Prohibits South Carolina state agencies and political subdivisions from investing, contracting, or expending public funds with Chinese companies.

This bill amends the South Carolina Code to prohibit state agencies, institutions, and political subdivisions from investing, contracting, or expending public funds with Chinese companies. It also prohibits the Department of Commerce from offering incentives to companies that contract with prohibited Chinese companies. The bill defines "Chinese company" as any company owned or controlled by entities from the People's Republic of China or the Chinese Communist Party, or with a principal place of business in China.

Prohibits South Carolina state agencies and political subdivisions from investing, contracting, or expending public funds with Chinese companies.

This bill amends the South Carolina Code to prohibit state agencies, institutions, and political subdivisions from investing, contracting, or expending public funds with Chinese companies. It also prohibits the Department of Commerce from offering incentives to companies that contract with prohibited Chinese companies. The bill defines "Chinese company" as any company owned or controlled by entities from the People's Republic of China or the Chinese Communist Party, or with a principal place of business in China.