By: Hughes S.B. No. 1683
 
 
 
   
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the prohibition on certain discrimination in the
  extension of credit based on social credit or value-based
  standards.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 341.401, Finance Code, is amended by
  adding Subsection (b) to read as follows:
         (b)  Except as otherwise expressly required by law, an
  authorized lender or other person involved in a transaction subject
  to this title may not deny to an organization, as defined by Section
  1.001, Business Organizations Code, an extension of credit,
  including a loan, in the organization's name or restrict or limit
  the credit extended because of any other reason that is not based on
  an organization's failure to meet quantitative and impartial
  risk-based standards established by the lender, including an
  organization's:
               (1)  social credit score or an environmental, social,
  or governance score that is derived from subjective or value-based
  standards;
               (2)  diversity, equity, or inclusion standards or
  practices; or
               (3)  contracts, services, or other association with a
  legal industry, including agriculture, fossil fuels, firearms, or
  free-speech media platforms, or a religious institution.
         SECTION 2.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2023.