If enacted, this bill would amend Title 6, Chapter 2, Article 1 of the Arizona Revised Statutes by adding a new section, 6-194. The new provision would explicitly prohibit the state from requiring banks or financial institutions to utilize a social credit score when assessing whether to lend money to customers. This insertion aims to safeguard the lending practices of financial institutions from being influenced by social credit evaluations.

The current statutes regarding the regulation and operation of financial institutions would remain unchanged, as the bill does not delete any existing language. Instead, it introduces a clear prohibition against the use of social credit scores in lending decisions, thereby reinforcing the autonomy of financial institutions in their evaluation processes.

Statutes affected:
Introduced Version: 6-194
House Engrossed Version: 6-194