The Procurement Protection Act of 2025 establishes new regulations regarding state contracts in Oklahoma, particularly focusing on the eligibility of companies that may pose a risk to national security. The bill defines key terms such as "company," "domicile," "federally banned corporation," and "foreign adversary," and outlines the criteria under which companies are deemed ineligible to bid on state contracts. Specifically, companies that are state-owned enterprises of foreign adversaries, domiciled within foreign adversaries, or classified as federally banned corporations are prohibited from participating in state procurement processes. Additionally, companies must certify that they do not fall under these categories when submitting bids.

The bill also imposes significant penalties for companies that provide false certifications, including civil penalties of up to $250,000 or twice the contract amount, termination of contracts, and a ban on bidding for a period of 60 months. Furthermore, it requires bidders to disclose any business operations with foreign adversaries or related entities within the past 24 months. Exceptions to the bidding restrictions are allowed under certain conditions, such as lack of reasonable alternatives or if not procuring the goods would pose a greater threat to the state. The act is set to take effect immediately upon passage and approval, emphasizing its urgency in protecting public safety and security.