Section 25-1-1201 - Legislative findingsThe General Assembly finds that:
(1) The Communist Party of China's authoritarian governance over the People's Republic of China includes extensive and continuing efforts to destroy any meaningful distinction between the Communist Party of China, the People's Republic of China state, and commercial entities in the People's Republic of China;(2) The People's Republic of China's commercial entities are an intrinsic part of the Communist Party of China's malignant activities globally, which include the Communist Party of China's human rights abuses, military-civil fusion efforts, and military expansion;(3) Dealings with commercial entities of the People's Republic of China are less likely to be commercially sound because such entities are likely acting on noncommercial motivations and carry an increased political risk;(4) While a commercial entity of the People's Republic of China is not beyond the reach of the Communist Party of China, the People's Republic of China's state-owned entities present heightened concerns of commercial soundness;(5) Dealings with commercial entities of the People's Republic of China, and especially state-owned entities, threaten Arkansas's security, including by making accessible to the Communist Party of China and People's Republic of China's government information about the structure, operations, resources, and infrastructure of the government of Arkansas; and(6) Dealings with commercial entities of the People's Republic of China, and especially state-owned entities, threaten the privacy and security of residents of Arkansas, to the extent that they involve the personal information of such residents.Added by Act 2023, No. 758,§ 1, eff. 8/1/2023.