Payment term set to 45 days for corporations whose stock is a federal covered security.

HF 3246 requires corporations whose stock is classified as a "federal covered security" under U.S. law to pay for goods and services within 45 days of receipt. This applies specifically to corporations meeting the federal definition in 15 U.S.C. § 77r(b), including their wholly-owned subsidiaries. The bill establishes a fixed payment deadline to standardize timing for these entities, directly affecting their financial transactions with suppliers. It does not apply to general businesses or other corporate structures outside this specific federal classification.