Kansas legislation · 2025-2026 Regular Session
Kansas SB16: Prohibiting discrimination by financial services companies on the basis of social credit score and requiring registered investment advisers to obtain written consent from clients prior to investing client moneys in mutual funds, equity funds, companies and financial institutions that engage in ideological boycotts
Status: In committee, April 10, 2026
What the bill says
An act concerning financial services; prohibiting discrimination by financial services companies on the basis of social credit score; requiring registered investment advisers to obtain written consent from clients prior to investing client moneys in mutual funds, equity funds, companies and financial institutions that engage in ideological boycotts.
From the introduced text, January 16, 2025:
AN ACT concerning financial services; prohibiting discrimination by financial services companies on the basis of social credit score; requiring registered investment advisers to obtain written consent from clients prior to investing client moneys in mutual funds, equity funds, companies and financial institutions that engage in ideological boycotts. Be it enacted by the Legislature of the State of Kansas: Section 1. (a) As used in sections 1 through 7, and amendments thereto: (1) "Company" means any organization, association, corporation, partnership, joint venture, limited partnership, limited liability partnership, limited liability company or other entity of business association, including a wholly owned subsidiary, majority-owned subsidiary, parent company or affiliate of such entities or business associations that exists for the purpose of making a profit. (2) "Financial institution" means a bank, national banking association, trust company, savings and loan association, building and loan association, mutual savings bank, credit union, payment processor or savings bank. (3) "Financial services company" means a financial institution, insurance company or other company that provides investment services. (4) "Fossil fuels" means coal, natural gas or oil. (5) "Ideological boycott" means, without an ordinary business purpose, refusing to deal with, refusing or limiting investment in, terminating business activities with or otherwise taking any commercial action that is intended to penalize, inflict economic harm on, limit commercial relations with or change or …