Parliamentary Committee on Legal Issues supports draft law on Foreign Agents Registration Act in first reading

The Parliamentary Committee on Legal Issues supported the draft law on Foreign Agents Registration Act, submitted by the Georgian Dream faction as a legislative initiative, in the first reading.

The draft law mainly regulates the following issues:

. Definitions of the concepts of an agent of a foreign principal and a foreign power;

. The issue of registering a subject as an agent of a foreign principal;

. The issue of ensuring the publicity of the application for registration as an agent of a foreign principal and other relevant documents;

. The issue of submitting an annual financial declaration by a subject registered as an agent of a foreign principal;

. The issue of canceling the registration of a subject registered as an agent of a foreign principal;

. The issue of conducting monitoring to identify an agent of a foreign principal or to verify compliance with the requirements specified in the draft law;

. The issue of imposing criminal liability for evading registration as an agent of a foreign principal or failing to comply with the relevant requirements specified in the draft law.

The initiators of the Foreign Agents Registration Act are the MPs of Georgian Dream and People's Power.

Ambassador of Korea Hyon Du KIM - Korea’s strength lies in high-tech manufacturing while Georgia’s strength is in logistics and service areas - Georgia should not be just considered as a single market but as a market that can encompass the region and beyond
Oleksii Reznikov - Russia, in reality, is a paper tiger