,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #ihg  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,febru>y #e1 #bjbe,mr4
 ,b>r 7= himself1 ,mr4 ,meus]1 ,mr4     
,scott ,frankl9 ( ,florida1 ,mr4 ,clyde1
 & ,mr4 ,h>rigan7 introduc$ ! foll[+    
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,a ,,bill  ,to am5d 
c]ta9 bank+ laws to prohibit c]ta9      
f9ancial s]vice provid]s :o d5y fair    
access to f9ancial s]vices f us+ taxpay]
 fund$ disc\nt w9d[ l5d+ programs1 & =  
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,fair ,access to ,bank+
 ,act4  #b4 ,f9d+s ,congress f9ds t--   
7#a7 article ,i ( ! ,con/itution ( !    
,unit$ ,/ates gu>antees ! p ( ! ,unit$  
,/ates ! "r to enact public policy ?r\gh
 ! free & fair election ( repres5tatives
 & ?r\gh ! actions ( ,/ate legislatures 
& ,congress2  7#b7 f9ancial in/itutions 
rightly object$ to ! ,op]ation ,*oke    
,po9t initiative ?r\gh :i* c]ta9        
gov]nm5t ag5cies pressur$ f9ancial      
in/itutions to cut (f access to f9ancial

 s]vices to lawful sectors ( ! economy2 
7#c7 9 response to pressure f advocates 
^: policy objectives are s]v$ :5        
f9ancial in/itutions d5y c]ta9 cu/om]s  
access to f9ancial s]vices1 f9ancial    
in/itutions are n[1 h[ev]1 increas+ly   
employ+ subjective1 category-bas$       
evaluations to d5y c]ta9 p]sons access  
to f9ancial s]vices2  7#d7 ?is          
privatization ( ! discrim9atory         
practices und]ly+ ,op]ation ,*oke ,po9t 
by f9ancial in/itutions repres5ts z     
great a ?reat to ! national economy1    
national security1 & ! s\ndness ( bank+ 
& f9ancial m>kets 9 ! ,unit$ ,/ates z   
,op]ation ,*oke ,po9t itself2  7#e7     
f9ancial in/itutions are support$ by !  
,unit$ ,/ates taxpay]s & enjoy          
significant privileges 9 ! f9ancial     
sy/em ( ! ,unit$ ,/ates & %\ld n be     
p]mitt$ to act z de facto regulators or 
unelect$ legislators by )hold+ f9ancial 
s]vices to o!rwise cr$it wor?y bus9esses
 bas$ on subjective political reasons1  
bias or prejudices2  7#f7 f9ancial      

in/itutions are n well-equipp$ to       
balance risks unrelat$ to f9ancial      
exposures & ! op]ations requir$ to      
deliv] f9ancial s]vices2  7#g7 ! ,unit$ 
,/ates taxpay]s came to ! aid = l>ge    
f9ancial in/itutions dur+ ! great       
recession ( #bjjh because !y 7 deem$ too
 important to ! national economy to be  
p]mitt$ to fail2  7#h7 :5 a f9ancial    
in/itution pr$icates ! access to        
f9ancial s]vices ( a p]son on factors or
 in=mation 7su* z ! lawful products a   
cu/om] manufactures or sells or !       
s]vices ! cu/om] provides7 o!r ?an      
quantitative1 imp>tial risk-bas$ /&>ds1 
! f9ancial in/itution has fail$ to act  
consi/5t ) basic pr9ciples ( s\nd risk  
managem5t & fail$ to provide fair access
 to f9ancial s]vices2  7#i7 f9ancial    
in/itutions h a responsibility to make  
decisions ab\t :e!r to provide a p]son )
 f9ancial s]vices on ! basis ( imp>tial 
crit]ia free f prejudice or favoritism2 
7#aj7 :ile fair access to f9ancial      
s]vices does n obligate a f9ancial      

