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Corporate Duty to Report Foreign Funds in Campaign Communications.

This law mandates new transparency requirements for corporations regarding political campaign funding. Corporations must report to the FBI if they receive money from foreign nationals intended for political advertising, aiming to curb foreign influence in US elections. This change provides citizens with greater assurance that political communications are domestically funded.
Key points
Corporations must notify the FBI upon receiving funds from foreign nationals intended for campaign-related public communications.
Failure to report carries severe penalties, including fines up to $1,000,000 per violation.
Corporations are required to actively inquire whether received funds are for campaign purposes and whether the source is a foreign national.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_1264
Sponsor: Rep. Swalwell, Eric [D-CA-15]
Process start date: 2021-02-23
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Corporate Duty to Report Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1264.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-23.

What are the main provisions?

Key points include:

  • Corporations must notify the FBI upon receiving funds from foreign nationals intended for campaign-related public communications.
  • Failure to report carries severe penalties, including fines up to $1,000,000 per violation.
  • Corporations are required to actively inquire whether received funds are for campaign purposes and whether the source is a foreign national.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Swalwell, Eric [D-CA-15].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on House Administration.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

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Security Courts and Law