MN HF2806

State Board of Investment prohibited from making new investments in companies that boycott mining, energy production, production agriculture, or commercial lumber production, with mandatory divestment from existing holdings by July 1, 2030

"Boycott" defined as refusing to deal with or penalizing companies that don't commit to environmental standards beyond what federal and state law requires

State agencies, Minnesota State Colleges and Universities, and legislative branch entities prohibited from contracting with vendors that boycott these industries, with vendors required to certify non-boycott status and $10,000 civil penalty for violations

Banks, credit unions, financial institutions, and payment processors prohibited from discriminating against customers based on political affiliation, social credit scores, or ESG (environmental, social, governance) factors

Individuals denied financial services based on prohibited criteria may sue for injunctive relief, $10,000 civil penalty, actual damages, and attorney fees; effective date July 1, 2025