in/itution to (f] any p>ticul> f9ancial 
s]vice to ! public1 or to op]ate 9 any  
p>ticul> geographic area1 or to provide 
a s]vice ! f9ancial in/itution (f]s to  
any p>ticul> p]son1 x is necess>y t--   
7,a7 ! f9ancial s]vices a f9ancial      
in/itution *ooses to (f] 9 ! geographic 
areas 9 :i* ! f9ancial in/itution       
op]ates be made available to all cu/om]s
 bas$ on ! quantitative1 imp>tial       
risk-bas$ /&>ds ( ! f9ancial in/itution1
 & n bas$ on :e!r ! cu/om] is 9 a       
p>ticul> category ( cu/om]s2  7,b7      
f9ancial in/itutions assess ! risks pos$
 by individual cu/om]s on a case-by-case
 basis1 r ?an category-bas$ assessm5t2 &
  7,c7 f9ancial in/itutions implem5t    
controls to manage relation%ips         
comm5surate ) ^! risks associat$ ) ea*  
cu/om]1 n a /rategy ( total avoidance ( 
p>ticul> indu/ries or categories (      
cu/om]s2  7#aa7 f9ancial in/itutions are
 free to provide or d5y f9ancial s]vices
 to any individual cu/om]1 b fir/1 !    
f9ancial in/itutions mu/ rely on        

empirical data t are evaluat$ consi/5t )
 ! e/abli%$1 imp>tial risk-managem5t    
/&>ds ( ! f9ancial in/itution2 &  7#ab7 
any?+ less is n prud5t risk managem5t & 
may result 9 unsafe or uns\nd practices1
 d5ial ( fair access to f9ancial        
s]vices1 cancell+1 or elim9at+ c]ta9    
bus9esses 9 society1 & h a delet]i\s    
effect on national security & ! national
 economy4  #c4 ,purpose ,! purposes (   
?is ,act are to--  7#a7 ensure fair     
access to f9ancial s]vices & fair       
treatm5t ( cu/om]s by f9ancial s]vice   
provid]s1 includ+ national & ,/ate      
banks1 ,f$]al sav+s associations1 &     
,/ate & ,f$]al cr$it unions2  7#b7      
ensure f9ancial in/itutions conduct     
!mselves 9 a safe & s\nd mann]1 comply )
 laws & regulations1 treat _! cu/om]s   
fairly1 & provide fair access to        
f9ancial s]vices2  7#c7 protect aga9/   
f9ancial in/itutions be+ able to imp$e  
o!rwise lawful comm]ce & !reby a*ieve   
c]ta9 public policy goals2  7#d7 ensure 
t p]sons involv$ 9 politically unpopul> 

bus9esses b t are lawful "u ,f$]al law  
receive fair access to f9ancial s]vices 
"u ! law2 &  7#e7 ensure f9ancial       
in/itutions op]ate 9 a safe & s\nd mann]
 by mak+ judgm5ts & decisions ab\t :e!r 
to provide a cu/om] ) f9ancial s]vices  
on an imp>tial1 individualiz$ risk-bas$ 
analysis us+ empirical data evaluat$ "u 
quantifiable /&>ds4  #d4 ,advances to   
individual memb] banks  7a7 ,memb] banks
 ,section #aj;,b ( ! ,f$]al ,res]ve ,act
 7#ab ,u4,s4,c4 #cdg;b7 is am5d$ by add+
 at ! end ! foll[+3  7c7 ,prohibition on
 use ( disc\nt w9d[ l5d+ programs ,no   
memb] bank ) m ?an #ej1jjj1jjj1jjj 9    
total consolidat$ assets1 or subsidi>y (
 ! memb] bank1 may use a disc\nt w9d[   
l5d+ program if ! memb] bank or         
subsidi>y refuses to d bus9ess ) any    
p]son :o is 9 compliance ) ! law1       
includ+ section #h ( ! ,fair ,access to 
,bank+ ,act4  4  7b7 ,insur$ depository 
in/itutions ,section #h7;a77#b77;,a7 ( !
 ,f$]al ,deposit ,insurance ,act 7#ab   
,u4,s4,c4 #ahah7;a77#b77;,a77 is am5d$--

