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Senate committee hears bill to blacklist financial providers that 'discriminate' on firearms or fossil fuels; members request fiscal analysis and broader review
Summary
HB 1307 would direct the treasurer, at the direction of the attorney general, to maintain a list of financial providers that allegedly "discriminate" against firearms, ammunition or fossil-fuel industries; sponsors said retirement-system indirect holdings were exempted, but senators pressed for fiscal-impact estimates and for expanding decision-making beyond two constitutional officers.
Senator Ricky Hill and Representative Jeff Wardlaw presented House Bill 1307, an ESG-focused measure that would require the treasurer of state, at the direction of the attorney general, to keep a list of financial institutions deemed to "discriminate" against firearms, ammunition or fossil-fuel industries and to restrict state business accordingly. "Any financial institution in Arkansas who is banking or doing business with a…
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