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MO SB1302
Bill
AI Summary
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State Treasurer must create and maintain a public "restricted financial institution list" of banks engaged in boycotts against fossil fuel, timber, mining, or agriculture industries, updating it at least annually
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Financial institutions on the restricted list may be disqualified from competitive bidding for state banking contracts, and contracts may require institutions to agree not to engage in boycotts for the contract duration
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"Boycott" is defined as refusing to deal with, terminating business with, or penalizing companies involved in fossil fuel-based energy, timber, mining, or agriculture without a reasonable business purpose
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State agencies and political subdivisions are prohibited from giving preferential treatment or discriminating against contractors based on environmental, social, and governance (ESG) scores
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Companies providing false information or violating anti-boycott contract terms face civil penalties equal to three times all state payments received for goods or services
Legislative Description
Prohibits giving preferential treatment or discrimination based upon ESG scores
Last Action
Second Read and Referred S Insurance and Banking Committee
1/27/2026