HB 3922

Harris Davila’s ESG Score Ban Skips Companies Without Shareholders

Died in committee

Verdict: Smells

SmellsInitial review

Rep. Caroline Harris DavilaRHouse 52

Both charges, and why

The hole

THE TEXT

…“person organized in a manner that includes shareholders, as that”…

Bill text, introduced version (I)

The ban covers only businesses that have shareholders. Companies organized without shareholders, such as member-owned or partnership firms, fall outside it even when they assign the same scores.

The hole

Caption mismatch

THE TEXT

…“conducts business in this state may not assign an environmental,”…

Bill text, introduced version (I)

The caption promises to prohibit the use of these scores, but the text only bars assigning one. Nothing stops a lender from using a score that someone outside the ban assigned.

Caption mismatch

Initial review · graded Oct 20, 2026 · Headline, summary and grade are analysis of the bill text, not a finding about any person · How we grade

Caption

relating to prohibiting the use of environmental, social, or governance scores.

Caption from analyzed text · version I.

Summary

Caption: prohibiting use. Bill: bars assigning. A lender can still use one assigned elsewhere.

The bill bars any business organized with shareholders that operates in Texas from assigning an environmental, social, or governance credit score to a Texas individual or family. It reaches corporations and other shareholder-based companies that build credit scores for Texas residents. A company that breaks the rule loses the right to do business in Texas, starting September 1, 2025.

Labels

Labels: NEVER GOT A HEARING. Filed Mar 6, 2025 and referred to the House Trade, Workforce & Economic Development committee. No public hearing. The bill died.

Receipt

The receipt

89R-HB3922 · 2025-03-06

SOLD BY

Rep. Caroline Harris DavilaRHouse 52

ITEM

relating to prohibiting the use of environmental, social, or governance scores.

WHAT IT DOES

Caption: prohibiting use. Bill: bars assigning. A lender can still use one assigned elsewhere.

CHARGES

[x] THE HOLEanalysis confidence 45%

THE TEXT

…“person organized in a manner that includes shareholders, as that”…

Bill text, introduced version (I)

The ban covers only businesses that have shareholders. Companies organized without shareholders, such as member-owned or partnership firms, fall outside it even when they assign the same scores.

[x] CAPTION MISMATCHanalysis confidence 50%

THE TEXT

…“conducts business in this state may not assign an environmental,”…

Bill text, introduced version (I)

The caption promises to prohibit the use of these scores, but the text only bars assigning one. Nothing stops a lender from using a score that someone outside the ban assigned.

TOTAL

No fiscal note in the loaded record.

HISTORY

Mar 6, 2025Filed
Mar 27, 2025Read first time
Mar 27, 2025Referred to Trade, Workforce & Economic Development

FILED UNDER

No verified beat found.

Smells

THANK YOU FOR CHECKING THE RECEIPT

CAMPAIGN PAID FOR BY

Caroline Harris Davila

Donors

Texans for Lawsuit Reform PAC$961K Texas Conservative Majority PAC$739K Court Reform Action for Familes Texas PAC$75K

Not tied to this bill.

Sources

The author's campaign account only. Own money and internal transfers are separate on the member page.

Derived itemized flow · Oct 27, 2024 to Oct 24, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Texans for Lawsuit Reform PAC$960,552.08

Texans for Lawsuit Reform PAC

$960,552.08

Cash: $85,000.00
Paid by others: $875,552.08
Total: $960,552.08

advertising $595,238.00mail $237,770.40polling $42,460.35fundraiser $83.33

Also funds 124 other sitting lawmakers.

Derived recipient stock · Jul 10, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Jun 23, 2025 to Oct 23, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101008087, 101031516, 101035818, 101040655, 101057099, 101067933, 101070037.

Texas Conservative Majority PAC$739,102.00

Texas Conservative Majority PAC

$739,102.00

Cash: $200,000.00
Paid by others: $539,102.00
Total: $739,102.00

canvassing $430,352.00advertising $100,000.00polling $8,750.00

Also funds 42 other sitting lawmakers.

