Bill > SB2859

This bill, known as the "Procurement Protection Act", prohibits certain foreign entities from bidding on or submitting proposals for contracts with state agencies or political subdivisions in Tennessee. Specifically, it prohibits bids from foreign adversary companies, federally banned corporations, or companies offering goods or services manufactured or produced by such entities. The bill also requires companies bidding on state contracts to disclose any business operations involving foreign adversaries or banned corporations within the past 24 months and to certify that they have not had such operations within the past 60 months. If a company submits false certifications, it faces civil penalties and potential contract termination, as well as ineligibility to bid on state contracts for 60 months.