The legislation would allow businesses in the state to deny service to LGBT individuals on the basis of religious freedom.
“I'm going to go home, and when I receive the bill, I'm going to read it and I'm going to be briefed on it," Brewer told CNN. "We have been following it. And I will make my decision in the near future."
Brewer noted that she had until Friday or Saturday to act on the bill. If she does nothing, the bill will become law.
The Arizona governor told CNN that she is weighing the concerns of the state's business community and will rely more on the letter of the law than on her gut in making her final decision.
"I have a history of deliberating and having an open dialogue on bills that are controversial, to listen to both sides of those issues, and I welcome the input, and information that they can provide to me," Brewer said. "And certainly I am pro-business, and that is what's turning our economy around, so I appreciate their input, as I appreciate the other side."
"I can assure you, as always, I'll do the right thing for the state of Arizona," she added.