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AR SB409

Bill

Status

Passed

3/31/2025

Primary Sponsor

Blake Johnson

Click for details

Origin

Senate

95th General Assembly (2025 Regular)

AI Summary

  • Adds "agricultural producers" to Arkansas's existing law prohibiting financial services providers from discriminating based on environmental, social, or governance (ESG) criteria, extending protections already covering energy, fossil fuel, firearms, and ammunition industries

  • Defines "agricultural producer" as any person or company engaged in crop growing, animal husbandry, or production of livestock or dairy products

  • Prohibits financial services providers from refusing to do business with or terminating relationships with agricultural producers solely based on their status as agricultural producers

  • Requires the Treasurer of State to maintain and publish a list of financial services providers that discriminate against agricultural producers based on ESG-related factors

  • Financial services providers receive 45 days written notice before being placed on the discrimination list, with 30 days to demonstrate they are not discriminating against agricultural producers

Legislative Description

To Prohibit Discrimination Of Agricultural Producers By Financial Services Providers; And To Establish The Farmer Protection Act.

Last Action

Notification that SB409 is now Act 406

3/31/2025

Committee Referrals

State Agencies and Governmental Affairs3/17/2025
State Agencies & Governmental Affairs3/10/2025

Full Bill Text

No bill text available