Connecticut House Bill HB06866

Connecticut 2017 Regular Session

• Introduced: 1/25/17
• Refer: 1/25/17

Caption

An Act Prohibiting State Contracting With Or Investing In Certain Persons And Businesses.

Impact

The proposed bill impacts state laws surrounding economic relationships and investments. If enacted, it would ensure that state funds are not directed towards entities that promote boycotts, divestments, or sanctions against countries regarded as allies by the U.S. Department of State. This regulation is particularly significant as it could reshape the landscape of state investment strategies and priorities, aligning them more closely with federal foreign policy objectives.

Summary

House Bill 6866, introduced by Rep. Bolinsky, proposes significant changes to how state agencies engage in contracting and investment. The bill aims to prohibit any state agency from contracting with or investing in persons or businesses that participate in activities encouraging abstention from relations with any allied nation or its businesses. Its primary goal is to prevent economic actions that could harm the diplomatic and economic ties of the United States with its allies.

Contention

While the bill may garner support from those favoring a strong commitment to allied nations, it is likely to face opposition from groups advocating for the right to boycott and exercise economic freedom. The debate surrounding HB 6866 will likely bring forth discussions on the balance between supporting international relations and ensuring fundamental economic rights within the state. Opponents may argue that such prohibitions infringe on individual and corporate freedoms to make choices based on ethical considerations regarding foreign nations.