Wyoming Legislators Fight Back Against US Banks Regulating Behavior Through “Social Credit Scores”
“What’s happening right now is pretty scary stuff,” said state Sen. Bo Biteman, R-Ranchester, during a March 11 meeting of the legislative Minerals, Business and Economic Development Committee. “We’re seeing the Communism of the Chinese Communist party, with their social credit score system, creep into the United States.”
Biteman presented a bill to the committee that would have forbidden banks and other lenders in Wyoming from using social credit scores, that is, environmental, social justice and governance performance (ESG) metrics, to turn away corporate clients or individuals.
Biteman was especially concerned with the prospect of banks discriminating against individuals based on behavioral expectations.