Establishes the Texas Committee on Foreign Investment to review certain foreign transactions and create civil penalties.

The bill establishes the Texas Committee on Foreign Investment to review certain foreign transactions involving critical infrastructure, agricultural land, sensitive personal data, or strategic industries. The committee reviews transactions exceeding certain dollar values or ownership percentages. The governor, in consultation with the committee, adopts criteria for determining which transactions are subject to review and may exempt certain transactions. The attorney general conducts reviews and investigations, submits reports to the committee, and may propose mitigation agreements.

Establishes the Texas Committee on Foreign Investment to review certain foreign transactions and create civil penalties.

The bill establishes the Texas Committee on Foreign Investment to review certain foreign transactions involving critical infrastructure, agricultural land, sensitive personal data, or strategic industries. The committee reviews transactions exceeding certain dollar values or ownership percentages. The governor, in consultation with the committee, adopts criteria for determining which transactions are subject to review and may exempt certain transactions. The attorney general conducts reviews and investigations, submits reports to the committee, and may propose mitigation agreements.