HB 3172 Oklahoma House · 2026 Regular Session

Financial institutions; creating the Fair Banking Act; prohibiting discrimination in provision of financial services against persons; civil action; effective date.

HB 3172, the "Fair Banking Act," prohibits Oklahoma banks and payment processors with over $100 billion in assets from discriminating against customers based on protected religion, speech, lawful economic activity, or bias toward these factors. It requires institutions to provide a specific written explanation within 30 days if they deny, restrict, or terminate services like checking accounts, loans, or credit cards. Customers can file a civil lawsuit if they believe discrimination occurred, and the law aligns with federal credit protections while adding new safeguards. The bill excludes insurance and investment services from its scope.

Bill status passed 3 of 5 stages cleared

Introduction

Feb 2026

Committee Review

Mar 2026

House Passage

Mar 2026

Senate Passage

Governor

Introduced Feb 2, 2026 Last action Apr 21, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

Engrossed → Floor (House) · 4 edits

MODERATE

The bill was converted from an 'Engrossed' version to a 'Floor Version' for the House of Representatives, indicating it is ready for final debate and voting. The substantive legal text remains largely the same, though minor formatting adjustments and specific wording tweaks were made to the definitions of 'adverse action' and 'financial institution'.

Scope change

The bill's scope and applicability remain unchanged; it still applies to large financial institutions (banks with over $100 billion in assets or payment processors handling over $100 billion in transactions) and establishes rules for adverse action notices.

TECHNICAL

The document header was updated to reflect the 'House of Representatives - Floor Version' for the 2nd Session of the 60th Legislature (2026), replacing the previous 'Engrossed' status.

DEFINITION

The definition of 'discriminate' was slightly refined to explicitly state that protected speech includes 'any person's speech' rather than just 'any speech', and clarified that the exclusion of unprotected speech (like fraud or defamation) applies to the definition of protected activity.

The definition of 'financial institution' was adjusted to use 'One Hundred Billion Dollars' consistently in the text, removing a specific decimal notation found in the previous version.

REQUIREMENT

Minor wording changes were made regarding how a person can request an adverse action statement, specifying they can contact a 'designated account representative' in addition to a customer service representative.

Floor votes · House Mar 10, 2026

How they voted

79–18

Passed · 3 other

Total votes 100

Mar 10, 2026

D Democratic18

17 Nay 1

94% Nay

R Republican82

79 Yea 1 Nay 2

96% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 11, 2026

Introduced

First Reading

upper

Mar 11, 2026

Lower · Passed

Engrossed, signed, to Senate

lower

Mar 10, 2026

Committee

Referred for engrossment

lower

Mar 10, 2026

Lower · Passed

Third Reading, Measure passed: Ayes: 79 Nays: 17

lower

Mar 3, 2026

Lower · Passed

CR; Do Pass Government Oversight Committee

lower

Feb 18, 2026

Lower · Passed

Policy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions

lower

Feb 3, 2026

Committee

Referred to Banking, Financial Services and Pensions

lower

Feb 2, 2026

Introduced

First Reading

lower

2 primary · 0 co-sponsors