Bill > SB997

This bill establishes the Procurement Protection Act of 2025, which aims to restrict state procurement contracts with companies from foreign adversary nations, particularly focusing on entities from countries like China, Russia, Iran, and others. The legislation creates comprehensive rules requiring companies bidding on state contracts to certify they are not owned, controlled, or domiciled in designated foreign adversary countries. Specifically, companies must disclose any business operations with foreign adversary entities in the past 24-60 months, and will be ineligible to bid on state contracts if they have significant ties to these nations. Companies found to have submitted false certifications face substantial penalties, including a $250,000 civil penalty or twice the contract amount, contract termination, and a 60-month prohibition from future state contract bidding. The bill provides a narrow exception allowing procurement from these restricted companies only if no reasonable alternative exists and the contract is pre-approved by state management authorities. The legislation defines detailed criteria for identifying "foreign adversary companies," including specific ownership, control, and operational connections to adversarial nations, with a particular emphasis on scrutinizing companies with ties to the Chinese government and Communist Party.

Government Affairs, Labor and Employment

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb997&Session=2600