Bill > SB0431

This bill establishes new regulations for data center construction by foreign companies in Indiana, effective July 1, 2025. The bill defines several key terms, including "data center" (a facility primarily used for storing, managing, and processing digital data with extensive technological infrastructure), "foreign company" (a company that is at least 50% owned by a foreign adversary or headquartered in a country with a foreign adversary government), and references two regional transmission organizations: MISO (Midcontinent Independent System Operator) and PJM (PJM Interconnection, LLC). The core provision prohibits a foreign company from constructing a data center in Indiana after June 30, 2025, unless the Indiana Utility Regulatory Commission and the Indiana Economic Development Corporation jointly conduct a study of the proposed data center's electricity usage and certify to the governor and state legislature that the electricity will be entirely self-generated and will not impact the load supply of MISO or PJM. This bill appears designed to protect Indiana's electricity infrastructure and potentially limit technology investments from countries considered potential national security risks.