Finance & Revenue
What is happening? The Texas House Committee on State Affairs will be studying “… the impact of state government procurement of goods and services from businesses and other commercial entities owned or controlled by the Russian government or Russian nationals, and determine the need for restrictions on state government procurement. Consider the impact of any proposed procurement restrictions on state government efficiency and effectiveness and the state’s access to scientific and technological advances.”
Why is this important? Part of divestment is limiting contracts that have Russian ties.
How will this be important? It will be interesting to see if future divestment bills also have a procurement component.
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