The government often uses regulations to shut 'undesirable' businesses off from bank accounts, when it cannot kill the businesses itself (for legal or political

The government often uses regulations to shut 'undesirable' businesses off from bank accounts, when it cannot kill the businesses itself (for legal or political reasons). The prime example of this is "Operation Choke Point", but there are other, more subtle ones. Banks like money, but they are unwilling to challenge the regulators which protect them. For those reasons (and others), I don't think your proposed legislation would work.