All Roll Calls
Yes: 105 • No: 0
WyomingHB 692025 General SessionHouse
AN ACT relating to corporations, partnerships and associations; amending the grounds for administrative dissolution, revocation and forfeiture to include foreign adversary ownership or control as specified; and providing for an effective date.
Sponsored By: null Corporations
Signed by Governor
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Changes start July 1, 2025
The act takes effect July 1, 2025. From that date, the new foreign-adversary rules for corporations, LLCs, and foundations apply statewide.
LLCs and foundations can lose authority
Beginning July 1, 2025, the Secretary of State can forfeit an LLC’s or a statutory foundation’s articles and authority. This applies when, in the public interest, the entity—or any member, founder, or authorized person—is owned or controlled by someone on the U.S. Commerce Department’s “foreign adversary” list (15 C.F.R. 791.4). This does not apply if the federal Committee on Foreign Investment in the United States (CFIUS) approved the ownership or control.
Wyoming can dissolve foreign-adversary-controlled corporations
Beginning July 1, 2025, the Wyoming Secretary of State can dissolve a Wyoming corporation or revoke an out-of-state corporation’s authority. This applies when, in the public interest, the company is owned or controlled by a government or person on the U.S. Commerce Department’s “foreign adversary” list (15 C.F.R. 791.4). The state cannot use this power if the ownership or control has been approved by the federal Committee on Foreign Investment in the United States (CFIUS).
Sponsors & Cosponsors
Sponsor
null Corporations
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 2/18/2025
S 3rd Reading:Passed 31-0-0-0-0
Yes: 31 • No: 0
Senate vote • 2/12/2025
S07 - Corporations:Recommend Do Pass 5-0-0-0-0
Yes: 5 • No: 0
House vote • 1/27/2025
H 3rd Reading:Passed 61-0-1-0-0
Yes: 61 • No: 0
House vote • 1/20/2025
H07 - Corporations:Recommend Do Pass 8-0-1-0-0
Yes: 8 • No: 0
Actions Timeline
Governor Signed HEA No. 0009
2/24/2025GovernorAssigned Chapter Number 7
2/24/2025S President Signed HEA No. 0009
2/19/2025SenateS 3rd Reading:Passed 31-0-0-0-0
2/18/2025SenateAssigned Number HEA No. 0009
2/18/2025H Speaker Signed HEA No. 0009
2/18/2025HouseS 2nd Reading:Passed
2/14/2025SenateS COW:Passed
2/13/2025SenateS07 - Corporations:Recommend Do Pass 5-0-0-0-0
2/12/2025SenateS Placed on General File
2/12/2025SenateS Introduced and Referred to S07 - Corporations
2/10/2025SenateH 3rd Reading:Passed 61-0-1-0-0
1/27/2025HouseS Received for Introduction
1/27/2025SenateH 2nd Reading:Passed
1/24/2025HouseH COW:Passed
1/23/2025HouseH07 - Corporations:Recommend Do Pass 8-0-1-0-0
1/20/2025HouseH Placed on General File
1/20/2025HouseH Introduced and Referred to H07 - Corporations
1/15/2025HouseH Received for Introduction
1/2/2025HouseBill Number Assigned
12/20/2024
Bill Text
Enrolled
Introduced
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