OK SB997

Prohibits Oklahoma state agencies and political subdivisions from contracting with state-owned enterprises of foreign adversaries, foreign adversary companies, and federally banned corporations for goods or services

Defines foreign adversaries as China, Russia, Iran, North Korea, Cuba, Venezuela (Maduro regime), and Syria, plus any entity the Governor designates

Requires companies submitting bids to certify they are not prohibited entities; false certification triggers a civil penalty of $250,000 or twice the contract amount (whichever is greater), contract termination, and a 60-month ban from state contracting

Allows exceptions when no reasonable alternative exists and the Director of the Office of Management and Enterprise Services (or political subdivision procurement authority) pre-approves, determining non-procurement poses greater risk than the procurement itself

Takes effect immediately upon passage as an emergency measure