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TX HB4723
Bill
Status
3/13/2025
Primary Sponsor
Mike Schofield
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AI Summary
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Prohibits any person conducting business in Texas from assigning an environmental, social, or governance (ESG) score to individuals or families residing in the state
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Defines ESG scores as credit scores based on measuring a customer's exposure to long-term environmental, social, and governance risks
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Imposes civil penalties of up to $1,000 for each individual or family assigned an ESG score, with each day the violation continues counting as a separate violation
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Authorizes the Texas Attorney General to bring actions to collect civil penalties and seek injunctions to stop violations
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Effective date is September 1, 2025
Legislative Description
Relating to prohibiting the use of environmental, social, or governance scores; providing a civil penalty.
Business & Commerce
Last Action
Referred to Trade, Workforce & Economic Development
4/3/2025