HB359 Prohibiting denial of banking and insurance services based on any factor that is not quantitative, impartial, and risk-based as measured by an objective standard.
Prohibiting denial of banking and insurance services based on any factor that is not quantitative, impartial, and risk-based as measured by an objective standard.
Impact Score — How Does This Bill Affect You?
Overall Impact Score
Mixed
Scale: 1 (harmful) to 10 (beneficial)
Your Wallet
May modestly lower costs for NH residents in targeted industries (fossil fuels, firearms, agriculture) and ideological groups by preventing service denial, but could increase insurance premiums if underwriting flexibility is constrained.
Your Community
No direct stated impact on schools, local services, or infrastructure; effect on community stability depends on interpretation of ESG restrictions and their application by financial institutions.
Your Freedom
Expands access to banking and insurance for individuals in specific industries and with particular beliefs by prohibiting discrimination based on non-risk factors, though it also restricts institutional autonomy in service decisions.
Status
Refer for Interim Study: Motion Adopted Voice Vote 01/07/2026 House Journal 1 P. 45
Sponsor
Travis Corcoran (R)
The Short Version
This bill prohibits banks and insurance companies from denying or canceling services based on political beliefs, religious affiliation, firearm ownership, fossil fuel industry involvement, immigration enforcement support, or ESG/DEI compliance failure—requiring all decisions be based on quantitative, risk-based standards. The bill creates new enforcement mechanisms under consumer protection law for violations.
Who's Behind This Bill?
Who Benefits
- ▲ Individuals and businesses in fossil fuel, timber, mining, and agricultural sectors denied banking services based on environmental criteria
- ▲ Firearm owners and ammunition manufacturers/distributors prevented from service denial based on lawful gun ownership
- ▲ Political speech advocates protected from denial based on political opinions or affiliations
- ▲ Individuals subject to social credit scoring based on DEI or ESG compliance
- ▲ Religious institutions claiming religious purpose (retain exemption for faith-based underwriting decisions)
Who Pays the Price
- ▼ Banks and insurers with reduced discretion in risk assessment methodologies and underwriting standards
- ▼ Potential increase in insurance costs if premium-setting flexibility is constrained by prohibition on non-quantitative factors
- ▼ Ambiguity about what constitutes 'quantitative, impartial, and risk-based' may create litigation costs for financial institutions
Bill statuses as of October 7, 2026. Check LegiScan or NH General Court for the latest.
This bill was auto-scored using AI analysis of the bill text and legislative data. Scores may be refined as we review more bills.