Bill Text: TX HB5252 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to prohibiting discrimination by financial institutions against lawful companies and businesses in the oil and gas industry.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-03-24 - Referred to Pensions, Investments & Financial Services [HB5252 Detail]
Download: Texas-2023-HB5252-Introduced.html
| By: Toth | H.B. No. 5252 | |
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| relating to prohibiting discrimination by financial institutions | ||
| against lawful companies and businesses in the oil and gas | ||
| industry. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Finance Code, Title 3, Subtitle Z, is amended by | ||
| adding Chapter 283 to read as follows: | ||
| CHAPTER 283. DISCRIMINATION AGAINST Oil AND GAS | ||
| Sec. 282.001. DISCRIMINATION AGAINST LAWFUL OIL AND GAS | ||
| COMPANIES PROHIBITED. (a) A financial institution as defined by | ||
| Section 201.101 is prohibited from discriminating against lawful | ||
| oil and gas industry companies or businesses based solely upon such | ||
| a company’s or a business’s engagement in the commerce subject | ||
| matter of oil and gas. | ||
| (b) The banking commissioner shall administer and enforce | ||
| this law, and per Finance Code Section 31.101, bring to bear all | ||
| administrative remedies, including the de-charter of a financial | ||
| institution found to be in violation of this section. | ||
| SECTION 2. This Act takes effect September 1, 2023. | ||
