Oklahoma SB997 establishes the Procurement Protection Act of 2025, prohibiting certain companies from bidding on state contracts.
Oklahoma SB997, known as the Procurement Protection Act of 2025, aims to safeguard state procurement processes by barring companies with specific ties to foreign adversaries from bidding on state contracts. Companies are ineligible if they have business operations with military entities, state-owned enterprises, or federally banned corporations within the last 60 months. Exceptions exist if no other reasonable procurement options are available. Companies must disclose past business operations with foreign adversaries, and failure to do so can result in penalties.
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