State Board of Investment prohibited from investing in companies that boycott mining, energy production, production agriculture, or commercial lumber production; State Board of Investment required to divest from companies boycotting said industries; state agency contracts prohibited; and certain financial institution discrimination prohibited.

The bill prohibits the Minnesota State Board of Investment from putting money into companies that boycott industries like mining, energy, agriculture, or lumber production. It also requires the board to sell off any investments in such companies and bans state agencies from contracting with them. Additionally, it aims to prevent discrimination by financial institutions against these industries.

Supporters of the bill argue that it protects vital industries in Minnesota, ensuring job security and economic stability. They believe it promotes investment in sectors that are essential for the state's growth and prosperity, fostering a business-friendly environment.

Critics contend that the bill undermines corporate responsibility and free speech by penalizing companies for their ethical stances. They argue that it could limit investment opportunities and send a negative message about Minnesota's commitment to environmental and social governance.