West Virginia's law requires the state to create a blacklist of financial institutions that boycott energy companies, disqualifying them from state banking contracts.

West Virginia's bill would require the state to create a blacklist of all financial institutions engaged in a boycott of the firearms industry and to use that list to determine which institutions it should refuse entering into a banking contract with. The bill would also require financial institutions to submit a written certification that they do not boycott the firearms industry.

West Virginia's 2021 law prohibits the state from entering into a contract with a company unless the contract includes a written certification that the company is not currently engaged in a boycott of Israel or territories it controls and will not engage in a boycott of Israel or territories it controls for the duration of the contract. The law does not apply to contracts valued at less than $100,000 or to companies that have fewer than 10 full-time employees.

West Virginia's bill would prohibit a financial institution from engaging in a boycott of the firearms industry and sets forth civil penalties for institutions that do so.

West Virginia's law would make it illegal for financial institutions to "discriminate" against the firearms industry.

West Virginia's law would require the state to create a blacklist of all companies that boycott Israel, disqualifying them from receiving state banking contracts.