A new bill proposed by a handful of Senate Democrats aims to make discrimination in the banking industry explicitly illegal for the first time, bridging a gap that left the financial services industry out of 1964 Civil Rights Act discrimination laws.

Senators Sherrod Brown (D-OH), Tina Smith (D-MN), Cory Booker (D-NJ), Bob Menendez (D-NJ), Elizabeth Warren (D-MA), and Chris Van Hollen (D-MD) introduced the Fair Access to Financial Services Act to fellow lawmakers on Wednesday.

The bill would prohibit banks from discriminating based on race, color, religion, national origin, sex, gender identity or sexual orientation.

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