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Senate Amendment 4
H 5538 - Session 126 (2025-2026)
Guarantee Banking Act
Senator Hutto proposes the following amendment (SMIN-5538.MW0003S):
Amend the bill, as and if amended, SECTION 2, Section 34-47-40, by adding a subsection to read:
(6) a refusal to provide or termination of covered financial services to a person or organization if the refusal or termination is based on documented evidence that the person or organization:(a) has been designated by the United States Department of State as a foreign terrorist organization pursuant to 8 U.S.C. Section 1189, or by the United States Department of the Treasury as a specially designated national or blocked person pursuant to federal law;
(b) has been convicted in a court of competent jurisdiction of engaging in acts of terrorism, material support for terrorism, organized violent criminal activity, or hate crimes as defined by federal or state law; or
A determination made pursuant to this item must be based on objective, documented evidence and may not be based solely on a person's lawful speech, expression, beliefs, or association protected by the First Amendment.
Renumber sections to conform.
Amend title to conform.