Texas SB1063 prohibits agreements with foreign-owned companies for agricultural land and critical infrastructure.

SB1063 amends the Texas Business & Commerce Code to prohibit business entities from entering into agreements with foreign-owned companies for agricultural land and critical infrastructure. Critical infrastructure includes communication systems, cybersecurity, electric grids, hazardous waste treatment, and water treatment facilities. The bill defines a company as any business entity controlled by foreign governments or foreign citizens. The prohibition applies regardless of whether the company's securities are publicly traded or listed on a foreign stock exchange.

Texas SB1063 prohibits agreements with foreign-owned companies for agricultural land and critical infrastructure.

SB1063 amends the Texas Business & Commerce Code to prohibit business entities from entering into agreements with foreign-owned companies for agricultural land and critical infrastructure. Critical infrastructure includes communication systems, cybersecurity, electric grids, hazardous waste treatment, and water treatment facilities. The bill defines a company as any business entity controlled by foreign governments or foreign citizens. The prohibition applies regardless of whether the company's securities are publicly traded or listed on a foreign stock exchange.