Senate Bill No. 714 amends the Energy Discrimination Elimination Act of 2022 by redefining key terms and transferring enforcement authority to the Attorney General. The bill introduces new definitions such as "boycott energy company" and "ordinary business purpose," and requires the Attorney General to maintain a list of companies that engage in boycotts against energy companies, notifying them of their status. State governmental entities are mandated to report their holdings in these companies and follow a divestment schedule if a company continues to boycott energy companies after being notified.

Additionally, the bill removes certain legal protections previously granted to state governmental entities and their employees regarding actions taken under the act, while providing exemptions for entities whose compliance would conflict with fiduciary responsibilities. It updates statutory language, clarifies the definition of a governmental entity, and outlines conditions for contracts with companies to ensure they do not boycott energy companies. The act is set to take effect on July 1, 2025, with an emergency clause for immediate implementation upon passage.