Senators Target Big Banks Denying Services to Federal Contractors Working with ICE

U.S. Senator Marco Rubio (R-Fla.) talks to the media as he leaves after voting in the impeachment trial of the US president on Capitol Hill in Washington on Jan. 31, 2020. Mandel Ngan/AFP via Getty Images

A group of senators led by Sen. Marco Rubio (R-Fla.) has announced plans to introduce legislation that would target major banks that deny services to federal contractors working with the Immigration and Customs Enforcement (ICE) agency.

Titled the Financial Defense of Industrial Contractors (FDIC) Act (pdf), Sens. Rubio, Kevin Cramer (R-N.D.), Tom Cotton (R-Ark.), Marsha Blackburn (R-Tenn.), and Ted Cruz (R-Texas) said in a Feb. 13 news release they hope the legislation would combat “political discrimination” allegedly committed by six big U.S. banks against federal contractors.