SB466

Louisiana SB466 amends laws on property expropriation by foreign entities, prohibiting certain foreign-owned corporations from expropriating property.

Louisiana SB466 modifies existing laws regarding property expropriation by foreign entities. It retains the authority for expropriation by the state and certain corporations, but prohibits expropriation by foreign powers, aliens, or corporations majority-owned by foreign powers, aliens, or projects approved by a multistate regional transmission organization. The bill also restricts expropriation by foreign adversaries identified by the U.S. Department of the Treasury. Property within 50 miles of a military base cannot be expropriated by these entities. The bill takes effect on August 1, 2026.