Bill > H919

This bill aims to protect consumers by prohibiting financial institutions from discriminating against individuals based on various political, religious, and ideological factors. Specifically, banks, savings associations, savings banks, and credit unions would be prohibited from denying services or discriminating against a person due to their political opinions, religious beliefs, lawful firearm ownership, engagement in fossil fuel or agriculture industries, or compliance with certain environmental and social governance standards. The bill requires banks to use only quantitative, impartial, and risk-based standards when providing services and mandates that any subjective standards must be fully disclosed and agreed to by the customer. Financial institutions must submit an annual report attesting to their compliance, and individuals who believe they have been unfairly discriminated against can bring a legal action for damages or injunctive relief. The bill also modifies existing laws related to insurance to prevent discrimination based on environmental, social, and governance criteria, diversity policies, or political factors, unless such distinctions are based on sound underwriting principles. The legislation becomes effective immediately upon becoming law and applies to acts committed from that point forward.

Government Affairs

https://www.ncleg.gov/BillLookUp/2025/H919