Bill

Bill > H0190


ID H0190

ID H0190
Amends existing law to require that credit unions and banks holding state funds not boycott certain industries.


summary

Introduced
02/22/2023
In Committee
03/22/2023
Crossed Over
03/02/2023
Passed
03/30/2023
Dead
Signed/Enacted/Adopted
04/06/2023

Introduced Session

2023 Regular Session

Bill Summary

CREDIT UNIONS AND BANKS -- Amends existing law to require that credit unions and banks holding state funds not boycott certain industries.

AI Summary

This bill amends existing Idaho law to require that credit unions and banks holding state funds not boycott certain industries, such as fossil fuel-based energy, timber, minerals, hydroelectric power, nuclear energy, agriculture, and firearms. The bill defines a boycott as refusing to offer financial services, terminating business, or taking other actions to penalize or limit commercial relations with an individual or organization based on their engagement in a particular business sector. The state treasurer is given the authority to revoke a credit union or bank's designation as a state depository if it is determined to be engaged in prohibited boycott activities, with appeal rights for the financial institution. The bill also provides exceptions if the state treasurer determines the requirements would be inconsistent with the treasurer's duties or the state's business needs.

Committee Categories

Government Affairs

Sponsors (46)

Joe Alfieri (R),  Chris Allgood (R),  Kevin Andrus (R),  Vito Barbieri (R),  Judy Boyle (R),  Rick Cheatum (R),  Jeff Cornilles (R),  Brent Crane (R),  Jaron Crane (R),  Sage Dixon (R),  Melissa Durrant (R),  Barbara Ehardt (R),  Jeff Ehlers (R),  Marco Erickson (R),  Rod Furniss (R),  Jacyn Gallagher (R),  Dan Garner (R),  Clay Handy (R),  Dale Hawkins (R),  Ted Hill (R),  James Holtzclaw (R),  Wendy Horman (R),  Mike Kingsley (R),  Tina Lambert (R),  Lori McCann (R),  Ron Mendive (R),  Brandon Mitchell (R),  Jason Monks (R),  Mike Moyle (R),  Jack Nelsen (R),  Joe Palmer (R),  Doug Pickett (R),  Elaine Price (R),  Jerald Raymond (R),  Jordan Redman (R),  Mark Sauter (R),  Heather Scott (R),  Charlie Shepherd (R),  Bruce Skaug (R),  Josh Tanner (R),  John Vander Woude (R),  Josh Wheeler (R),  Tony Wisniewski (R),  Kenny Wroten (R),  Julie Yamamoto (R),  Julianne Young (R), 

Other Sponsors (1)

State Affairs Committee (House)

Last Action

Reported Signed by Governor on March 31, 2023 Session Law Chapter 235 Effective: 07/01/2023 (on 04/06/2023)

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