Establishes the "climate safe and responsible bank procurement act" to create standards for purchasing bank services.

The "climate safe and responsible bank procurement act" creates standards for the purchasing of bank services. It requires banks to disclose their clean energy supply financing ratio, establish policies barring support for coal projects, and commit to phasing out fossil fuel investments. The act also mandates that the state consider these criteria when selecting banks for underwriting in bond issuances or refinancings.

Establishes the "climate safe and responsible bank procurement act" to create standards for purchasing bank services.

The "climate safe and responsible bank procurement act" creates standards for the purchasing of bank services. It requires banks to disclose their clean energy supply financing ratio, establish policies barring support for coal projects, and commit to phasing out fossil fuel investments. The act also mandates that the state consider these criteria when selecting banks for underwriting in bond issuances or refinancings.