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90th General Assembly · Funnel one-pager · Monday, November 9, 2026

HF 2: Relating to public contracts, public fund investing, and lending practices with certain companies that engage in economic boycotts based on environmental, social, or governance criteria, and including effective date and applicability provisions

Became HF 653 · Its progress continues under the new number.

What it does

This bill relates to public contracts, public fund investing, and lending practices with certain companies that engage in economic boycotts based on environmental, social, or governance criteria. The bill creates new Code chapter 12K, which restricts the treasurer of state, the state board of regents, the Iowa public employees’ retirement system (IPERS), the public safety peace officers’ retirement system, the statewide fire and police retirement system, and the judicial retirement system, defined as “public funds”, from entering into agreements with investment managers or proxy advisors that take action based upon improper financial factors relating to economic boycotts based on environmental, social, or governance criteria and not solely on the financial interest of participants and beneficiaries of the public fund.

Sponsors

Not listed

Cost

No fiscal note

House subcommittee · named February 20, 2023

  • Rep. Shannon Lundgren (R) · shannon.lundgren@legis.iowa.gov
  • Rep. Jeff Cooling (D) · jeff.cooling@legis.iowa.gov
  • Rep. Jon Dunwell (R)
  • Rep. Amy Nielsen (D) · amy.nielsen@legis.iowa.gov
  • Rep. John H. Wills (R) · john.wills@legis.iowa.gov

Lobbying · 9 for, 3 against

For: America First Works; Congressional Sportsmen's Foundation; Faith & Freedom Coalition; Heritage Action for America; Iowa Baptists For Biblical Values; Iowa Faith and Freedom Coalition; Iowans for Tax Relief; National Rifle Association of America; National Shooting Sports Foundation, Inc.

Against: AFSCME Iowa Council 61; Iowa Chapter of Sierra Club; Wells Fargo & Company

In plain words

  1. January 11, 2023Filed in the House and sent to the State Government committee
  2. February 20, 2023House subcommittee named: Lundgren, Cooling, Dunwell, Nielsen, Wills and J
  3. February 23, 2023Subcommittee recommended passing it with changes
  4. March 2, 2023Approved by the House committee
  5. March 7, 2023Approved by the House committee, and given a new number: HF 653
  6. March 15, 2023Withdrawn

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/90/HF2