Bill > SB0020

This bill establishes new restrictions on economic development partnerships with foreign adversaries in Indiana. Specifically, the bill requires the governor to terminate, by July 1, 2025, any contracts or agreements between the state and economic development partners based in or owned by foreign adversaries, as defined by federal regulations (15 CFR 791.4). Additionally, the bill prohibits the Indiana Economic Development Corporation (IEDC) from establishing foreign offices in territories of foreign adversaries, effectively limiting the IEDC's international expansion capabilities. The term "state" is broadly defined to include various government agencies, departments, and statutorily created bodies. The bill defines "foreign adversary" by referencing specific federal regulations and sets an effective date of May 15, 2025, with an emergency declaration indicating the immediate importance of the legislation. The goal appears to be protecting Indiana's economic interests by preventing potential strategic or security risks associated with partnerships with certain foreign entities.

Transportation and Infrastructure

https://iga.in.gov/legislative/2025/bills/senate/20/details