HF 594: Relating to discrimination in the provision of financial services, and providing civil penalties

What it does

This bill relates to discrimination by a financial institution in the provision of financial services. The bill prohibits a financial institution from discriminating in the provision of financial services to a person, and from agreeing, conspiring, or coordinating with another person or group of persons to discriminate in the provision of financial services to a person. “Discrimination” is defined by the bill as the use of a social credit score by a financial institution to directly or indirectly decline to provide, terminate, or restrict, financial services to a person.

House subcommittee · named February 27, 2025

• Rep. Charley Thomson (R) · charley.thomson@legis.iowa.gov
• Rep. Lindsay James (D) · lindsay.james@legis.iowa.gov
• Rep. Judd Lawler (R) · judd.lawler@legis.iowa.gov

Lobbying · 7 for, 3 against

For: ADF Action; Congressional Sportsmen's Foundation; Foundation for Government Accountability Action; Heartland Impact; The Family Leader; The Family Leader Foundation; VALOR Iowa

Against: Iowa Bankers Association; Iowa Credit Union League; Wells Fargo & Company

In plain words

1. February 25, 2025Filed in the House and sent to the Judiciary committee
2. February 27, 2025House subcommittee named: Thomson, C., James and Lawler
3. March 4, 2025Subcommittee recommended passing it
4. March 6, 2025Approved by the House committee
5. March 6, 2025Committee vote: 13–8
6. March 12, 2025Approved by the House committee, and given a new number: HF 922