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Ban on Foreign Money in U.S. Elections

This act aims to limit the influence of foreign entities on U.S. elections. It introduces new rules preventing foreign-controlled or significantly foreign-owned businesses, as well as political action committees, from contributing to election campaigns. This ensures that political decisions are made in the country's interest, free from foreign financial influence.
Key points
Businesses with 50% or more foreign ownership are prohibited from making election contributions.
Businesses with 1% or more foreign ownership, or those controlled by foreign nationals, also face restrictions on election funding.
Companies must now certify under penalty of perjury that they are not foreign-controlled when making election-related contributions.
Corporate political action committees must certify that their decisions are not influenced by foreign nationals.
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Expired
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Additional Information
Print number: 117_HR_6283
Sponsor: Rep. Raskin, Jamie [D-MD-8]
Process start date: 2021-12-14
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Get Foreign Money Out of U.S. Elections Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6283.

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 2021-12-14.

What are the main provisions?

Key points include:

  • Businesses with 50% or more foreign ownership are prohibited from making election contributions.
  • Businesses with 1% or more foreign ownership, or those controlled by foreign nationals, also face restrictions on election funding.
  • Companies must now certify under penalty of perjury that they are not foreign-controlled when making election-related contributions.
  • Corporate political action committees must certify that their decisions are not influenced by foreign nationals.
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. Raskin, Jamie [D-MD-8].

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 2025-12-28.

CATEGORIES

Courts and Law Economy