The proposed bill, SB1006, mandates the State Board of Investment (BOI) to identify U.S. companies that support or invest in organizations advocating for abortions for minors or promoting sexually explicit material in K-12 education. The State Treasurer is required to divest from these identified companies based on public information. The bill also requires the BOI to adopt a policy that includes procedures for identifying such companies, communicating findings to relevant federal officials, and outlining the divestment process.

In contrast to current law, which primarily addresses divestment related to terrorism, this bill expands the scope to include companies involved in abortion advocacy and the distribution of sexually explicit materials to minors. Additionally, it introduces a detailed definition of "sexually explicit material" and specifies the processes for identifying and divesting from these companies, thereby enhancing the state's investment policies concerning ethical considerations related to minors.

Statutes affected:
Introduced Version: 35-323, 35-392, 35-323.01, 35-326, 11-635
Senate Engrossed Version: 35-323, 35-392, 35-323.01, 35-326, 11-635