State Representative Matt Commons from Williamsport has advanced legislation aimed at protecting Indiana business interests from foreign adversaries. The bill, known as House Enrolled Act 1103, is now pending approval from the governor.
House Enrolled Act 1103 seeks to prevent the Indiana Economic Development Corporation (IEDC) and state agencies from establishing offices in countries regarded as adversarial by the U.S. Department of Commerce. These countries presently include Russia, China, North Korea, Iran, Cuba, and Venezuela.
Commons explained the intention behind the legislation: “Indiana’s low costs and business-friendly environment make it a prime location for growing industries around the world. The goal of this legislation is to ensure we are embracing economic development while protecting Hoosiers’ interests and tax dollars from countries that don’t share our values.”
This initiative follows similar legislation enacted last year, which banned individuals or entities connected to foreign adversaries, such as China, from acquiring or leasing agricultural land, as well as mineral, water, or riparian rights in Indiana. Commons remarked that the new legislation is designed to strengthen protections against potentially hostile foreign influences.
For those interested in monitoring the legislative process, further information can be found by visiting the Indiana General Assembly’s website.
