LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
FISCAL IMPACT STATEMENT
LS 6596 NOTE PREPARED: Feb 11, 2025
BILL NUMBER: HB 1103 BILL AMENDED: Feb 6, 2025
SUBJECT: Foreign Trade Offices.
FIRST AUTHOR: Rep. Commons BILL STATUS: As Passed House
FIRST SPONSOR: Sen. Bohacek
FUNDS AFFECTED:XGENERAL IMPACT: State
DEDICATED
FEDERAL
Summary of Legislation: This bill provides that a state agency and the Indiana Economic Development
Corporation (IEDC) may not establish an office in a country that is a foreign adversary. It also updates cross-
references to the federal code regulation's citation concerning foreign adversaries and makes a technical
correction.
Effective Date: Upon passage.
Explanation of State Expenditures: State agencies, including the IEDC, could incur expenses related to
closing any offices located in countries that are foreign adversaries. The bill’s requirements are within the
agencies’ routine administrative functions and should be able to be implemented with no additional
appropriations, assuming near customary agency staffing and resource levels.
Explanation of State Revenues:
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected: All executive branch agencies; Indiana Economic Development Corporation.
Local Agencies Affected:
Information Sources:
Fiscal Analyst: Lauren Tanselle, 317-232-9586.
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