Establishes the Texas Committee on Foreign Investment to review certain foreign transactions and creates a civil penalty for violations.

The bill establishes the Texas Committee on Foreign Investment to review certain foreign transactions that may affect critical infrastructure, strategic industries, or sensitive personal data. The committee will review notices submitted by parties to a transaction and may require a mitigation agreement to address concerns. The attorney general can bring actions to recover civil penalties and enjoin violations. The bill defines terms such as "covered transaction" and "critical infrastructure." The act applies to transactions governed by contracts entered into after January 1, 2026.

Establishes the Texas Committee on Foreign Investment to review certain foreign transactions and creates a civil penalty for violations.

The bill establishes the Texas Committee on Foreign Investment to review certain foreign transactions that may affect critical infrastructure, strategic industries, or sensitive personal data. The committee will review notices submitted by parties to a transaction and may require a mitigation agreement to address concerns. The attorney general can bring actions to recover civil penalties and enjoin violations. The bill defines terms such as "covered transaction" and "critical infrastructure." The act applies to transactions governed by contracts entered into after January 1, 2026.