HOUSE BILL 669
State Affairs (Senate)
Equality in financial services
EQUALITY IN FINANCIAL SERVICES – Adds to existing law to provide for equality in financial services.
RS31473 / H0669
This legislation prohibits large financial institutions from discriminating against customers based on their political or religious views. It applies only to banks with assets over $100,000,000,000 or payment processing companies that process over $100,000,000,000 per year. These institutions would be prohibited from using social credit scores or any nonfinancial criteria. Social credit scores do not include assessing financial risks based on impartial and quantifiable financial risk-based standards. If a customer is denied access to financial services, he or she has the right to request the reason for the denial from the financial institution. Enforcement of the legislation resides with the Attorney General.
| Date | Description |
|---|---|
| 02/27 | Introduced, read first time, referred to JRA for Printing |
| 02/28 | Reported Printed; Filed for Second Reading |
| 02/29 | Read second time; Filed for Third Reading |
| 03/01 | Read Third Time in Full – PASSED - 58-10-2 AYES – Alfieri, Allgood, Andrus, Barbieri, Blanksma, Boyle, Bundy, Cannon, Cheatum, Clow, Cornilles, Crane(12)(Crane), Crane(13), Dixon(1), Dixon(24), Durrant, Ehardt, Ehlers, Furniss, Gallagher, Garner, Green, Handy, Hawkins, Healey, Hill, Holtzclaw, Horman, Kingsley, Lambert, Lanting, Manwaring, McCann, Mendive, Mickelsen, Miller, Mitchell, Monks, Nelsen, Palmer, Petzke, Pickett, Price, Raybould, Raymond, Redman, Sauter, Scott, Skaug, Tanner, Vander Woude, Weber, Wheeler, Wisniewski, Wroten, Yamamoto, Young, Mr. Speaker NAYS – Achilles, Berch, Burns, Chew(Hansen), Galaviz, Gannon, Mathias, Necochea, Roberts, Rubel Absent – Erickson, Shepherd Floor Sponsor - Tanner Title apvd - to Senate |
| 03/04 | Received from the House passed; filed for first reading |
| 03/04 | Introduced, read first time; referred to: State Affairs |