The Parliament’s Legal Affairs Committee will review the "Foreign Agents Registration Act" bill during its session on March 3. The discussion will take place in the first reading.

According to the bill’s initiators, the draft is a direct, word-for-word translation of the U.S. Foreign Agents Registration Act (FARA).

However, during the bill's initiation, the Parliament’s Legal Department confirmed that the Georgian-language translation contains legal and substantive inaccuracies and that the state bodies and officials defined in the bill do not align with Georgian realities.

The bill primarily regulates the following issues:

• Definitions of "foreign principal’s agent" and "foreign power";
• The process of registering an entity as a foreign principal’s agent;
• Ensuring the public disclosure of applications and other relevant documents related to registration as a foreign principal’s agent;
• The requirement for registered foreign agents to submit an annual financial declaration;
• Procedures for deregistering an entity as a foreign principal’s agent;
• Implementation of monitoring to identify foreign agents or verify compliance with the bill’s requirements;
• Criminal liability for avoiding registration as a foreign agent or failing to meet the bill’s legal obligations.

The initiators of the "Foreign Agents Registration Act" are MPs from the "Georgian Dream" and "People’s Power" factions.