2022 Texas Statutes
Business and Commerce Code
Title 5 - Regulation of Businesses and Services
Subtitle C - Business Operations
Chapter 113 - Prohibition on Agreements With Certain Foreign-Owned Companies in Connection With Critical Infrastructure
Section 113.002. Prohibited Access to Critical Infrastructure
Sec. 113.002. PROHIBITED ACCESS TO CRITICAL INFRASTRUCTURE. (a) A business entity may not enter into an agreement relating to critical infrastructure in this state with a company:
(1) if, under the agreement, the company would be granted direct or remote access to or control of critical infrastructure in this state, excluding access specifically allowed by the business entity for product warranty and support purposes; and
(2) if the business entity knows that the company is:
(A) owned by or the majority of stock or other ownership interest of the company is held or controlled by:
(i) individuals who are citizens of China, Iran, North Korea, Russia, or a designated country; or
(ii) a company or other entity, including a governmental entity, that is owned or controlled by citizens of or is directly controlled by the government of China, Iran, North Korea, Russia, or a designated country; or
(B) headquartered in China, Iran, North Korea, Russia, or a designated country.
(b) The prohibition described by Subsection (a) applies regardless of whether:
(1) the company's or its parent company's securities are publicly traded; or
(2) the company or its parent company is listed on a public stock exchange as:
(A) a Chinese, Iranian, North Korean, or Russian company; or
(B) a company of a designated country.
Added by Acts 2021, 87th Leg., R.S., Ch. 975 (S.B. 2116), Sec. 2, eff. June 18, 2021.
