The bill modifies existing laws by defining and prohibiting discrimination in financial services, thereby amending Title 75, Chapter 24 of the Mississippi Code of 1972. It provides a mechanism for individuals to seek redress through civil action if they believe they have been discriminated against by such institutions. This provision is intended to promote accountability among financial services providers and enhance transparency regarding the decisions made about service accessibility.
Summary
Senate Bill 2118, titled the 'Equality in Financial Services Act', seeks to prohibit discrimination by financial institutions in the provision of financial services. The legislation aims to ensure that financial institutions provide their services impartially, without discrimination based on personal characteristics such as race, religion, or social views. This act reinforces the principles of equal access to financial services as a fundamental right, enabling more people to participate meaningfully in the marketplace of Mississippi.
Contention
Notably, the bill draws attention for its implications surrounding the concept of 'social credit scores'—a term used to define any analysis used by financial institutions to evaluate a person's eligibility for services based on non-financial criteria. Critics might argue that such practices, if enacted carelessly, could inadvertently reinforce discriminatory practices in a new guise. Moreover, the bill contains stipulations requiring financial institutions to provide a statement as to why services are denied, fostering an environment of transparency but also raising concerns over potential invasions of privacy regarding individuals' backgrounds and beliefs.
"Requiring Efficiency For Our College and Universities System (REFOCUS) Act"; create to establish task force and to curtail discriminatory indoctrination.