Georgian Parliament backs Transparency Bill in 2nd reading

The Georgian Parliament has backed the “Draft Law on Transparency of Foreign Influence” in its second reading, Report informs via First Channel (1TV Georgia).

The law was passed by 106 MPs, with 83 supporting it and 23 voting against it.

The amendments provide for the registration of non-entrepreneurial (non-commercial) legal entities and media as “the organizations pursuing the interests of a foreign power” if a certain amount of their income, over 20 percent, is received from abroad.

According to the bill, everyone who is considered an “organization pursuing the interests of a foreign power” must be mandatorily registered in the state registry under the same name, reflecting the income at the registration moment.