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FL S0010

FL S0010
Scrutinized Companies


summary

Introduced
11/02/2023
In Committee
11/02/2023
Crossed Over
Passed
Dead
11/13/2023

Introduced Session

2023 Third Special Session

Bill Summary

Revising the definition of the term "scrutinized company"; requiring the State Board of Administration to identify and maintain the Scrutinized Companies with Activities in Iran Terrorism Sectors List; providing that companies on the Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List as of a specified date are deemed, beginning on a certain date, to be on the Scrutinized Companies with Activities in Iran Terrorism Sectors List until removed pursuant to specified procedures; providing that certain entities are ineligible to, and may not, bid on, submit a proposal for, or enter into or renew certain contracts, etc.

AI Summary

This bill revises the definition of "scrutinized company" to include companies with business operations in Iran's energy, petrochemical, financial, construction, manufacturing, textile, mining, metals, shipping, shipbuilding, or port sectors if they have failed to take substantial action. The State Board of Administration is required to identify and maintain a list of such "Scrutinized Companies with Activities in Iran Terrorism Sectors." Companies on this list are ineligible to bid on, submit proposals for, or enter into or renew certain contracts with state and local government entities. The bill also provides that companies on the existing "Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List" as of November 6, 2023 are deemed to be on the new Scrutinized Companies with Activities in Iran Terrorism Sectors List effective November 10, 2023 until removed.

Sponsors (1)

Last Action

Laid on Table, companion bill(s) passed, see HB 5-C (Ch. 2023-351) (on 11/08/2023)

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