Rep. MAGNUSON proposes the following Amendment No. to H.4025 as introduced by Ways & Means

(Doc Name H:\LEGWORK\HOUSE\AMEND\H-WM\010\FUNDS TO ESG PRACTICES.DOCX):

EXPLANATION: Prohibits state funds to companies that engage in ESG practices.

Amend the bill, as and if amended, Part IB, Section 50, DEPARTMENT OF COMMERCE, page 403, after line 33, by adding an appropriately numbered proviso to read:

/ (CMRC: prohibition of funds to companies with esg practices) For the current fiscal year, no funds shall be dispersed on behalf of the Department of Commerce as a grant to, and/or to contract with, any company that engages in ESG (Environmental, Social, and Governance) practices that discriminate on the basis of political viewpoints, unless there is a formal plan to discontinue those activities within 2 years. The State Fiscal Accountability Authority shall review all proposed contracts and shall have authority to determine that a company is in violation of this provision, and upon such a determination, must direct the Treasurer to withhold the funding and inform the Department of Commerce that the company is ineligible to contract with the state./

Renumber sections to conform.

Amend totals and titles to conform.