Mississippi legislation · 2026 Regular Session
Mississippi HB1597: Mississippi Fair Banking Standards Act; create.
Status: Failed, March 3, 2026
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.
What the bill says
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…
From the engrossed text:
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. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. This act shall be known and may be cited as the "Mississippi Fair Banking Standards Act". SECTION 2. (1) The Legislature finds that: (a) President Donald Trump, through his August 7, 2025, Executive Order 14331, Guaranteeing Fair Banking for All Americans, and United States Senator Tim Scott, Chairman of the Senate Committee on Banking, Housing and Urban Affairs, and United States Representative French Hill, Chairman of the House Committee on Financial Services, are working to stop federal regulators from leveraging their authority to pressure banks to debank individuals and businesses; *HR43/R1716PH* H. B. No. 1597 ~ OFFICIAL ~ G3/5 26/HR43/R1716PH PAGE 1 (MCL\KP) (b) The complexity of federal laws and regulations and broad discretion of regulators have …
Sponsors
- Aguirre, Shane (R, 17) · primary sponsor
- Burch, Elliot (R, 105)
- Hall, Rodney (R, 20)
Latest actions
- : Died In Committee
- : Referred To Business and Financial Institutions
- : Transmitted To Senate
- : Passed As Amended
- : Amended
- : Committee Substitute Adopted
- : Title Suff Do Pass Comm Sub
- : Referred To Banking and Financial Services
Votes
- Passed As Amended (February 11, 2026): 99 yea, 17 nay, passed
Subjects: Mississippi Fair Banking Standards Act
Common questions
- What is HB1597?
- HB1597 is a bill in the Mississippi Legislature (2026 Regular Session): Mississippi Fair Banking Standards Act; create.
- What does HB1597 do?
- In its own words: 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…
- What is the status of HB1597?
- Failed as of March 3, 2026. Latest action: Died In Committee (March 3, 2026).
- Who sponsored HB1597?
- Aguirre, Shane (R, 17), with 2 co-sponsors.
- Where is the official record for HB1597?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1597.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.