This bill establishes new regulations to prevent discrimination by financial institutions in the provision of financial services, specifically targeting the use of social credit scores. It defines discrimination as the refusal, termination, or restriction of financial services based on a person's social credit score, which evaluates various aspects of a person's conduct, including their speech, religious exercise, and business activities. The bill outlines the definitions of key terms such as "financial institution," "financial service," and "social credit score," and prohibits financial institutions from conspiring or coordinating with others to discriminate against individuals.

Additionally, the bill allows individuals who have been denied financial services to request a written explanation from the financial institution within 90 days of the action. The institution must provide this statement within 14 business days, detailing the reasons for the denial and including relevant terms of service. The bill empowers the attorney general to enforce its provisions through civil action, and individuals harmed by violations can seek damages, with potential awards reaching up to $30,000 for willful violations. Overall, the legislation aims to ensure fair access to financial services and protect individuals from discriminatory practices based on social credit scores.