House Bill No. 180, introduced by Representative Owen, aims to establish new definitions related to the expropriation of property by private entities. The bill enacts R.S. 9:2717.1.1, which defines "foreign adversary" as any individual or government recognized as such in 15 CFR 7.4(a) and listed in the database maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control. Additionally, it defines "agent of a foreign adversary" as a juridical person that a foreign adversary can direct or influence, either through ownership, contracts, or other means.

The bill further stipulates that any person or entity with the right to vote 50% or more of an entity's voting interests, or entitled to 50% or more of its profits, is presumed to have the power to direct the management or policies of that juridical person. This legislation seeks to clarify the parameters under which private entities may engage in expropriation, particularly in relation to foreign adversaries and their agents.