Bill No. 500, introduced by Senators Murdock and Bullard and Representative West, aims to regulate contracts between governmental entities and companies concerning firearms. The bill defines key terms such as "ammunition," "firearm," "firearm entity," and "governmental entity," and prohibits governmental entities from entering into contracts for goods or services unless the company provides written verification that it does not discriminate against firearm entities or trade associations. This verification must confirm that the company has no practices that would discriminate against these entities during the contract's duration.

There are exceptions to this requirement for contracts with sole-source providers or when no bids are received from companies that can provide the necessary verification. The bill specifies that these provisions apply only to contracts valued at $100,000 or more and involving companies with at least ten full-time employees. Additionally, the Purchasing Division of the Office of Management and Enterprise Services is tasked with overseeing compliance with these requirements. The act is set to take effect on November 1, 2025.