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TX SB946
Bill
Status
5/8/2025
Primary Sponsor
Bryan Hughes
Click for details
AI Summary
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Prohibits authorized lenders from denying or restricting credit to organizations based on social credit scores or environmental, social, or governance (ESG) scores derived from subjective or value-based standards
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Bars lenders from considering an organization's diversity, equity, or inclusion (DEI) standards or practices when making credit decisions
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Protects organizations from credit discrimination based on their contracts with, services to, or associations with religious institutions or legal industries including agriculture, fossil fuels, firearms, and free-speech media platforms
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Requires credit decisions for organizations to be based on bona fide credit factors or quantitative, impartial standards for assessing financial risk, unless other law expressly requires otherwise
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Takes effect immediately with two-thirds legislative vote, otherwise September 1, 2025
Legislative Description
Relating to the prohibition on certain discrimination in the extension of credit to organizations based on social credit or value-based standards.
Financial
Last Action
Failed to receive affirmative vote in comm.
5/15/2025