Tim Scott, debanking and Senate

Tim Scott introduces Senate bill to address debanking over 'reputational risk'
Sen. Tim Scott and banking committee Republicans introduced a new bill known as the FIRM Act, which seeks to prevent debanking decisions related to concerns over reputational risk.
Tim Scott unveils bill targeting debanking
Senate Banking Committee Chair Tim Scott (R-S.C.) unveiled legislation Thursday taking aim at debanking. Debanking — the closure of accounts that banks consider risky, often with little notice or explanation — has become a key issue for Republicans,
Senate Banking advances Scott's debanking bill
The Senate Banking Committee voted Thursday to advance legislation seeking to strike "reputational risk" from the toolkit of U.S. regulators considering vulnerabilities at financial institutions. Why it matters: Supporters of the FIRM Act argue that it removes a subjective standard open to abuse by administrations looking to target disfavored industries.
Senate panel advances debanking reform, first digital assets bill
The Senate Banking Committee advanced bills to create a regulatory framework for dollar-denominated stablecoins and to prevent debanking due to "reputational risk."
Senate Banking panel advances stablecoin bill
The Senate Banking Committee voted Thursday to advanced legislation to create a regulatory framework for payment stablecoins. The movement on the GENIUS Act marks a key win for the Trump administration and Republican lawmakers,
Senate Democrats face 'tough map' as a slate of retirements hit Dem-friendly states
Senate Democrats’ already difficult 2026 map just got even worse. After losing the majority last November, the party faced a very narrow path out of the wilderness. Then Sen. Jeanne Shaheen piled on.
Senate Banking Chair moves to end debanking of crypto, ‘risky’ industries
Senate Banking Committee Chair Tim Scott has introduced a bill aimed at preventing federal regulators from using reputational ...