AN ACT relating to adversarial foreign transactions in the Commonwealth.

Create a new section of KRS Chapter 39G to define "center," "executive director," "foreign enterprise," and "resident of the Commonwealth"; prohibit a resident of the Commonwealth from engaging in a transaction with a foreign enterprise if the transaction would result in foreign control of intellectual property, infrastructure, technology, or assets critical to the economic security of the Commonwealth, obstruction of counter-intelligence efforts, or would compromise the economic security of the Commonwealth; require the Kentucky Intelligence…

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This bill would prohibit Kentucky residents from entering into business deals with foreign companies if those deals could give foreign interests control over critical technology, infrastructure, or assets important to Kentucky's economic security. It sets up a formal review and investigation process through the Kentucky Intelligence Fusion Center, which would assess these transactions, report threats to the Attorney General and the Office of Homeland Security, and brief legislative leaders at least twice a year. Certain…

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