Constitutional amendment to prohibit the State of Nebraska from contracting with or investing in companies that have active business operations with any foreign terrorist organization or state sponsor of terrorism
Impact
The passage of LR286CA would necessitate a thorough review of existing state contracts and financial engagements with foreign companies, particularly those that may have ties to terrorism. It would require state agencies to adopt stricter vetting processes when considering business relationships and would compel policymakers to devise comprehensive strategies to ensure compliance with the amendment's provisions. This change could potentially affect various sectors, including construction, technology, and energy, where international partnerships are common.
Summary
LR286CA is a proposed constitutional amendment aimed at enhancing Nebraska's economic security by preventing the state from entering into contracts or making investments with entities that engage in business operations with foreign terrorist organizations or states that sponsor terrorism. This amendment signifies a stronger stance against international terrorism and aims to ensure that state resources do not inadvertently support such organizations, thus aligning with national security interests.
Contention
Supporters of LR286CA argue that the measure is essential for safeguarding Nebraska's interests and securing the state's economic landscape against threats posed by terrorism. However, opponents may raise concerns regarding the potential economic ramifications, particularly the possibility of reduced foreign investment and strained international relations. Critics argue that such a blanket prohibition might limit opportunities for Nebraska businesses and impede economic growth by restricting lawful trade and investment.
Notable_points
The introduction of LR286CA reflects a growing trend among state legislatures to adopt more proactive stances against terrorism financing and align local laws with national security goals. As states navigate the complexities of economic globalization, balancing security with economic growth will continue to be a contentious issue. The amendment's success will largely depend on its reception among constituents and the broader implications it may have on Nebraska's economic interactions at the international level.
Interim study to determine to what extent, if any, companies operating within or contracting with the State of Nebraska, are using environmental, social, and governance (ESG) metrics
Adopt the Foreign Adversary and Terrorist Agent Registration Act and the Crush Transnational Repression in Nebraska Act, provide requirements under the Nebraska Political Accountability and Disclosure Act for conduct relating to certain foreign entities, change provisions of the Foreign Adversary Contracting Prohibition Act, and regulate storage and remote access of genetic sequencing data
Authorize a manufacturer or wholesaler to enter into a sponsorship or advertising agreement with certain licensees or organizations under the Nebraska Liquor Control Act
Constitutional amendment to repeal provisions that prohibit a person from being denied employment because of membership in or nonmembership in a labor organization
Prohibits investment fund managers from investing the state's special funds monies in companies and in nations that support terrorism. (7/1/17) (REF NO IMPACT See Note)