The "Procurement Protection Act of 2025" establishes new regulations regarding state procurement contracts in Oklahoma, specifically targeting companies associated with foreign adversaries and federally banned corporations. Under the new law, companies that are state-owned enterprises of foreign adversaries, foreign adversary companies, or federally banned corporations are ineligible to bid on contracts with state agencies or political subdivisions. Additionally, companies must certify that they do not fall under these categories when submitting bids. If a company submits a false certification, it faces significant penalties, including a civil penalty of $250,000 or twice the contract amount, termination of the contract, and a ban from bidding on state contracts for 60 months.

The act also includes provisions for exceptions, allowing state agencies to contract with ineligible companies if there are no reasonable alternatives and if the contract is pre-approved by the appropriate authorities. Furthermore, bidders must disclose any business operations with foreign adversaries or federally banned corporations within the past 24 months. The act emphasizes the importance of national security and aims to mitigate risks associated with foreign influence in state procurement processes. An emergency clause is included, allowing the act to take effect immediately upon passage and approval.