The bill, HB 686, aims to enhance the disclosure requirements for lobbyists representing foreign adversaries and foreign corporations in Louisiana. It introduces definitions for "foreign adversary" and "foreign corporation," specifying that a foreign adversary includes entities identified under federal law and excludes those registered with the U.S. General Services Administration. The bill mandates that lobbyists disclose specific information, such as the name and address of the foreign adversary or corporation they represent, ownership details, and copies of financial transactions related to their lobbying activities. Additionally, it establishes that officials of foreign governments are exempt from filing disclosures for lobbying conducted on official business.

Key amendments to the bill include raising the ownership disclosure threshold from 5% to 30%, requiring lobbyists to file disclosures for foreign corporations, and creating a web portal for public access to disclosure information. The effective date for these provisions is set for January 1, 2026. The bill also retains existing laws regarding lobbyist registration and disclosure while enhancing transparency and compliance for lobbying activities involving foreign entities.

Statutes affected:
HB686 Original: 24:57(3)
HB686 Engrossed: 24:57(3)
HB686 Reengrossed: 24:57(3)
HB686 Enrolled: 24:57(3)
HB686 Act : 24:57(3)