Financial institutions; creating the Fair Banking Act; prohibiting discrimination in provision of financial services against persons; civil action; effective date.

Summary

The bill defines "financial institution" as banks with over $100 billion in assets or payment firms processing over $100 billion annually, and prohibits them from denying, limiting, or ending services based on protected religious or speech activity, lawful economic activity, or animus. Affected customers can demand a written explanation for any adverse action, and violators face civil damages, attorney fees, and injunctive relief. The act takes effect on November 1, 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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