Relating to restrictions on the use of state funds to benefit private entities that outsource jobs to foreign countries.

HB 4921 restricts Texas state funds from being used to benefit private companies that moved U.S. jobs overseas. Specifically, it prohibits state investments in domestic private entities that outsourced U.S. jobs to foreign countries within the past two years (Section 2278.052), and blocks such entities from receiving state tax credits or exemptions for the same period (Section 2278.103). The law applies to state retirement systems, universities, and other state-managed funds, but excludes institutions of higher education from the tax benefit restrictions. It directly affects private businesses seeking state contracts, investments, or tax advantages by requiring them to maintain U.S. job creation.