Prohibits any foreign company created under laws of foreign adversary from participating in critical infrastructure.

This bill prohibits companies created under the laws of foreign adversaries from participating in the construction, maintenance, or control of critical infrastructure within New Jersey. It defines ‘critical infrastructure’ broadly to include essential systems like power grids, water pipelines, and communication networks. The bill also establishes a definition of ‘foreign adversary’ based on U.S. Secretary of Commerce determinations of hostile foreign governments. Existing agreements are grandfathered, but any renewals that conflict with the bill’s provisions are prohibited.