The board of the US Legislative Exchange Council last week rejected a proposed model bill that would have required states to stop doing business with companies seen as boycotting fossil fuels and related industries. Following a closed-door vote, ALEC sent the model bill to the group’s energy working group for further review.
The vote came after the American Bankers Association, state bankers associations and others defended against the proposal as it stands. “ABA and other interested stakeholders urged ALEC to reconsider this draft model policy because it undermined the organization’s own commitment to free markets and limited government,” the ABA said in press reports after the vote. “The government should not dictate business decisions to the private sector, which is what the draft model policy proposes. We appreciate the strong vote of the ALEC board to send this proposal back to the working group for reconsideration.”
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