Banning Foreign-Controlled Business Money from US Elections.
This bill aims to prevent business entities controlled or significantly influenced by foreign nationals or governments from funding US election campaigns (federal, state, and local). It mandates that companies making political expenditures must certify under oath that they are not foreign-controlled. This change is intended to ensure that political decisions are driven by domestic interests, increasing the integrity of the electoral process for citizens.
Key points
Extends the ban on political spending to domestic companies where foreign nationals own 1% or more, or exert control over political decision-making.
Requires CEOs of businesses making election-related disbursements to file a sworn certification confirming the entity is not foreign-controlled.
The restrictions apply to all elections, including state and local ballot initiatives, and contributions to Super PACs.
Status:
Expired
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