House Bill 4921 would restrict Texas businesses’ ability to make capital allocation decisions by penalizing companies that operate on a global scale, thereby undermining their flexibility to compete in all markets.
HB 4921 89R Coalition Letter of Opposition 5.10.2025
Texas leads the nation in job creation, population growth, and attracting business investments. Texas has the second-largest civilian workforce in the U.S., with over 15 million workers supported by extensive infrastructure and educational programs.
We have serious and well-founded concerns regarding House Bill 4921. We believe this legislation would discourage investment, increase compliance burdens, undermine existing economic development programs, and potentially harm companies engaged in legitimate international operations.