Bill > HR189

This bill, the Financial Institution Customer Protection Act of 2019, provides requirements for federal banking agencies when requesting or ordering a depository institution to terminate a customer account. The bill specifies that a federal agency may only do so if it has a valid reason, not based solely on reputation risk. Valid reasons include threats to national security, involvement in terrorist financing, or doing business with certain state sponsors of terrorism. If an agency requests account termination, it must provide the depository institution with written notification and justification. The bill also includes provisions related to notifying customers, reporting requirements for agencies, and definitions of key terms like "appropriate federal banking agency" and "depository institution."

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https://www.congress.gov/bill/116th-congress/house-bill/189/all-info