HB37

Louisiana HB37 prohibits foreign entities from conducting expropriation activities within the state.

Louisiana HB37 amends existing law to prohibit expropriation by foreign entities in certain circumstances. Specifically, the bill prohibits expropriation by any foreign corporation, limited liability company, or other legal entity not incorporated or registered under the laws of any U.S. state or territory, or the District of Columbia. Additionally, it prohibits expropriation by foreign entities whose country of primary ownership or incorporation does not have a reciprocal expropriation agreement with the United States.