Prohibits State contractors from distributing data to foreign adversaries.

New Jersey's S 4275 prohibits state contractors and financial institutions from sharing data with "foreign adversaries" (defined as entities deemed a security threat by U.S. standards). It requires the Department of the Treasury to maintain a public list of entities selling data to such adversaries, making them ineligible for state contracts, subsidies, tax benefits, or certifications. Contractors must certify they aren’t on the list, and false certifications face $1 million penalties or five-year bans. The law exempts data shared under court orders, legitimate business transactions, or publicly available information. This directly affects businesses seeking state work or financial partnerships.