This bill establishes new regulations regarding contracts between governmental entities and companies, particularly focusing on those involved in the firearms industry. It defines key terms such as "ammunition," "firearm," "firearm entity," and "governmental entity," and specifies that contracts valued at $100,000 or more, which are funded by public money, must include a written verification from the company affirming that it does not discriminate against firearm entities or trade associations. The bill prohibits governmental entities from entering into contracts with companies that do not provide this verification, with exceptions for contracts with sole-source providers or when no bids are received from compliant companies.

Additionally, the bill assigns oversight responsibilities to the Director of the Office of Management and Enterprise Services, who will ensure that the required documentation is included in state contracts. The provisions of this bill will take effect on November 1, 2025.