Amendment H-1235 to HF 618

Filed April 12, 2023 in the House by

What it changes

1. Page 54, after line 4 by inserting: “DIVISION ___ FINANCIAL INSTITUTIONS Sec. ___. NEW SECTION . 525.1 Denial of financial services —— prohibition.
2. As used in this section, “financial institution” means and includes any bank incorporated under the provisions of any state or federal law, any savings and loan association incorporated under the provisions of federal law, any credit union organized under the provisions of any state or federal law, any corporation licensed as an industrial loan company under chapter 536A, and any affiliate of a bank, savings and loan association, credit union, or industrial loan company.
3. Notwithstanding any provision of law to the contrary, a financial institution shall not refuse or discontinue service to a person for anticipated criticism as a result of engaging in business with such person, or for any of the following reasons: a. A person holding controversial political views. b. A person subject to controversy or scrutiny in the press. c. A person expressing support for a particular political candidate or movement.”
4. Title page, by striking lines 1 and 2 and inserting “An Act relating to commercial transactions, by providing for the control and transmission of electronic records and digital assets, and providing for the practices of financial institutions.”
5. By renumbering as necessary.

Official amendment (PDF) · In the Bill Book