The Parliamentary Committee on Legal Issues considered the Foreign Agents Registration Act in the third and final hearing.

According to the representatives of the Georgian Dream faction, “the Georgian Parliament is adopting the Georgian version of the US FARA.”

The draft law regulates the issues of registering an entity as an agent of a foreign principal. The Anti-Corruption Bureau will be entrusted with the enforcement of the law.

The draft law defines the concepts of an agent of a foreign principal and a foreign power. The draft law regulates the following issues: - 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 an entity registered as an agent of a foreign principal; the issue of canceling the registration of an entity 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.

Refusal to register as an agent of a foreign principal and failure to comply with the requirements specified in the law will result in criminal liability.