River Gee County Senator Francis S. Dopoh, has submitted a bill seeking to replace the 2010 Investment Act.
Dopoh wants the Act replaced with a framework that prioritizes Liberians participation, and sustainable growth has been submitted to the Senate for consideration.
Sen. Dopoh formally presented the Investment Amendment and Restatement Act of 2026, to Senate President Pro Tempore Nyonblee Karnga-Lawrence on May 11, 2026.
The proposed legislation aims to create a balanced legal structure that encourages responsible foreign direct investment while strengthening opportunities for Liberian-owned businesses.
The bill responds to emerging economic realities, and aligns with national development priorities.
Key objectives of the bill include promoting sustainable economic growth; expand Liberian participation in commerce and industry, and supporting industrialization, manufacturing, and domestic production.
It also seeks to strengthen national distribution and supply chains, promote fair competition, and increase employment and business opportunities for Liberians.
Other provisions focus on facilitating technology transfer and skills development, decentralizing economic activity and advance the long-term economic sovereignty and resilience.
It is guided by principles of transparency, accountability, fair competition, inclusive participation, consumer protection and national economic security.
Dopoh meanwhile, requested that the communication and accompanying bill be received for first reading, and further legislative action.
“I trust that the Senate will give this important legislative proposal its due consideration in the interest of strengthening the economy and expand opportunities for the Liberians,” Dopoh wrote.
The bill proceeded through the Senate’s legislative process, with a first reading and second reading held on the sitting of the Senate on Thursday, May 28, 2026.