Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate passes 'Transparency in Financial Services' bill targeting so-called debanking practices
Summary
The Idaho Senate approved Senate Bill 10-27, the Idaho Transparency in Financial Services Act, aimed at requiring large financial institutions to provide reasons when closing accounts and protecting certain speech- and industry-related activities. The bill passed the Senate 32–2 with one absent and will be transmitted to the House.
BOISE, Idaho — The Idaho Senate on March 3 passed Senate Bill 10-27, the Idaho Transparency in Financial Services Act, designed to give Idaho customers information about why certain large financial institutions may close accounts and to prohibit account closures based on protected beliefs or activities.
The bill, sponsored on the floor by Senator Grantham during the third reading, passed the Senate by a vote of 32 in favor, 2 opposed and 1 absent. The Senate secretary announced the tally after a roll call following closing remarks and final question.
Senator Grantham, speaking in favor of the bill, framed…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
