Bill > HB37

This bill amends existing Louisiana law to prohibit certain foreign entities from engaging in expropriation activities, which is the process of taking private property for public use, typically with compensation. Specifically, it adds new provisions stating that the laws governing expropriation will not apply to any foreign corporation, limited liability company, or other legal entity that is not incorporated or registered to do business in the United States or the District of Columbia. Furthermore, it clarifies that these laws also will not apply to any foreign entity whose country of primary ownership or incorporation lacks a reciprocal expropriation agreement with the United States, meaning their country does not have a similar agreement allowing U.S. entities to expropriate property there. These changes aim to restrict foreign entities, particularly those from countries without such agreements, from using Louisiana's expropriation powers.

Justice

https://www.legis.la.gov/legis/BillInfo.aspx?s=26rs&b=HB37&sbi=y