  7#a7 9 clause 7ii71 by /rik+ or at !  
end2  7#b7 9 clause 7iii71 by /rik+ !   
comma at ! end & ins]t+ 2 or2 &  7#c7 by
 add+ at ! end ! foll[+3  7iv7 an insur$
 depository in/itution ) m ?an          
#ejj1jjj1jjj1jjj 9 total consolidat$    
assets1 or subsidi>y ( ! insur$         
depository in/itution1 t refuses to d   
bus9ess ) any p]son :o is 9 compliance )
 ! law1 includ+ section #h ( ! ,fair    
,access to ,bank+ ,act4  4  7c7         
,nonmemb] banks1 tru/ companies1 & o!r  
depository in/itutions ,section #ac ( ! 
,f$]al ,res]ve ,act 7#ab ,u4,s4,c4 #cdb7
 is am5d$ by ins]t+ ,provid$ fur!r1 ,t  
no su* nonmemb] bank or tru/ company or 
o!r depository in/itution ) m ?an       
#ej1jjj1jjj1jjj 9 total consolidat$     
assets1 or subsidi>y ( su* nonmemb] bank
 or tru/ company or o!r depository      
in/itution1 may refuse to d bus9ess )   
any p]son :o is 9 compliance ) ! law1   
includ+1 includ+ section #h ( ! ,fair   
,access to ,bank+ ,act3 aft]            
appropriate34  #e4 ,paym5t c>d networks 

7a7 ,def9ition ,9 ?is section1 ! t]m    
paym5t c>d network has ! mean+ giv5 !   
t]m 9 section #iba7;c7 ( ! ,electronic  
,fund ,transf] ,act 7#ae ,u4,s4,c4      
#afico-#b7;c774  7b7 ,prohibition ,no   
paym5t c>d network1 includ+ a subsidi>y 
( a paym5t c>d network1 may1 directly or
 ?r\gh any ag5t1 processor1 or lic5s$   
memb] ( ! network1 by contract1         
requirem5t1 condition1 p5alty1 or       
o!rwise1 prohibit or inhibit ! ability (
 any p]son :o is 9 compliance ) ! law1  
includ+ section #h ( ?is ,act1 to obta9 
access to s]vices or products ( ! paym5t
 c>d network because ( political or     
reputational risk consid]ations4  7c7   
,civil p5alty ,any paym5t c>d network t 
violates subsection 7b7 %all be assess$ 
a civil p5alty by ! ,comptroll] ( !     
,curr5cy ( n m ?an #aj p]c5t ( ! value (
 ! s]vices or products describ$ 9 t     
subsection1 n to exce$ #aj1jjj p]       
violation4  #f4 ,cr$it unions ,section  
#bjf7;b77#a7 ( ! ,f$]al ,cr$it ,union   
,act 7#ab ,u4,s4,c4 #aghf7 is am5d$ by  

ins]t+ or is refus+ or has refus$1 or   
has a subsidi>y t is refus+ or has      
refus$1 to d bus9ess ) any p]son :o is 9
 compliance ) ! law1 includ+ section #h 
( ! ,fair ,access to ,bank+ ,act1 aft] z
 an insur$ cr$it union14  #g4 ,use (    
automat$ cle>+ h\se network  7a7        
,def9itions ,9 ?is section3  7#a7 ,cov]$
 cr$it union ,! t]m cov]$ cr$it union   
means-- 7,a7 any insur$ cr$it union1 z  
def9$ 9 section #aja ( ! ,f$]al ,cr$it  
,union ,act 7#ab ,u4,s4,c4 #ageb72 or   
7,b7 any cr$it union t is eligible to   
make application to become an insur$    
cr$it union "u section #bja ( ! ,f$]al  
,cr$it ,union ,act 7#ab ,u4,s4,c4       
#agha74  7#b7 ,memb] bank ,! t]m memb]  
bank has ! mean+ giv5 ! t]m 9 ! ?ird    
undesignat$ p>agraph ( ! fir/ section ( 
! ,f$]al ,res]ve ,act 7#ab ,u4,s4,c4    
#bba74  7b7 ,prohibition ,no cov]$ cr$it
 union1 memb] bank1 or ,/ate-*>t]$      
non-memb] bank ) m ?an #ej1jjj1jjj1jjj 9
 total consolidat$ assets1 or a         
subsidi>y ( ! cov]$ cr$it union1 memb]  

