Define and criminalize de-banking

This bill (LC 2860) aimed to define "de-banking" as a criminal offense and establish penalties for financial institutions that abruptly terminate business relationships without cause. It would have directly affected banks, credit unions, and their business customers, particularly small businesses or vulnerable entities facing sudden account closures. However, the bill never progressed beyond the drafting stage, as it "died in process" on May 27, 2025, after being assigned to a drafter in December 2024. No specific provisions or mechanisms were finalized, and no legislative action was taken. The bill remains inactive with no further details available.