Bill > SCR44

This resolution urges the United States Congress and the Trump Administration to address the practice of "debanking," where financial institutions are pressured by federal regulators to terminate banking relationships with certain businesses or individuals. The resolution highlights concerns about regulatory agencies like the FDIC using their leverage to compel banks to manage risk and detect financial crimes, which can result in banks severing relationships with law-abiding customers. Specifically, the resolution points to past examples like Operation Choke Point, where regulators attempted to discourage banks from working with specific industries such as gun sellers and payday lenders. The key provisions call for modernizing anti-money laundering laws to better focus on actual financial criminal activity, increasing transparency and accountability for regulators, and ensuring that law-abiding citizens can access financial services. As a final step, the resolution directs the Texas secretary of state to send official copies of the resolution to key federal government and banking regulatory officials, including the President, congressional leadership, and heads of the Federal Reserve, Office of the Comptroller of the Currency, and FDIC.

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https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SCR44