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TX HB2189

TX HB2189
Relating to state contracts with and investments in certain companies that boycott energy companies.


summary

Introduced
02/24/2021
In Committee
04/06/2021
Crossed Over
Passed
Dead
05/31/2021

Introduced Session

87th Legislature Regular Session

Bill Summary

Relating to state contracts with and investments in companies that boycott certain energy companies.

AI Summary

This bill prohibits the state of Texas and its governmental entities from investing in or contracting with financial companies that boycott certain energy companies. The key provisions include: (1) defining terms like "boycott energy company," "financial company," and "state governmental entity"; (2) requiring the state comptroller to maintain a list of financial companies that boycott energy companies; (3) directing state entities to divest from and avoid investing in listed financial companies; (4) allowing state entities to delay divestment if it would result in significant financial loss; and (5) requiring state entities to include a provision in certain contracts prohibiting companies from boycotting energy companies.

Committee Categories

Government Affairs

Sponsors (5)

Last Action

Laid on the table subject to call (on 05/03/2021)

bill text


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