This bill establishes a prohibition for the State of New Jersey, including all its agencies and political subdivisions, against procuring or utilizing any information or communications technologies, services, components, networks, or systems from companies that are owned, controlled by, or domiciled in foreign countries identified as posing significant cybersecurity threats. These foreign countries are determined by federal or state governmental agencies, including the United States Office of the Director of National Intelligence and the New Jersey Office of Homeland Security and Preparedness.

The intent of the bill is to safeguard the state from potential cyber attacks and espionage threats posed by certain foreign entities. By restricting the procurement of technology products and services from these identified companies, the bill aims to enhance the cybersecurity posture of New Jersey and protect its infrastructure from foreign adversaries. The act is set to take effect immediately upon enactment.