Bill > H0560

This bill amends Idaho law to create the "Equality in Financial Services Act." The key provisions are: 1. It prohibits financial institutions (defined as banks with over $100 billion in assets or payment processors with over $100 billion in transactions) from discriminating in the provision of financial services based on a person's protected speech, religious exercise, or other conduct, such as their views on fossil fuels, firearms, or diversity policies. 2. It requires financial institutions to provide a detailed written explanation to customers if they refuse, restrict, or terminate services, including the specific reasons and contractual basis for the decision. 3. Violations of the Act are considered violations of Idaho's Consumer Protection Act, allowing the state Attorney General to investigate and enforce the law, and giving affected individuals the ability to file civil lawsuits. The bill declares an emergency and states it will take effect on July 1, 2024.

Government Affairs

State Affairs Committee (House)

https://legislature.idaho.gov/sessioninfo/2024/legislation/H0560/