The draft law “On the transparency of foreign influence” has been approved. The parliament passed the draft in the third reading with 84 votes. 30 deputies voted against. With this, the process of parliamentary consideration of the draft law has ended. The project will be submitted to the President for signature. President plans to veto, however, “Georgian Dream” has enough mandates in the parliament to overcome the veto.
The author and initiator of the “Transparency of Foreign Influence” project is the “Georgian Dream” faction.
The draft law “In order to ensure transparency” envisages the registration of such non-entrepreneurial (non-commercial) legal entities and media outlets as organizations carrying out the interests of a foreign power, the certain volume of whose income – in particular, more than 20% – is received from abroad. According to the draft law, everyone who is considered to be an “organization carrying out the interests of a foreign power” must be registered in the public register in a database with the same name. At the time of registration, it will be necessary to reflect the received income. At the same time, the organizations will have the obligation to fill in the financial declaration every year.
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