HLS 18RS-3693 ORIGINAL
2018 Regular Session
HOUSE CONCURRENT RESOL UTION NO. 99
BY REPRESENTATIVE AMEDEE
ECONOMIC DEVELOPMENT: Requests the Department of Economic Development to
study and report on commercial activities by state-owned companies or organizations
based in and subsidized by certain foreign governments and requests the state
treasurer to certify that no public funds are used to support commercial activities in
certain foreign governments
1 A CONCURRENT RESOL UTION
2To urge and request the Department of Economic Development to study predatory
3 investments and other unfair trade practices in Louisiana by state-owned companies
4 or organizations based in and subsidized by communist countries and submit a report
5 of its findings, to urge and request the state treasurer to certify that no state funds
6 have been used to support state-owned companies or organizations based in
7 communist countries and submit a report verifying that the certification was
8 performed and including any findings he deems relevant, and to request that both
9 reports be submitted to the Legislature of Louisiana not later than sixty days prior
10 to the convening of the 2019 Regular Session of the Legislature of Louisiana.
11 WHEREAS, private ownership of capital, free movement of labor, and respect for
12fundamental human rights are foundations upon which the American economy and the
13economy of Louisiana are based; and
14 WHEREAS, many of the laws and institutions developed since World War II do not
15adequately protect against the threats posed to the global economy, the economy of the
16United States, and the economy of Louisiana by the forms of "state capitalism" practiced by
17the People's Republic of China and other communist countries; and
18 WHEREAS, predatory investments, the theft of intellectual property, and unfair trade
19practices committed by companies and organizations that are subsidized by the governments
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HCR NO. 99
1of China and other communist countries cause or threaten to cause harm to companies and
2industries in the United States and the state of Louisiana including but not limited to the
3state's shellfish and chemical industries; and
4 WHEREAS, the government of the state of Louisiana provides public funds to
5encourage investment by companies and organizations in Louisiana, and such investments
6affect Louisiana's existing industries, its workers, and its economic system of free enterprise.
7 THEREFORE, BE IT RESOLVED that the Legislature of Louisiana does hereby
8urge and request the Department of Economic Development to study investments and other
9commercial activities by state-owned companies or organizations based in and subsidized
10by a communist country that are doing business in Louisiana, particularly as they relate to
11the impact such investments and commercial activities have on existing industries, worker
12safety, employment, the protection of intellectual property, and competition in the state of
13Louisiana.
14 BE IT FURTHER RESOLVED that the Department of Economic Development shall
15submit a written report of its findings to the Louisiana Legislature by not later than sixty
16days prior to the convening of the 2019 Regular Session of the Legislature.
17 BE IT FURTHER RESOLVED that the Legislature of Louisiana does hereby urge
18and request the state treasurer to certify that no public funds have been used whether through
19incentives, abatements, or any other means to support commercial activities, including
20investments, by companies or organizations that are owned in whole or in part by a foreign
21government that is identified as a communist government by the World Factbook of the
22United States Central Intelligence Agency.
23 BE IT FURTHER RESOLVED that the state treasurer shall submit a written report
24verifying that the requested certification was performed, along with any findings he deems
25relevant, to the Louisiana Legislature by not later than sixty days prior to the convening of
26the 2019 Regular Session of the Legislature.
27 BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to the
28secretary of the Department of Economic Development and the state treasurer.
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HCR NO. 99
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HCR 99 Original 2018 Regular Session Amedee
Requests the Department of Economic Development to study predatory investments and
other unfair trade practices in Louisiana by companies based in or subsidized by communist
countries and submit a report of the findings to the legislature. Requests the state treasurer
to certify that no state funds have been used to support these companies and submit a report
to the legislature. The reports are to be submitted not later than 60 days prior to the
convening of the 2019 R.S.
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