The bill, HB 686, aims to enhance the transparency of lobbying activities conducted on behalf of foreign adversaries and foreign corporations in Louisiana. It introduces new 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 representing foreign adversaries or corporations must file disclosures with the Board of Ethics, detailing their activities, ownership stakes, and financial transactions. Notably, the ownership disclosure threshold is raised from 5% to 30%, and lobbyists must provide copies of all financial agreements with the represented foreign adversary.

Additionally, the bill includes provisions that exempt officials of foreign governments from filing disclosures for lobbying activities conducted on official business through embassies or consulates. It also establishes a web portal for the Board of Ethics to maintain transparency and compliance, allowing for data sharing with other states. The effective date for these changes is set for January 1, 2026. The bill reflects a commitment to increasing accountability in lobbying practices related to foreign entities while ensuring that certain registered organizations are not burdened by unnecessary disclosure requirements.

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)