KY SB205 | 2022 | Regular Session


Completed Legislative Action
Spectrum: Partisan Bill (Republican 8-0)
Status: Passed on April 8 2022 - 100% progression
Action: 2022-04-08 - signed by Governor (Acts Ch. 120)
Text: Latest bill text (Chaptered) [PDF]


Create new sections of KRS Chapter 41 to declare findings regarding the financial harms of boycotting energy companies for dealing in fossil-fuel based energy; define terms; require the State Treasurer to publish, maintain, and update a list of financial companies engaged in energy company boycotts and to file the list with the Legislative Research Commission and the Attorney General; require state governmental entities to notify the Treasurer of the listed financial companies in which the state governmental entity owns direct or indirect holdings; require state governmental entities to inform and warn listed financial companies that they may become subject to divestment by the state governmental agency unless they clarify their actions or cease their energy company boycott; require state governmental entities to divest from the listed financial company if it does not cease its energy company boycott in the timeframes established by the section; provide for delays in the divestment schedule if it will result in a loss of value or a benchmark deviation; require for delays in divestment to be reported to the Treasurer, the Legislative Research Commission, and the Attorney General; provide that a state governmental entity shall not be required to divest from any holdings in actively or passively managed investment funds or private equity funds; provide for exceptions from divestment requirements; require that beginning on December 1, 2023, and each December 1 thereafter, each state governmental agency shall file a report with the Treasurer, the Attorney General, and the Legislative Research Commission identifying the divestments it made and the investments prohibited under the Act; allow the Attorney General or the Treasurer to enforce Sections 1 to 4 and 5 of the Act; prohibit a governmental entity from entering into a contract for goods or services with a company that engages in energy company boycotts; provide exceptions; amend KRS 286.2-015 to conform.

Tracking Information

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AN ACT relating to state dealings with companies that engage in energy company boycotts.


Roll Calls

2022-03-29 - Senate - Senate: Third Reading RSN# 2265 (Y: 29 N: 6 NV: 0 Abs: 3) [PASS]
2022-03-24 - House - House: Third Reading RCS# 383 (Y: 73 N: 22 NV: 0 Abs: 5) [PASS]
2022-03-07 - Senate - Senate: Third Reading W/scs1 RSN# 2099 (Y: 26 N: 5 NV: 0 Abs: 7) [PASS]


2022-04-08Senatesigned by Governor (Acts Ch. 120)
2022-03-30Senatedelivered to Governor
2022-03-30Senateenrolled, signed by Speaker of the House
2022-03-30Senateenrolled, signed by President of the Senate
2022-03-29Senatepassed 29-6
2022-03-29SenateSenate concurred in House Committee Substitute (1)
2022-03-29Senateposted for passage for concurrence in House Committee Substitute (1)
2022-03-25Senateto Rules (S)
2022-03-25Senatereceived in Senate
2022-03-24House3rd reading, passed 73-22 with Committee Substitute (1)
2022-03-24Houseplaced in the Orders of the Day
2022-03-24Housetaken from Rules
2022-03-24Housereported favorably, to Rules with Committee Substitute (1)
2022-03-22Housereturned to Natural Resources & Energy (H)
2022-03-22House2nd reading
2022-03-22Housetaken from Natural Resources & Energy (H)
2022-03-21Housereturned to Natural Resources & Energy (H)
2022-03-21House1st reading
2022-03-21Housetaken from Natural Resources & Energy (H)
2022-03-16Houseto Natural Resources & Energy (H)
2022-03-08Houseto Committee on Committees (H)
2022-03-08Housereceived in House
2022-03-07Senate3rd reading, passed 26-5 with Committee Substitute (1)
2022-03-03Senateposted for passage in the Regular Orders of the Day for Monday, March 07, 2022
2022-03-03Senate2nd reading, to Rules
2022-03-02Senatereported favorably, 1st reading, to Calendar with Committee Substitute (1)
2022-02-24Senateto Natural Resources & Energy (S)
2022-02-22Senateto Committee on Committees (S)
2022-02-22Senateintroduced in Senate


Kentucky State Sources

Bill Comments