Senator Jack Johnson and Representative Jason Zachary of Tennessee are our heroes this week and deserve our gratitude for introducing a groundbreaking consumer protection bill, SB 2148, which has now been signed by the governor.
The bill prohibits de-banking “based upon the use of a social credit score or other factors.” Factors listed in the bill’s summary include political or religious beliefs, opinions, or speech; lawful firearm ownership; engagement in lawful business related to firearms or ammunition; “engagement in the exploration, production, utilization, transportation, sale, or manufacture of fossil fuel-based energy, timber, mining, or agriculture”; and more.
This legislation is a significant step toward safeguarding individuals’ rights, as it prevents the largest banks in the country from arbitrarily closing customer accounts solely due to their political or religious beliefs.
A big thank you to Senator Johnson and Representative Zachary. If you send the link to this post to your state representatives, more states will follow suit!
Related:
Tennessee General Assembly Passes Landmark Bill Against De-Banking
TN lawmakers approve landmark de-banking bill, send to governor’s desk
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