This bill enacts a new section, R.S. 9:2717.1.1, which establishes definitions and regulations regarding the expropriation of property by private entities in Louisiana. It specifically defines "foreign adversary" as individuals or governments identified in federal regulations and maintained by the U.S. Department of the Treasury. Additionally, it defines "agent of a foreign adversary" as a juridical person that a foreign adversary can direct or influence, either through ownership or other means, including the right to vote or profit-sharing.

The legislation aims to clarify the conditions under which private entities can expropriate property, particularly in relation to foreign adversaries. By providing these definitions, the bill seeks to enhance transparency and accountability in the expropriation process, ensuring that the involvement of foreign entities is clearly understood and regulated.