89R2046 MLH-F     By: Hughes S.B. No. 946       A BILL TO BE ENTITLED   AN ACT   relating to the prohibition on certain discrimination in the   extension of credit to organizations based on social credit or   value-based standards.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 341.401, Finance Code, is amended by   amending Subsection (a) and adding Subsections (a-1) and (a-2) to   read as follows:          (a)  In this section, "organization" has the meaning   assigned by Section 1.002, Business Organizations Code.          (a-1)  An authorized lender or other person involved in a   transaction subject to this title may not deny to an individual who   has the capacity to contract an extension of credit, including a   loan, in the individual's name or restrict or limit the credit   extended:                (1)  because of sex, race, color, religion, national   origin, marital status, or age;                (2)  because all or part of the individual's income   derives from a public assistance program in the form of social   security or supplemental security income; or                (3)  because the individual has in good faith exercised   a right under the Consumer Credit Protection Act (15 U.S.C. Section   1601 et seq.; 18 U.S.C. Section 891 et seq.).          (a-2)  Except as expressly required by other law, an   authorized lender or other person involved in a transaction subject   to this title may not deny to an organization an extension of   credit, including a loan, in the organization's name or restrict or   limit the credit extended for any reason not based on the   organization's failure to meet quantitative, impartial standards   established by the lender for assessing financial risk, including   the organization's:                (1)  social credit score or an environmental, social,   or governance score that is derived from subjective or value-based   standards;                (2)  standards or practices pertaining to diversity,   equity, or inclusion; or                (3)  contracts in, services given to, or association   with a particular religious institution or legal industry,   including agriculture, fossil fuels, firearms, or free-speech   media platforms.          SECTION 2.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution.  If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2025.