WeVote
Log In

Bill

Bill

SCR 44

Urging Congress and the Trump Administration to stop federal regulators from pressuring banks to unjustly debank customers.

89th Legislature (2025) Introduced by Lois Kolkhorst and 1 co-sponsor

Texas urges federal government to prevent bank regulators from pressuring financial institutions to close accounts based on political ideology or beliefs.

Referred to Business & Commerce
#financial--banks(i0366) #resolutions--legislativepolicy(i0685)
0
WeVote Research Nonpartisan
Bill Summary · SCR 44

Legislative bill overview

SCR 44 is a Texas state concurrent resolution urging the U.S. Congress and Trump Administration to prevent federal regulators from pressuring banks to terminate accounts for customers based on political or ideological grounds. The resolution does not create binding law but expresses the Texas Legislature's position on federal banking regulatory practices.

Why is this important

"Debanking"—the removal of customers from banking services—has become a politically contentious issue, with debates over whether regulators inappropriately pressure financial institutions to deny services to certain groups or individuals. This resolution reflects ongoing tension between state legislatures and federal banking agencies over regulatory overreach, and signals Texas's position in a broader national debate about financial access and regulatory authority.

Potential points of contention

  • Definition of "unjust" debanking: The resolution uses the term "unjustly" without legal definition, making it unclear which specific debanking practices are being challenged versus legitimate regulatory compliance actions based on money laundering, sanctions, or fraud concerns.
  • Federal vs. state authority: Banks operate under federal regulation; a state resolution has limited enforcement power and may clash with federal regulators' independent statutory authority to oversee banking safety and compliance.
  • Selective application concerns: Critics may argue the resolution conflates legitimate regulatory actions (blocking accounts for illegal activity or sanctions violations) with alleged political discrimination, potentially obscuring how debanking decisions are actually made.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.