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.

HF 2806 prohibits Minnesota's State Board of Investment from investing in or contracting with companies that boycott mining, energy production, agricultural production, or commercial lumber. It requires the Board to divest from such companies by July 2030 and bans state agencies from entering contracts with them. The bill defines "boycott" as actions targeting companies that don't exceed environmental standards beyond legal requirements. State agencies must report annually on investments and contracts affected by this law. This directly impacts Minnesota's $100+ billion investment portfolio and state procurement decisions.