Requires State Treasurer to divest state of financial dealings with institutions that choose not to work with certain companies or groups
Bill Primary sponsors
Filed: 1/9/2023 1:45:59 PM
To regulate envirnmental, social justice, or governance scores or metrics; and to allow the Treasurer of the State to divest the state of stocks, securities, or other obligations.
What it does
This bill requires the Treasurer to divest the state of stocks, securities, or cash funds if a financial services provider "discriminates without a reasonable purpose" against businesses in the energy, fossil fuel, firearms, or ammunition industry or makes decisions based on "the use of environmental, social justice, or other governance-related factors."
Senate: INSURANCE & COMMERCE
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