IA HF594

Prohibits financial institutions (banks with over $100 billion in assets, payment processors handling over $100 billion annually, and their affiliates) from using "social credit scores" to deny, restrict, or terminate financial services

Defines "social credit score" as evaluations based on protected speech, religious exercise, or conduct; refusal to adopt greenhouse gas emission targets beyond legal requirements; refusal to conduct racial/diversity/gender audits; refusal to assist employees with abortion or gender reassignment; business ties to firearms/ammunition dealers or oil/gas companies; or status as an elected official or politically exposed person

Requires financial institutions to provide a written statement within 14 business days explaining the reason for denying, restricting, or terminating services when requested by an affected person within 90 days of the action

Authorizes the Attorney General to bring civil enforcement actions seeking injunctive relief, damages, restitution, or other remedies for violations

Allows harmed individuals to bring civil actions with actual damages capped at $10,000, or up to $30,000 (treble damages) plus attorney fees for willful violations