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SC H4186

SC H4186
Prohibition of incentives


summary

Introduced
04/08/2021
In Committee
04/08/2021
Crossed Over
Passed
Dead
05/12/2022

Introduced Session

124th General Assembly

Bill Summary

Amend The Code Of Laws Of South Carolina, 1976, By Adding Section 13-1-55 So As To Prohibit The Department Of Commerce From Offering Or Awarding Incentives To Certain Companies Owned Or Controlled By The People's Republic Of China Or The Chinese Communist Party, And To Prohibit Any Company Receiving An Incentive From Contracting With Such Prohibited Companies.

AI Summary

This bill amends the South Carolina Code of Laws to prohibit the Department of Commerce from offering or awarding incentives or development grants to companies that are at least 50% owned or controlled by the People's Republic of China or the Chinese Communist Party. It also requires any company receiving incentives to agree not to contract with any prohibited companies. The bill defines "company" and "incentive" or "development grant" to include various types of economic benefits provided by the state.

Committee Categories

Budget and Finance

Sponsors (35)

Last Action

Member(s) request name added as sponsor: Daning (on 06/21/2021)

bill text


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