Texas HB4921 restricts state funds from benefiting entities outsourcing U.S. jobs abroad.

HB4921 amends the Texas Government Code to restrict state investments and tax benefits for entities outsourcing U.S. jobs abroad. State entities cannot invest in or provide benefits to domestic private entities that created overseas jobs in the past two years, eliminating U.S. employment. The state must notify entities of benefit denials and offer reconsideration procedures. Effective September 1, 2025, this law applies to investments and benefits provided after September 1, 2026.

Texas HB4921 restricts state funds from benefiting entities outsourcing U.S. jobs abroad.

HB4921 amends the Texas Government Code to restrict state investments and tax benefits for entities outsourcing U.S. jobs abroad. State entities cannot invest in or provide benefits to domestic private entities that created overseas jobs in the past two years, eliminating U.S. employment. The state must notify entities of benefit denials and offer reconsideration procedures. Effective September 1, 2025, this law applies to investments and benefits provided after September 1, 2026.