Purchasing and Procurement - As enacted, enacts the "Tennessee Procurement Protection Act." - Amends TCA Title 4, Chapter 56.

HB 548, the "Tennessee Procurement Protection Act," prohibits state agencies and local governments from purchasing goods or services from companies based in countries designated as "foreign adversaries" by the U.S. Commerce Department. It requires bidders to certify they are not foreign adversary companies and imposes penalties - including $250,000 fines or contract termination - for false certifications. The law allows exceptions only if no alternatives exist and the department approves the contract after assessing risks. This directly affects suppliers seeking state contracts and state agencies managing procurement processes.