SB16

Prohibiting discrimination by financial services companies on the basis of social credit score and requiring registered investment advisers to obtain written consent from clients prior to investing client moneys in mutual funds, equity funds, companies and financial institutions that engage in ideological boycotts.

Introduced·1/16/25
Introduced Text

Kansas SB16 prohibits financial services companies from discriminating based on social credit scores and requires written client consent for.

Kansas SB16 aims to ensure fair access to financial services by prohibiting financial services companies from discriminating against individuals based on their social credit scores. This includes refusing to provide, continuing, or terminating financial services. The bill also mandates that registered investment advisers obtain written consent from clients before investing in mutual funds, equity funds, companies, or financial institutions that engage in ideological boycotts.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Financial Institutions and Insurance Committee
Next
Committee decision

Sponsors

0
0
Democratic CaucusRepublican Caucus

History

Jan 21, 2025

Senate

Senate Referred to Committee on Financial Institutions and Insurance

Jan 16, 2025

Senate

Senate Introduced