Banks and insurers would base service decisions on individual risk factors

Financial institutions would have to assess each customer's risk and could not deny, cancel, or change services for listed reasons. This covers state and national banks, savings institutions, credit unions, industrial loan companies, and mortgage lenders, and their current or prospective customers. A financial institution claiming a religious purpose could consider a customer's religious beliefs, practice, or affiliations. The restrictions include social scores based on listed views, lawful activities, or failure to meet certain standards when the person follows applicable law. The proposed rules would take effect 60 days after passage.

Insurers would have to assess each customer's expected losses and could not deny, cancel, or change services for listed reasons. This covers insurers and their current or prospective customers. An insurer claiming a religious purpose could consider a customer's religious beliefs, practice, or affiliations. The restrictions include social scores based on listed views, lawful activities, or failure to meet certain standards when the person follows applicable law. The proposed rules would take effect 60 days after passage.

A person harmed by a violation could use available chapter remedies, and the violation would also count as an unfair or deceptive trade practice. This applies to violations of the proposed banking and insurance rules. These provisions would take effect 60 days after passage.