88R8206 JES-D     By: Leo-Wilson H.B. No. 3661       A BILL TO BE ENTITLED   AN ACT   relating to the collection and publication of information regarding   the use of environmental, social, or governance scores by certain   financial institutions.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subtitle Z, Title 3, Finance Code, is amended by   adding Chapter 272 to read as follows:   CHAPTER 272. REPORTING REQUIREMENTS RELATING TO USE OF   ENVIRONMENTAL, SOCIAL, OR GOVERNANCE SCORES          Sec. 272.001.  DEFINITIONS. In this chapter:                (1)  "Environmental, social, or governance score"   means a score that is based on measuring a customer's exposure to   long-term environmental, social, and governance risks.                (2)  "Financial institution" means:                      (A)  a bank chartered under state law, including   Chapter 32;                      (B)  a savings and loan association chartered   under Chapter 62;                      (C)  a state savings bank chartered under Chapter   92;                      (D)  a credit union chartered under Chapter 122;   or                      (E)  a trust company chartered under the laws of   this state.          Sec. 272.002.  COLLECTION OF INFORMATION FROM FINANCIAL   INSTITUTIONS REGARDING USE OF ENVIRONMENTAL, SOCIAL, OR GOVERNANCE   SCORES. (a) A financial institution shall provide nonconfidential   information regarding the institution's policies for the use of   environmental, social, or governance scores to the finance   commission in the form and manner prescribed by the commission,   including whether an environmental, social, or governance score   affects the institution's determination of whether to make a loan   or other extension of credit to a customer.          (b)  A financial institution shall provide updated   information to the commission under this section if the institution   substantively changes the institution's policies regarding   environmental, social, or governance scores.          Sec. 272.003.  TRANSFER TO COMPTROLLER. The finance   commission shall provide information collected under this chapter   to the comptroller in the form and manner prescribed by the   comptroller.          Sec. 272.004.  RULES. The finance commission may adopt   rules to implement this section.          SECTION 2.  Subchapter B, Chapter 403, Government Code, is   amended by adding Section 403.0146 to read as follows:          Sec. 403.0146.  PUBLICATION OF INFORMATION REGARDING USE OF   ENVIRONMENTAL, SOCIAL, OR GOVERNANCE SCORES. (a) In this section,   "environmental, social, or governance score" and "financial   institution" have the meanings assigned by Section 272.001, Finance   Code.          (b)  The comptroller shall publish on the comptroller's   Internet website information regarding the use of environmental,   social, or governance scores by financial institutions in this   state using information collected under Chapter 272, Finance Code.   The information published must:                (1)  include a list of each financial institution that   has committed to not using environmental, social, or governance   scores in lending in this state; and                (2)  be written in language intended to be easily   understood by consumers.          SECTION 3.  This Act takes effect September 1, 2023.