Bill
HF 594
Summary of HF 594 (Renumbered as HF 922) Bill OverviewHF 594 (renumbered as HF 922) is a bill that aims to prohibit discrimination in the provision of financial services. The bill
HF 594 (renumbered as HF 922) is a bill that aims to prohibit discrimination in the provision of financial services. The bill was introduced on February 25, 2025 and has been approved by committee, with a new number assignment of HF 922.
The main provisions of the bill include:
Prohibiting Discrimination: The bill would make it unlawful for any financial institution or financial services provider to discriminate against an individual or business in the provision of financial services on the basis of race, color, religion, national origin, sex, disability, or familial status.
Enforcement and Penalties: The bill would empower the state's Department of Commerce to investigate complaints of discrimination and impose civil penalties of up to $10,000 per violation. Affected individuals would also have the right to file a civil lawsuit to recover damages.
Reporting Requirements: Financial institutions would be required to collect and report data on the demographics of their customers and loan applicants to help monitor compliance with the anti-discrimination provisions.
If passed, HF 922 would have the following key impacts:
Consumer Protections: The bill is intended to ensure equal access to financial services and credit, protecting individuals and businesses from discriminatory practices.
Increased Oversight: The new reporting requirements would give regulators and the public greater visibility into potential patterns of discrimination within the financial sector.
Penalties for Violations: The threat of significant civil penalties is designed to incentivize financial institutions to comply with the anti-discrimination standards set forth in the legislation.
Compiled from official sources — confirm details with the bill’s official record.
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