By: Toth H.B. No. 5245
A BILL TO BE ENTITLED
AN ACT
relating to prohibiting discrimination by financial institutions
against lawful companies and businesses in the firearms and
ammunition 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 282 to read as follows:
CHAPTER 282. DISCRIMINATION AGAINST FIREARMS AND AMMUNITION
Sec. 282.001. DISCRIMINATION AGAINST LAWFUL FIREARMS OR
AMMUNITION COMPANIES PROHIBITED. (a) A financial institution as
defined by Section 201.101 is prohibited from discriminating
against lawful firearms and ammunition industry companies or
businesses based solely upon such a company’s or a business’s
engagement in the constitutionally protected commerce subject
matter of firearms or ammunition.
(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.