The proposed bill would amend current statutes by introducing new provisions that prohibit businesses and governmental 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 defines key terms such as "company" and "critical infrastructure," ensuring clarity in the application of these prohibitions. The existing statutes remain unchanged, while the new language and definitions will be inserted to enhance the state's ability to safeguard critical infrastructure from foreign influence.