SB 1546 - This act creates new provisions relating to financial institutions. The act provides that it is an unlawful discriminatory practice to refuse to provide financial services, refrain from continuing to provide existing financial services, terminate existing financial services with, or otherwise discriminate in the provision of financial services to, a person or trade association solely because such person or trade association is engaged in the lawful commerce of firearms or ammunition products and is licensed pursuant to federal law or is a trade association. The Attorney General (AG) is given investigatory authority to investigate violations or potential violations of this provision. Any person or entity in violation of this provision may have a cause of action brought against them in the name of the state by the AG and may be subject to declaratory and injunctive relief as well as civil penalties of up to $10,000 per violation plus reasonable expenses, investigative costs, and attorney's fees. The act also exempts any financial institution from civil liability under the laws of this state for any act or omission made when in compliance with or in good faith reliance on any applicable rule, regulation, or written guidance issued by a regulatory agency, as that term is defined in the act. This exemption is a bar to the action or proceeding, notwithstanding that after such act or omission, such rule, regulation, or written guidance is modified, rescinded, or is held to be invalid by a court. Moreover, this provision shall not bar any action or proceeding when the act or omission of the financial institution constituted fraudulent activity, intentional misconduct, wanton or willful misconduct, or gross negligence. This act does not apply to the extent that any statute, regulation, or treaty of the United States preempts it. Furthermore, nothing in this act shall be construed to impair, limit, or affect the authority of the federal or any state government, and any regulatory agencies thereof, to bring any civil, criminal, or administrative enforcement action. Provisions of this act are substantially similar to HB 3107 (2026). SCOTT SVAGERA

2026 Regular Session Introduced by Curtis Trent

Missouri SB 1546 establishes new financial institution regulations; specific provisions and impacts require full bill text review currently in Senate committee.

Second Read and Referred S Insurance and Banking Committee

Legislative bill overview

SB 1546 creates new provisions relating to financial institutions in Missouri, though the specific regulatory changes, requirements, or authorities are not detailed in the available information. The bill is currently in committee review following its first reading in the Senate. Without access to the bill's full text, the precise scope of these provisions cannot be determined.

Why is this important

Financial institution regulations directly affect consumer protections, lending practices, banking fees, and the stability of state financial markets. Changes to these provisions could impact how banks, credit unions, and other financial entities operate in Missouri and how they serve consumers and businesses. The bill's actual importance depends entirely on what specific provisions it contains.

Potential points of contention

Scope clarity needed: The bill's title is vague, making it difficult for stakeholders to assess potential impacts without seeing the actual text

Industry vs. consumer interests: Financial regulations often pit industry flexibility against consumer protections, and the balance struck in these new provisions will likely generate debate

Implementation costs: New provisions may impose compliance burdens and costs on financial institutions that could affect lending rates or service availability