bank1 or ,/ate-*>t]$ non-memb] bank1 may
 use ! ,automat$ ,cle>+ ,h\se ,network  
if t memb] bank1 cr$it union1 or        
subsidi>y ( ! memb] bank or cr$it union1
 refuses to d bus9ess ) any p]son :o is 
9 compliance ) ! law1 includ+ section #h
 ( ?is ,act4  #h4 ,fair access to       
f9ancial s]vices  7a7 ,def9itions ,9 ?is
 section3  7#a7 ,bank ,! t]m bank-- 7,a7
 means an entity = :i* ! ,(fice ( !     
,comptroll] ( ! ,curr5cy is !           
appropriate ,f$]al bank+ ag5cy1 z def9$ 
9 section #c ( ! ,f$]al ,deposit        
,insurance ,act 7#ab ,u4,s4,c4 #ahac72 &
  7,b7 includes-- 7i7 memb] banks2  7ii7
 non-memb] banks2  7iii7 cov]$ cr$it    
unions2  7iv7 ,/ate-*>t]$ non-memb]     
banks2 &  7v7 tru/ companies4  7#b7     
,cov]$ bank  7,a7 ,9 g5]al ,! t]m cov]$ 
bank means a bank t has ! ability to--  
7i7 raise ! price a p]son has to pay to 
obta9 an (f]$ f9ancial s]vice f ! bank  
or f a competitor2 or  7ii7             
significantly imp$e a p]son1 or !       
bus9ess activities ( a p]son1 9 favor ( 

or to ! advantage ( ano!r p]son4  7,b7  
,presumption  7i7 ,9 g5]al ,a bank %all 
n be presum$ to be a cov]$ bank if !    
bank has less ?an #ej1jjj1jjj1jjj 9     
total assets4  7ii7 ,rebuttable         
presumption  7,i7 ,9 g5]al ,a bank is   
presum$ to be a cov]$ bank if ! bank has
 #ej1jjj1jjj1jjj or m 9 total assets4   
7,,ii7 ,rebuttal ,a bank t meets !      
crit]ia "u subclause 7,i7 c seek to     
rebut ?is presumption by submitt+ to !  
,(fice ( ! ,comptroll] ( ! ,curr5cy     
writt5 mat]ials t1 9 ! judgem5t ( !     
ag5cy1 demon/rate ! bank does n meet !  
def9ition ( cov]$ bank4  7#c7 ,cov]$    
cr$it union ,! t]m cov]$ cr$it union    
means-- 7,a7 any insur$ cr$it union1 z  
def9$ 9 section #aja ( ! ,f$]al ,cr$it  
,union ,act 7#ab ,u4,s4,c4 #ageb72 or   
7,b7 any cr$it union t is eligible to   
make application to become an insur$    
cr$it union "u section #bja ( ! ,f$]al  
,cr$it ,union ,act 7#ab ,u4,s4,c4       
#agha74  7#d7 ,d5y ,! t]m d5y means to  
d5y or refuse to ent] into or t]m9ate an

