US HB987

Prohibits banks with over $50 billion in assets and insured depository institutions with over $500 billion in assets from using Federal Reserve discount window lending programs if they refuse to do business with law-abiding customers

Requires covered banks to make financial services available to all persons on equal terms and prohibits denying services based on political or reputational reasons rather than quantitative, impartial risk-based standards

Bans payment card networks from denying access to services based on political or reputational risk considerations, with civil penalties of up to 10% of service value (maximum $10,000 per violation) enforced by the Comptroller of the Currency

Restricts credit unions and banks exceeding the $50 billion asset threshold from using the Automated Clearing House Network if they refuse services to law-compliant customers

Creates a private right of action allowing individuals denied fair access to sue covered banks in federal court without exhausting administrative remedies, with prevailing plaintiffs entitled to treble damages and attorney's fees