The proposed bill establishes the Foreign Adversary Fraud Office within the Attorney General's Office, which will be responsible for pursuing legal claims against entities suspected of violating consumer fraud laws related to technology produced by foreign adversaries. It also creates the Foreign Adversary Fraud Fund, which will be continuously appropriated and exempt from lapsing, allowing the Attorney General to use these funds for staffing, resources, and litigation costs. Additionally, the bill defines "foreign adversary" and "critical infrastructure," and mandates the creation of a list of critical infrastructure to assess risks associated with foreign technology.

Furthermore, the bill establishes the Foreign Adversary Technology Rip and Replace Fund, which will receive excess funds from the Fraud Fund and will be used to replace foreign adversary technology in critical infrastructure. The bill includes provisions for the administration of these funds and outlines the responsibilities of the Arizona Department of Homeland Security in managing the Rip and Replace Fund. The bill also includes appropriations of $500,000 from the state General Fund for the Fraud Fund in FY 2027 and specifies that both the Fraud Office and the Fraud Fund will be repealed after certain dates in 2030 and 2031, respectively.

Statutes affected:
Introduced Version: 41-191.14, 41-4274, 35-190