Senate Bill No. [insert bill number] introduces the "Louisiana First Transparency, Investing, and Reporting Act of 2025," which establishes new regulations concerning foreign agents and their interactions with government entities in Louisiana. The bill requires individuals representing foreign entities to register with the Department of State, providing detailed disclosures about their identity, the foreign entity they represent, and any financial transactions related to their activities. It also mandates monthly reporting of their interactions with government officials and contributions to political candidates or parties. Non-compliance with these registration and reporting requirements will result in significant fines, and the Attorney General or district attorneys are authorized to enforce these provisions.

In addition to the registration requirements, the bill imposes strict regulations on educational institutions receiving foreign gifts, mandating annual reporting for gifts valued at $50,000 or more, including detailed information about the gifts and their intended use. Institutions must submit copies of gift agreements, and compliance will be audited bi-annually by the internal auditor of the Board of Regents. The legislation also prohibits the state from purchasing drones or computer hardware from companies based in China, effective August 1, 2025. Overall, the bill aims to enhance transparency and accountability in dealings involving foreign entities and government functions in Louisiana.