| 1 | 1 | | By: Toth H.B. No. 5252 |
|---|
| 2 | 2 | | |
|---|
| 3 | 3 | | |
|---|
| 4 | 4 | | A BILL TO BE ENTITLED |
|---|
| 5 | 5 | | AN ACT |
|---|
| 6 | 6 | | relating to prohibiting discrimination by financial institutions |
|---|
| 7 | 7 | | against lawful companies and businesses in the oil and gas |
|---|
| 8 | 8 | | industry. |
|---|
| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|---|
| 10 | 10 | | SECTION 1. Finance Code, Title 3, Subtitle Z, is amended by |
|---|
| 11 | 11 | | adding Chapter 283 to read as follows: |
|---|
| 12 | 12 | | CHAPTER 283. DISCRIMINATION AGAINST Oil AND GAS |
|---|
| 13 | 13 | | Sec. 282.001. DISCRIMINATION AGAINST LAWFUL OIL AND GAS |
|---|
| 14 | 14 | | COMPANIES PROHIBITED. (a) A financial institution as defined by |
|---|
| 15 | 15 | | Section 201.101 is prohibited from discriminating against lawful |
|---|
| 16 | 16 | | oil and gas industry companies or businesses based solely upon such |
|---|
| 17 | 17 | | a company’s or a business’s engagement in the commerce subject |
|---|
| 18 | 18 | | matter of oil and gas. |
|---|
| 19 | 19 | | (b) The banking commissioner shall administer and enforce |
|---|
| 20 | 20 | | this law, and per Finance Code Section 31.101, bring to bear all |
|---|
| 21 | 21 | | administrative remedies, including the de-charter of a financial |
|---|
| 22 | 22 | | institution found to be in violation of this section. |
|---|
| 23 | 23 | | SECTION 2. This Act takes effect September 1, 2023. |
|---|