STATEMENT OF PURPOSE
RS31473 / H0669
This legislation prohibits large financial institutions from discriminating against customers based on their
political or religious views. It applies only to banks with assets over $100,000,000,000 or payment processing
companies that process over $100,000,000,000 per year. These institutions would be prohibited from using
social credit scores or any nonfinancial criteria. Social credit scores do not include assessing financial risks
based on impartial and quantifiable financial risk-based standards. If a customer is denied access to financial
services, he or she has the right to request the reason for the denial from the financial institution. Enforcement
of the legislation resides with the Attorney General.
FISCAL NOTE
This legislation is unlikely to have any impact on public funds. The legislation sets forth certain
antidiscrimination measures, enforceable by the Attorney General. Such legislation could result in increased
or reduced legal costs for the State of Idaho, or no impact, depending on the nature of any additional case.
This is contingent on the Attorney General’s prosecutorial discretion. It is estimated that the Attorney General
should be able to prosecute these cases within the normal means of the office.
Contact:
Representative Josh Tanner
(208) 332-1000
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 02/27/2024, 12:59 PM


Statutes affected:
Bill Text: 26-107