Increased Transparency in Campaign Finance and Foreign Influence Ban
This act aims to increase transparency in election campaign finance by introducing new disclosure requirements for organizations spending money on campaigns. It also adds restrictions and prohibitions on foreign nationals' participation in election-related activities, including ballot initiatives and referenda. The changes are intended to help citizens better understand who is funding political communications and limit potential foreign influence.
Key points
Corporations, labor organizations, and other entities making campaign-related disbursements will need to disclose more information about their donors, especially those contributing larger amounts.
New rules for political advertisements require clear identification of who is paying for them, and in some cases, disclosure of top donors.
The act strengthens the prohibition on foreign nationals participating in or influencing elections, including state and local elections and ballot measures.
Requires audits and reports on illicit foreign money in federal elections.
Establishes a penalty for creating corporations to conceal foreign contributions and donations for elections.
Expired
Additional Information
Print number: 117_S_443
Sponsor: Sen. Whitehouse, Sheldon [D-RI]
Process start date: 2021-02-25