Interesting that most people creating this content are on the left politically, but this bill was introduced by a politician on the right and all 43 cosponsors are also on the right. Interesting times. My Senator is already listed as a cosponsor. I hope this passes, but knowing the Ds, this will get killed like so many other good pieces of legislation. Our government is fundamentally corrupt and broken. They no longer serve the interests of their constituents.
It's a reaction to when the right was not in power and the financial system's lack of regulation was being weaponized against them. Operation Chokepoint and the like.
We've been thru several cycles of this now, where the people not in power at the moment get debanked and generally victimized. Sometimes after enough of that sort of thing, people manage to come together and agree that some things should be neutral ground and not battleground, and we get things like the USA's First Amendment. I hope this can be one such event.
Because the other side of the fence generally use those methods maliciously for their own gain
Meanwhile Republicans, even if it doesn't primarily affect their constituency (although perhaps it will sway a little more that way after that bill) can recognise the malice and grievous overstepping of role the situation has provided
If it wasn't such a uniparty system over there it might make for some meaningful political shift (to the non-extreme right) based around the betterment of the people and fair commerce and trading