A 2160 New York Assembly · 2025 Regular Session

Relates to divestiture of public funds in the Russian energy sector

This bill requires New York state agencies to stop contracting with companies investing over $20 million annually in Russia's energy sector (including oil, gas, and nuclear power). It mandates that state agencies verify contractors are not listed on a publicly posted "divestment list" of such companies, which the commissioner must create and update every 180 days. Companies on the list lose eligibility for state contracts unless they cease investments or qualify for specific exemptions (e.g., pre-existing contracts or critical needs). The law applies to all state procurement, including construction and services, and gives companies 90 days to contest inclusion on the list.
Bill status failed 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 15, 2025 Last action May 5, 2026
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Total actions
3
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO GOVERNMENTAL OPERATIONS
lower
Jan 15, 2025
Committee
REFERRED TO GOVERNMENTAL OPERATIONS
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Doug Smith
Doug Smith
RRepublican
NY
5