HB 1224 creates a new law prohibiting South Dakota banks and major payment processors from denying or restricting financial services—such as checking accounts, loans, or credit cards—based on a person's religious beliefs, free speech, opinions, or participation in lawful economic activities. The bill applies to large financial institutions that process over $100 billion in annual transactions, including their parent companies and subsidiaries. This protects individuals and businesses from losing access to banking and payment services due to discrimination based on First Amendment-protected activities.
AI-generated summary
This bill does not directly amend codified state law.
Commerce and Energy Deferred to the 41st legislative day Passed, YEAS 9, NAYS 4.
Commerce and Energy Scheduled for hearing H.J. 1
First read in House and referred to House Commerce and Energy H.J. 176
Prime sponsor · Sen
R
Dist. SD-030
Prime sponsor · Rep
R
Dist. HD-016
cosponsor · Rep
R
Dist. HD-006
cosponsor · Rep
R
Dist. HD-003
cosponsor · Rep
R
Dist. HD-009
cosponsor · Sen
R
Dist. SD-003
cosponsor · Rep
R
Dist. HD-004
cosponsor · Rep
R
Dist. HD-002
cosponsor · Rep
R
Dist. HD-018
Deferred to the 41st legislative day
Deferred to the 41st legislative day