 7,a7 issue to the insured       

depository institution a notice of its  
intention to terminate the insured      
status of the insured depository        
institution2 and  7,b7 schedule a       
hearing on the matter1 which shall be   
conducted in all respects as a          
termination hearing pursuant to         
paragraphs 7#c7 through 7#e7 of         
subsection 7a74  7#c7 ,temporary        
insurance of previously insured deposits
 ,upon termination of the insured status
 of any depository institution pursuant 
to paragraph 7#b71 the deposits of such 
depository institution shall be treated 
in accordance with subsection 7a77#g74  
4