The proposed bill would amend current statutes by introducing new provisions that prohibit businesses and government entities in Arizona from entering into agreements involving critical infrastructure with companies that are owned or controlled by citizens or governments of China, Iran, North Korea, or Russia. Specifically, it would establish that such agreements are not permissible if the company can access or control critical infrastructure, with exceptions for product warranty and support access. Additionally, the bill allows for exemptions if the Committee on Foreign Investment in the United States (CFIUS) determines there are no unresolved national security concerns or if the citizens involved are also U.S. citizens.

Furthermore, the bill empowers the Governor, in consultation with the Department of Public Safety, to designate countries as threats to critical infrastructure. It also provides definitions for "company" and "critical infrastructure," aligning the latter with existing definitions in section 41-1801. Overall, the bill aims to enhance the security of critical infrastructure in Arizona by restricting foreign influence from specific nations deemed as threats.