HB 1597

AN ACT TO BE KNOWN AS THE MISSISSIPPI FAIR BANKING STANDARDS ACT; TO DECLARE THE PUBLIC POLICY OF THE STATE; TO URGE CONGRESS AND THE PRESIDENT TO STOP GOVERNMENT FROM WEAPONIZING FINANCIAL INSTITUTIONS; TO PROVIDE STANDARDS FOR FAIR ACCESS TO FINANCIAL SERVICES CONSISTENT WITH EXECUTIVE ORDER 14331; TO PROHIBIT STATE REGULATORS FROM COERCING FINANCIAL INSTITUTIONS INTO TERMINATING CUSTOMER ACCOUNTS BASED ON NONQUANTITATIVE FACTORS; TO REQUIRE THE DEPARTMENT OF BANKING AND CONSUMER FINANCE TO REVIEW AGENCY GUIDANCE; TO CREATE AN ADMINISTRATIVE COMPLAINT PROCESS TO RESOLVE DEBANKING COMPLAINTS; AND FOR RELATED PURPOSES.