The bill H. 4466 aims to amend the South Carolina Code of Laws by adding new sections that prohibit discrimination by financial institutions and insurers based on certain personal characteristics. Specifically, it introduces Section 37-6-130, which mandates that financial institutions cannot deny or cancel services based on a person's political opinions, religious beliefs, or other specified factors. It allows for exceptions if the institution claims a religious purpose. Similarly, Section 38-57-330 prohibits insurers from discriminating against individuals based on their political affiliations or religious beliefs, while also allowing for risk-based determinations related to underwriting.

Both sections emphasize that determinations regarding service provision must be based on objective risk factors rather than subjective criteria, including social credit scores that consider political or religious affiliations. Violations of these provisions are classified as unfair or deceptive acts under the South Carolina Consumer Protection Code, subjecting offenders to penalties and remedies outlined in the law. The bill is currently under consideration in the House Committee on Labor, Commerce, and Industry.

Statutes affected:
04/30/2025: 37-6-130, 38-57-330
Latest Version: 37-6-130, 38-57-330