 exi/+ f9ancial s]vices relation%ip ) a 
p]son4  7#e7 ,fair access to f9ancial   
s]vices ,! t]m fair access to f9ancial  
s]vices means p]sons engag$ 9 activities
 lawful "u ,f$]al law are able to obta9 
f9ancial s]vices at banks )\t imp$im5ts 
caus$ by a prejudice aga9/ or dislike = 
a p]son or ! bus9ess ( ! cu/om]1        
products or s]vices sold by ! p]son1 or 
favoritism = m>ket alt]natives to !     
bus9ess ( ! p]son4 ,refus+ to provide or
 cont9ue to provide f9ancial s]vices to 
a p]son because ! p]son engag$ 9 rude or
 h>ass+ conduct t[>d an employee ( a    
bank is n a violation ( ?is section4    
7#f7 ,f9ancial s]vice ,! t]m f9ancial   
s]vice means a f9ancial product or      
s]vice1 includ+--  7,a7 comm]cial &     
m]*ant bank+2  7,b7 l5d+2  7,c7 f9anc+2 
7,d7 leas+2  7,e7 ca%1 asset & inve/m5t 
managem5t & advisory s]vices2  7,f7     
cr$it c>d s]vices2  7,g7 paym5t         
process+2  7,h7 security & =eign ex*ange
 trad+ & brok]age s]vices2 &  7,i7      
insurance products4  7#g7 ,memb] bank ,!

 t]m memb] bank has ! mean+ giv5 ! t]m 9
 ! ?ird undesignat$ p>agraph ( ! fir/   
section ( ! ,f$]al ,res]ve ,act 7#ab    
,u4,s4,c4 #bba74  7b7 ,requirem5ts  7#a7
 ,9 g5]al ,to provide fair access to    
f9ancial s]vices1 a cov]$ bank 7includ+ 
a subsidi>y ( a cov]$ bank71 except z   
necess>y to comply ) ano!r provision (  
law-- 7,a7 %all make ea* f9ancial s]vice
 x (f]s available to all p]sons 9 !     
geographic m>ket s]v$ by ! cov]$ bank on
 proportionally equal t]ms2  7,b7 may n 
d5y any p]son a f9ancial s]vice ! cov]$ 
bank (f]s unless ! d5ial is ju/ifi$ by  
su* quantifi$ & docum5t$ failure ( !    
p]son to meet quantitative1 imp>tial    
risk-bas$ /&>ds e/abli%$ 9 advance by ! 
cov]$ bank2  7,c7 may n d5y1 9          
coord9ation ) or at ! reque/ ( o!rs1 any
 p]son a f9ancial s]vice ! cov]$ bank   
(f]s2 &  7,d7 %all1 :5 d5y+ any p]son   
f9ancial s]vices ! cov]$ bank (f]s1     
provide writt5 ju/ification to ! p]son  
expla9+ ! basis = ! d5ial1 includ+ any  
specific laws or regulations ! cov]$    

bank believes are be+ violat$ by ! p]son
 or cu/om]1 if any4  7#b7 ,ju/ification 
requirem5t ,a ju/ification describ$ 9   
p>agraph 7#a77;,d7 may n be bas$ solely 
on ! reputational risk to ! cov]$ bank4 
7c7 ,cause ( action = violations ( ?is  
section  7#a7 ,9 g5]al ,not)/&+ any o!r 
provision ( law1 a p]son may comm5ce a  
civil action 9 ! appropriate di/rict    
c\rt ( ! ,unit$ ,/ates aga9/ any cov]$  
bank t violates or fails to comply ) !  
requirem5ts "u ?is ,act1 = h>m t p]son  
suff]$ z a result ( su* violation4  7#b7
 ,no exhau/ion ,x %all n be necess>y = a
 p]son to exhau/ its adm9i/rative       
rem$ies be=e comm5c+ a civil action "u  
?is ,act4  7#c7 ,damages ,if a p]son    
prevails 9 a civil action "u ?is ,act1 a
 c\rt %all aw>d ! p]son-- 7,a7          
reasonable attorney's fees & co/s2 &    
7,b7 treble damages4