Today, the Texas Public Policy Foundation applauds the passage of Senate Bill 1884, which will create a state list of corrupt foreign actors. This list will allow the state of Texas to issue financial sanctions, prevent state agencies from contracting with businesses linked to individuals on the list or investing pension funds with corrupt actors, and limit their access to Texas state universities. The bill now heads to the House for further consideration.
As foreign corruption becomes an increasing threat to the state of Texas, in part due to its expansive stretch of border with Mexico, this list will allow Texas to take the necessary steps to expose and punish corrupt business dealings when the federal government fails to do so.
“SB 1884 is an important first step in rooting out the foreign corruption that has been infiltrating Texas for far too long. This bill serves as a deterrent for corrupt individuals seeking to enjoy the fruits of their unlawful activities in our state,” said Melissa Ford Maldonado, policy director for TPPF’s Secure & Sovereign Texas campaign. “We commend the Senate for prioritizing Texas and Texans by taking action to combat corruption and shield our communities from its destructive effects.”