HB 2436 Summary

• Prohibits "covered companies" (state-owned enterprises, companies domiciled in foreign adversaries, federally banned corporations, and companies owned/controlled by foreign governments) from bidding on or entering into contracts with Arizona state agencies or political subdivisions.

• Requires all companies submitting bids or proposals for state contracts to certify they are not covered companies; false or misleading certifications result in $250,000 civil penalty or twice the contract amount (whichever is greater), contract termination, and 60-month bidding ban.

• Mandates disclosure in all state contract bids of any business operations in the preceding 24 months involving foreign adversaries, their state-owned enterprises, or companies domiciled within foreign adversary nations.

• Bars companies with business operations involving military entities, political parties, or federally banned corporations of foreign adversaries within the preceding 60 months from submitting state contract bids; violations trigger same penalties as false certifications.

• Defines "foreign adversary" to include China (including Hong Kong), Cuba, Iran, North Korea, Russia, Saudi Arabia, Syria, and Venezuela, plus any entities under their significant control or deemed by the governor.