TX SCR44

Urges the U.S. Congress and Trump Administration to modernize anti-money laundering laws to focus on actual criminal activity rather than innocent banking transactions of law-abiding customers

Expresses support for increased transparency and accountability for federal bank regulators and examiners to prevent unjust "debanking" of individuals and businesses

Cites Operation Choke Point (2013), which pressured banks to stop serving ammunition sellers, gun dealers, and payday lenders, and Operation Choke Point 2.0 (2022), when the FDIC sent letters calling for banks to pause crypto-related activities

Notes that current regulatory pressure, including monetary penalties, lawsuits, and criminal charges, forces banks to sever relationships with customers in certain industries

Directs the Texas Secretary of State to send copies to the President, congressional leaders, and heads of the Federal Reserve, Office of the Comptroller of the Currency, and FDIC