Prohibits public contracts with entities owned or controlled by foreign adversaries for the provision of artificial intelligence technology (OR NO IMPACT See Note)

1. **ONE-SENTENCE SUMMARY:** This bill prohibits Louisiana public contracts with companies owned or controlled by foreign adversaries that provide artificial intelligence technology. 2. **KEY REQUIREMENTS:** - Ensure that any AI technology contracts with public entities do not involve companies owned or controlled by foreign adversaries. - Review and verify the ownership and control of any AI technology vendors before entering contracts. 3. **DEADLINES:** - The bill is currently introduced and does not have an effective date yet; keep an eye on legislative updates for any changes. 4. **PENALTIES:** - Contracts found to violate this prohibition may be voided, and businesses could face penalties or disqualification from future public contracts. 5. **SMB IMPACT:** Small businesses that provide AI technology must carefully assess their ownership structure and ensure compliance to avoid losing public contracts. This could limit opportunities for partnerships with government entities if they are linked to foreign adversaries.