Texas HB4723 prohibits assigning environmental, social, or governance scores to individuals or families in Texas, with a civil penalty up to $1,000.

Texas HB4723 amends the Business & Commerce Code to prohibit businesses operating in Texas from assigning environmental, social, or governance scores to individuals or families residing in the state. These scores measure exposure to long-term environmental, social, and governance risks. Violators face a civil penalty of up to $1,000 for each affected individual or family, with each day of violation counting as a separate offense.

Texas HB4723 prohibits assigning environmental, social, or governance scores to individuals or families in Texas, with a civil penalty up to $1,000.

Texas HB4723 amends the Business & Commerce Code to prohibit businesses operating in Texas from assigning environmental, social, or governance scores to individuals or families residing in the state. These scores measure exposure to long-term environmental, social, and governance risks. Violators face a civil penalty of up to $1,000 for each affected individual or family, with each day of violation counting as a separate offense.