CALIFORNIA LEGISLATURE— 2023–2024 REGULAR SESSION

Senate Bill
No. 637

Introduced by Senator Min

February 16, 2023

An act relating to state government.


LEGISLATIVE COUNSEL'S DIGEST


SB 637, as introduced, Min. Financial institutions doing business with firearms manufacturers: ban on doing business with the state.
Existing law prohibits certain state trust funds from making or holding investments in business firms or financial institutions that engage in specified discriminatory business practices.
This bill would state the intent of the Legislature to subsequently amend this bill to include provisions that would prohibit financial institutions that do business with gun manufacturers from doing business with the state of California.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 It is the intent of the Legislature to subsequently amend this measure to include provisions that would prohibit financial institutions that do business with firearms manufacturers from doing business with the state of California.