Prohibits public entities from entering into certain contracts
If enacted, this bill would significantly impact how public entities in Missouri administer contracts, ensuring that they do not inadvertently support companies engaged in practices deemed as economic boycotts. This includes companies that refuse to deal with businesses based on their engagement in fossil fuels, firearms, or other specific industries. By mandating these certifications, the bill aims to align public spending with state-approved business activities, potentially reconfiguring market dynamics within the state.
Senate Bill 227 aims to amend Chapter 34 of Missouri statutes by laying out rules that prohibit public entities from entering into contracts with companies that are involved in economic boycotts. Specifically, it requires that any such public contracts include a certification ensuring the contractor will not engage in any form of economic boycott for the duration of the contract. The bill exempts contracts valued at less than $100,000 and those with fewer than ten employees from these requirements.
The provisions of SB227 are expected to elicit diverse opinions among stakeholders. Proponents believe it upholds economic integrity and prevents state funds from supporting companies perceived as promoting activities against certain industries. Critics, however, may argue that the bill restricts corporate freedom and could severely limit the pool of available contractors for public projects, ultimately leading to potential increases in costs and decreases in competition for state contracts.