The proposed bill seeks to amend the Arizona Revised Statutes by adding a new section, 6-194, which explicitly prohibits the state from requiring banks or financial institutions to utilize a social credit score in their lending evaluations. This insertion aims to protect consumers from potential discrimination or bias that could arise from the use of social credit scores in financial decision-making.

Current statutes regarding banks and financial institutions remain unchanged, as the bill does not delete any existing language but rather introduces new provisions to ensure that social credit scores are not a factor in lending practices. This legislative change emphasizes the importance of traditional credit evaluation methods over emerging social credit systems.

Statutes affected:
Introduced Version: 6-194