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

HF 653: Concerning public contracts by public funds with companies that boycott certain companies or that engage in nonpecuniary social investment policies

Died when the session ended · The General Assembly adjourned on April 19, 2024. Bills that didn’t pass both chambers died.

What it does

This bill creates new Code chapter 12K, which restricts public funds, defined as 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 from generally entering into a contract with certain companies engaged in nonpecuniary social investment or a boycott of certain companies. The bill defines “boycott of certain companies” as, without a reasonable business purpose or as otherwise required under Code chapters 12F, 12H, and 12J, to take any adverse action to penalize or limit business opportunities for companies engaging or doing business with fossil fuel-based energy, timber, mining, production agriculture, firearms, firearm parts, firearm accessories, or ammunition companies.

Sponsors

State Government committee

Cost

No fiscal note

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. March 7, 2023Filed in the House
  2. 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/HF653