SB3456

Procurement Protection Act restricts state contracts to exclude certain foreign adversary companies and federally banned corporations.

The Procurement Protection Act aims to ensure that suppliers to the State and its political subdivisions are safe and free from undue influence from foreign adversaries. It prohibits companies domiciled in foreign adversaries or federally banned corporations from bidding on state contracts. Companies must certify that they have not engaged in business operations with foreign adversaries or banned corporations within the past 24 months. False certifications result in civil penalties, contract termination, and a 60-month bidding ban.