Loading chat...
NJ SCR52
Concurrent Resolution
Status
1/9/2024
Primary Sponsor
Michael Testa
Click for details
AI Summary
-
Urges Congress and the President to pass federal legislation prohibiting federally regulated financial institutions from penalizing customers for exercising constitutionally protected speech
-
Cites PayPal's September 2022 policy update that would have allowed the company to fine users $2,500 for posting "misinformation" or content deemed "unfit for publication" at PayPal's sole discretion
-
Notes that PayPal withdrew the policy after public backlash, but argues consumers remain vulnerable to similar policies from other financial institutions
-
Expresses concern that financial institutions' ability to restrict expression creates inequity given widespread public dependence on their services
-
Directs copies of the resolution to be sent to the President, congressional leadership, and all New Jersey members of Congress
Legislative Description
Urges Congress and President to prohibit private financial institutions from penalizing individuals for exercise of free speech.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/9/2024