The bill creates an ESG Oversight Committee to compile a list of financial services providers determined to be "discriminating" against the fossil fuel, firearm, or ammunition industries.

The state, through its established conduit issuer, is eyeing new financing products to promote climate goals as its pursues $1.2 billion of federal funds.

Big national banks would be banned from state and local government contracts in Oklahoma if their policies "discriminate" against the firearm industry.

Until now, the battle over the role of ESG factors in investing has played out on the state level.

"Florida will not side with economic central planners; we will not adopt policies that threaten personal economic freedom and security," said Gov. Ron DeSantis.

The $250 million in debt being issued for Montana Renewables is equal to nearly half the state's issuance for last year.

Among the record number of bills filed in the biennial session are bills aiming to restrict or expand municipal bond issuance.

So far 12 states have enacted ESG statutes with 67 pending statues in 28 states, according to the Morgan Lewis law firm. Florida's anti-ESG bill goes farthest.

Fitch said the action "reflects the recent enactment of legislation clarifying the future operational profile of the district," formerly controlled by Disney.

Opponents warned the measures could roll back 10 years of state efforts to improve funding for the Kansas Public Employees Retirement System.