U.S. Sen. Rick Scott, R-Fla., was one of more than 25 Republicans in the U.S. Senate to support U.S. Sen. Kevin Cramer’s, R-ND, “Fair Access to Banking Act” last week.
According to Cramer’s office, the proposal would “prevent discrimination by banks and financial service providers against constitutionally-protected industries and law-abiding businesses” including fossil fuel companies and gun manufacturers.
“Discrimination has no place in our society, and big banks are no exception,” said Cramer. “I am grateful for my colleagues’ support in this effort, and I hope others will join.”
“The United States is a nation founded on free-market principles of fair and equal access to opportunity. We cannot allow financial service providers to unfairly tip the scales and arbitrarily discriminate against American companies. Our bill, the Fair Access to Banking Act protects free market values and makes it clear that discrimination by banks and financial institutions against legal, law-abiding businesses will not be tolerated,” said Scott.
Cramer’s bill was sent to the U.S. Senate Banking, Housing and Urban Affairs Committee last week. So far, there is no companion measure over in the U.S. House.
Reach Kevin Derby at email@example.com.