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
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  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.
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