Procurement Protection Act restricts contracts with companies linked to foreign adversaries or federally banned corporations.

The Procurement Protection Act aims to ensure that suppliers to the State and its political subdivisions are safe, reliable, and free from undue influence from foreign adversaries. It prohibits companies domiciled within the jurisdiction of a foreign adversary or federally banned corporations from bidding on or submitting proposals for state contracts. Each bid or offer must disclose any business operations with such entities within the past 24 months. Failure to disclose can result in a 60-month ineligibility to bid on state contracts, a civil penalty, and contract termination.

Procurement Protection Act restricts contracts with companies linked to foreign adversaries or federally banned corporations.

The Procurement Protection Act aims to ensure that suppliers to the State and its political subdivisions are safe, reliable, and free from undue influence from foreign adversaries. It prohibits companies domiciled within the jurisdiction of a foreign adversary or federally banned corporations from bidding on or submitting proposals for state contracts. Each bid or offer must disclose any business operations with such entities within the past 24 months. Failure to disclose can result in a 60-month ineligibility to bid on state contracts, a civil penalty, and contract termination.