Tex. Gov't Code § 2270.0124 · Subchapter C-1. GENERAL PROVISIONS RELATING TO INVESTMENTS IN COUNTRIES OF CONCERN
SCRUTINIZED COMPANIES IN COUNTRIES OF CONCERN.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by Subsection (b), a company is a scrutinized company if:
(1) the company is organized under the laws of, is headquartered in, or has its principal place of business in the territory of a country of concern;
(2) the company is controlled by a country of concern, the government of a country of concern, the ruling political party of a country of concern, or the military of a country of concern; or
(3) the majority of stock or other ownership interest of the company is held or controlled by a country of concern or individuals who are citizens of a country of concern.
(b) A scrutinized company does not include a company that:
(1) is a U.S. person, as defined by 15 C.F.R. Section 772.1; or
(2) receives not more than 50 percent of its total annual global revenue from a country of concern, regardless of whether it has one or more subsidiaries or affiliates that are companies described by Subsection (a).
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 362 (H.B. 34), Sec. 3, eff. September 1, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2270.htm
- Text hash
- sha256 86cb790bf394a7661ede148d8a026bfe80fe851aed9d43f5356e45ad5e6eef5b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 2 provisions
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