US Congress House Bill 189 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 3 2019 - 25% progression, died in committee
Action: 2019-01-03 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Specifies that a federal banking agency may not request or order a depository institution to terminate a customer account unless (1) the agency has a valid reason for doing so, and (2) that reason is not based solely on reputation risk. Valid reasons for terminating an account include threats to national security and involvement in terrorist financing, including state sponsorship of terrorism. A federal banking agency requesting a termination must provide the depository institution with notification and justification.

Financial Institution Customer Protection Act of 2019

Rep. Blaine Luetkemeyer [R-MO]

Date	Chamber	Action
2019-01-03	House	Referred to the House Committee on Financial Services.
2019-01-03	House	Introduced in House

SB3003 (Related) 2019-12-10 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
HB6800 (Related) 2020-07-23 - Committee on Small Business and Entrepreneurship. Hearings held.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/189/all-info
Text	https://www.congress.gov/116/bills/hr189/BILLS-116hr189ih.pdf