Derived recipient stock · Jan 23, 2026 to Oct 23, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Sep 8, 2026 to Oct 23, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101067933, 101070037.

Court Reform Action for Familes Texas PAC$75,000.00

Court Reform Action for Familes Texas PAC

$75,000.00

Cash: $75,000.00
Paid by others: $0.00
Total: $75,000.00

Also funds 0 other sitting lawmakers.

Derived recipient stock · on Oct 6, 2026. State data as of Nov 4, 2026.

Name match, not a verified identity: normalized filed name and state.

Sources

Derived itemized flow · on Oct 6, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101070037.

Money

Missing data does not establish zero giving. Display amounts are rounded.

Texans for Lawsuit Reform PAC

$960,552.08

Cash: $85,000.00
Paid by others: $875,552.08
Total: $960,552.08

advertising $595,238.00mail $237,770.40polling $42,460.35fundraiser $83.33

Also funds 124 other sitting lawmakers.

Derived recipient stock · Jul 10, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Jun 23, 2025 to Oct 23, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101008087, 101031516, 101035818, 101040655, 101057099, 101067933, 101070037.

Texas Conservative Majority PAC

$739,102.00

Cash: $200,000.00
Paid by others: $539,102.00
Total: $739,102.00

canvassing $430,352.00advertising $100,000.00polling $8,750.00

Also funds 42 other sitting lawmakers.

Derived recipient stock · Jan 23, 2026 to Oct 23, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Sep 8, 2026 to Oct 23, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101067933, 101070037.

Court Reform Action for Familes Texas PAC

$75,000.00

Cash: $75,000.00
Paid by others: $0.00
Total: $75,000.00

Also funds 0 other sitting lawmakers.

Derived recipient stock · on Oct 6, 2026. State data as of Nov 4, 2026.

Name match, not a verified identity: normalized filed name and state.

Sources

Derived itemized flow · on Oct 6, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101070037.

Votes

No floor vote loaded for this bill.

Fiscal

No fiscal note in the loaded record.

How this was graded

Analysis of text version I by claude-opus-5-5, Oct 20, 2026, against the published rubric.

Sources

Texas House · Filed Mar 6, 2025

03/27/2025 H Referred to Trade, Workforce & Economic Development: Mar 27 2025 11:57AM

Texas Legislature Online · Introduced

Data snapshot Oct 26, 2026 at 4:19 AM CDT. Grades, charges, quotes and corrections follow the published record.

House committee · Trade, Workforce & Economic Development · Final status: Died in committee

Subjects

Business & Commerce--General

CREDIT SCORING

Text

The text as introduced · 211 words

89R8469 MLH-D

By: Harris Davila
H.B. No. 3922

A BILL TO BE ENTITLED

AN ACT

relating to prohibiting the use of environmental, social, or

governance scores.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Subtitle A, Title 5, Business & Commerce Code, is

amended by adding Chapter 75 to read as follows:

CHAPTER 75. PROHIBITED USE OF CERTAIN CREDIT SCORES

Sec. 75.0001. DEFINITIONS. In this chapter:

(1) "Credit score" means a number or rating derived

from an algorithm, computer application, model, or other process

that is based on information related to a customer and used to

determine a customer's creditworthiness or credit capacity.

(2) "Environmental, social, or governance score"

means a credit score that is based on measuring a customer's

exposure to long-term environmental, social, and governance risks.

Sec. 75.0002. USE OF CERTAIN CREDIT SCORES PROHIBITED. A

person organized in a manner that includes shareholders, as that

term is defined by Section 1.002, Business Organizations Code, that

conducts business in this state may not assign an environmental,

social, or governance score to an individual or family that resides

in this state.

Sec. 75.0003. VIOLATION. A person that violates Section

75.0002 may not conduct business in this state.

SECTION 2. This Act takes effect September 1, 2025.