SB1063 - Relating to prohibiting contracts or other agreements with foreign-owned companies in connection with agricultural land.

      By: Campbell S.B. No. 1063               A BILL TO BE ENTITLED   AN ACT   relating to prohibiting contracts or other agreements with   foreign-owned companies in connection with agricultural land.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Chapter 113, Business & Commerce Code, as added   by Chapter 975 (S.B. 2116), Acts of the 87th Legislature, Regular   Session, 2021, is amended to read as follows:   CHAPTER 113.  PROHIBITION ON AGREEMENTS WITH CERTAIN FOREIGN-OWNED   COMPANIES IN CONNECTION WITH CRITICAL INFRASTRUCTURE AND   AGRICULTURAL LAND          Sec. 113.001.  DEFINITIONS. In this chapter:                (1)   "Agricultural land" means land that qualifies for   tax appraisal under Subchapter C or D, Chapter 23, Tax Code; and                      (A)   consists of no more than five   (5)   acres   of   noncontiguous land.                 (1-a)   "Company" means a sole proprietorship,   organization, association, corporation, partnership, joint   venture, limited partnership, limited liability partnership, or   limited liability company, including a wholly owned subsidiary,   majority-owned subsidiary, parent company, or affiliate of those   entities or business associations, that exists to make a profit.                (2)  "Critical infrastructure" means a communication   infrastructure system, cybersecurity system, electric grid,   hazardous waste treatment system, or water treatment facility.                (3)  "Cybersecurity" means the measures taken to   protect a computer, computer network, computer system, or other   technology infrastructure against unauthorized use or access.          Sec. 113.002.  PROHIBITED ACCESS TO CRITICAL INFRASTRUCTURE   AND AGRICULTURAL LAND. (a)   A business entity or individual may not   enter into an agreement relating to agricultural land in this state   with individuals who are foreign citizens.          (b)  A business entity may not enter into an agreement   relating to critical infrastructure or agricultural land 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 or agricultural land 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 a   foreign 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 foreign governments.                      (B)  headquartered in foreign governments.          (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 foreign country.          SECTION 2.  This Act takes effect September 1, 2025.