Senate Bill No. by Senator Miguez proposes the "Louisiana First Transparency, Investing, and Reporting Act of 2025," which aims to regulate foreign agents operating in Louisiana. The bill establishes registration and reporting requirements for individuals representing foreign entities, mandating them to disclose their identity, the foreign entity they represent, and details of their interactions with state officials. Monthly reports are required, detailing meetings with government employees, expenditures, and any gifts received, with significant fines for non-compliance. The Attorney General and district attorneys are authorized to prosecute violations, enhancing accountability in government functions related to foreign interactions.

Furthermore, the legislation disqualifies foreign corporations linked to adversarial countries from receiving economic development incentives and mandates that solar energy projects utilize U.S.-made solar panels for state or local funding eligibility. Educational institutions must report foreign gifts valued at $50,000 or more, with penalties for failure to comply. The bill also prohibits state entities from purchasing drones or computer hardware from Chinese companies and ensures public transparency by making all reports accessible online. The act is set to take effect on August 1, 2025.