Prohibiting discrimination by financial services companies on the basis of social credit score and requiring registered investment advisers to obtain written consent from clients prior to investing client moneys in mutual funds, equity funds, companies and financial institutions that engage in ideological boycotts.
2025-2026 Regular Session
A financial services company shall not utilize standards or guidelines based on nonfinancial or ideological criteria, including the criteria constituting an ideological boycott, in determining whether or not to provide any financial service to a person or company. [...] "Ideological boycott" means, without an ordinary business purpose, refusing to deal with, refusing or limiting investment in, terminating business activities with or otherwise taking any commercial action that is intended to penalize, inflict economic harm on, limit commercial relations with or change or limit the activities of a company because the company, without violating controlling state or federal law: [...] (K) does not facilitate or assist employees in obtaining abortions, assisted suicide or gender reassignment services;
No sponsors available.
History
Date | Action |
---|---|
2025-01-21 | Senate Referred to Committee on Financial Institutions and Insurance |
2025-01-16 | Senate Introduced |