House Bill 359, introduced in the New Hampshire Legislature on January 23, 2025, aims to prohibit financial institutions and insurers from discriminating against individuals based on a range of personal beliefs and affiliations. The bill seeks to address concerns over the increasing influence of social credit scores and the potential for discrimination based on political opinions, religious beliefs, and other non-quantitative factors.

Key provisions of House Bill 359 include a ban on denying or canceling services based on political affiliations, religious beliefs, and various business activities, such as engagement in fossil fuel production or lawful firearm ownership. The bill emphasizes that any service determinations must be based on sound underwriting principles rather than subjective criteria. Additionally, it establishes that violations of this law would be considered unfair or deceptive practices, subjecting offenders to penalties under existing trade regulations.

The introduction of House Bill 359 has sparked notable debates among lawmakers and advocacy groups. Proponents argue that the bill is essential for protecting individual rights and preventing discrimination in financial services, particularly in light of growing concerns about social credit systems that could penalize individuals for their beliefs or affiliations. Critics, however, express concerns that the bill may hinder financial institutions' ability to assess risk effectively, potentially leading to unintended consequences in the insurance and banking sectors.

The implications of House Bill 359 extend beyond individual rights, touching on broader economic and political issues. Supporters view it as a necessary safeguard against the politicization of financial services, while opponents warn it could complicate risk assessment processes and lead to increased costs for consumers. As the bill moves through the legislative process, its future remains uncertain, with potential amendments and further discussions likely to shape its final form.

Overall, House Bill 359 represents a significant legislative effort to address discrimination in financial services, reflecting ongoing tensions between individual rights and institutional risk management in New Hampshire and beyond.