South Carolina H 4697: Firearms

Bill Text

2025-2026 Bill 4697 Text of Previous Version (Dec. 17, 2025) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 4697

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING ARTICLE 
29 TO CHAPTER 1, TITLE 1 SO AS TO PROHIBIT ALL STATE AGENCIES AND INSTITUTIONS 
AND ALL POLITICAL SUBDIVISIONS OF THE STATE FROM INVESTING, CONTRACTING, OR 
EXPENDING ANY PUBLIC FUNDS WITH CHINESE COMPANIES, AND TO PROHIBIT CERTAIN 
INCENTIVES FROM BEING AWARDED TO CHINESE COMPANIES.

Be it enacted by the 
General Assembly of the State of South Carolina:

SECTION 1. Chapter 1, Title 1 of the S.C. Code is amended by 
adding:

Article 29

Prohibition on Investments and Expenditures on China

 Section 
1-1-1910. (A) Notwithstanding any 
other provision of law, no state agency or institution thereof, including the 
State Treasurer and the Retirement System Investment Commission, nor any 
political subdivision of this State, including school districts, may invest any 
public funds, in any manner, in Chinese companies.

 (B) 
Notwithstanding any other provision of law, no state agency or institution 
thereof, or political subdivision of this State, including school districts, 
may contract with or expend any public funds with Chinese companies.

 (C) 
Notwithstanding any other provision of law, the Department of Commerce, 
including any division thereof, may not offer or award any incentive or 
development grant to any Chinese company. Further, any company who is offered 
or awarded incentives from the Department of Commerce must sign a statement 
agreeing that the company will not contract with any company prohibited from 
receiving an incentive or grant pursuant to this subsection.

 (D) 
For purposes of this section:

 (1) 
"Chinese company" means any company or development:

 (a) 
owned or controlled by a company that is owned, in whole or in part, by, or is 
a subsidiary of, a company that is owned by the People's Republic of China or 
the Chinese Communist Party; or

 (b) 
whose principal place of business is located within the People's Republic of 
China.

 (2) 
"Chinese Communist Party" includes all agencies, institutions, and 
instrumentalities of the Chinese Communist Party;

 (3) 
"Incentive" or "development grant" means tax credits, deductions, exemptions, 
exclusions, fees in lieu of taxes, monetary benefits, subsidies, rebates, 
information required by the Governmental Accounting Standards Board regarding 
economic incentives, awards from the Governor's Closing Fund, assistance from 
the State provided on a discretionary basis to attract or retain business 
operations, and other preferential tax benefits given to businesses for the 
purpose of recruitment.

 (4) 
"People's Republic of China" includes all agencies, institutions, 
instrumentalities, and political subdivisions of the People's Republic of 
China.

SECTION 2. This act takes effect upon approval 
by the Governor.

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This web page was last updated on December 17, 2025 at 01:53 PM