WV SB112 | 2023 | Regular Session

Status

Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Introduced on January 11 2023 - 25% progression, died in committee
Action: 2023-01-11 - To Judiciary
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [HTML]

Summary

The purpose of this bill relates to financial institutions engaged in boycotts of firearms companies; defining terms; authorizing the State Treasurer to prepare, maintain, and publish a list of financial institutions engaged in boycotts of firearms companies; requiring the Treasurer to post the list on his or her website and submit the list to certain public officials; setting forth sources of information on which the Treasurer may rely on preparing the list; requiring the Treasurer to send written notice to a financial institution of its inclusion on the list; requiring the Treasurer to remove a financial institution from the list if it presents information demonstrating that it is not engaged in a boycott of firearms companies; authorizing the Treasurer to exclude financial institutions on the list from the selection process for state banking contracts; authorizing the Treasurer to refuse to enter into a banking contract with a financial institution on the list; authorizing the Treasurer to require, as a term of a banking contract, an agreement by the financial institution not to engage in a boycott of firearms companies; and limiting liability of public officials, public employees, members or employees of financial institutions for actions taken in compliance with the new code section and exempting the Investment Management Board.

Tracking Information

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Title

Relating to financial institutions engaged in boycotts of firearms companies

Sponsors


History

DateChamberAction
2023-01-11SenateTo Judiciary
2023-01-11SenateIntroduced in Senate
2023-01-11SenateTo Judiciary then Finance
2023-01-11SenateFiled for introduction

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
12116New CodeSee Bill Text

West Virginia State Sources


Bill Comments

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