SB1138 is a bill that aims to prohibit financial institutions, insurers, and credit reporting agencies from discriminating against individuals based on political affiliation or other social credit, environmental, social, governance, or similar values-based or impact criteria. The bill allows these entities to offer products or services that include subjective standards, provided they are fully disclosed and explained before entering into a contract. It also clarifies that the prohibition does not prevent these entities from refusing to conduct business for the physical safety of their employees.

The bill includes legislative declarations that the practice of discrimination based on social credit or environmental, social justice, and governmental scores is a matter of statewide concern, threatening the rights and welfare of the state's inhabitants and the foundations of a free democratic state. The bill's provisions are set to become effective on the general effective date.

Statutes affected:
Introduced Version: 6-194
Senate Engrossed Version: 6-194, 20-111, 44-1698.03