KS SB16

Prohibits financial services companies with $20 billion or more in assets from discriminating against customers based on "social credit scores" that negatively assess lawful activities including fossil fuel production, firearms sales, greenhouse gas emissions, or corporate board diversity criteria

Bans "ideological boycotts" by financial institutions, defined as refusing to deal with or penalizing companies engaged in energy production, mining, agriculture, firearms, or those that don't meet voluntary environmental or diversity standards beyond legal requirements

Requires registered investment advisers to obtain written client consent before investing in mutual funds, equity funds, or financial institutions engaged in ideological boycotts, with a mandatory disclosure warning that such boycotts may impact returns

Violations constitute deceptive practices enforceable by the attorney general; insurance company violations are unfair practices under existing insurance law; five or more violations result in a class C nonperson misdemeanor

Directs the state bank commissioner, commissioner of insurance, and credit union administrator to adopt enforcement rules by July 1, 2026