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Committee amends data‑center bill to lower foreign‑ownership threshold to 50% and advances measure
Summary
The committee amended Senate Bill 431 (referred to in the hearing as '4 31') to change the foreign‑ownership threshold used to restrict certain data‑center projects; committee members took the amendment by consent and approved it on a roll call.
The House Utilities, Energy and Telecommunications Committee took action on the bill concerning data centers and foreign adversaries (referred to in committee as Senate Bill 4 31), adopting an amendment to lower the foreign‑ownership threshold and advancing the measure.
The bill would require that, after June 30, a company controlled by a foreign adversary may not construct a data center in Indiana unless the Indiana Utility Regulatory Commission and the Indiana Economic Development Corporation jointly certify that the proposed data center’s electricity use will be self‑generated and will not affect the load profile of the relevant regional transmission organization. The bill incorporates the federal list of foreign…
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