Get Foreign Money Out of U.S. Elections: New Rules for Businesses.
This law aims to block foreign money influence in federal, state, and local elections. It expands the ban on campaign financing to include US businesses significantly owned or controlled by foreign entities. It requires these businesses to file sworn certifications confirming they are not foreign-controlled when making election-related contributions, enhancing transparency and protecting the democratic process.
Key points
The ban on campaign funding (including local ballot measures) is extended to companies where foreign owners hold 1% or more of shares, or 5% in aggregate, or have influence over the entity's political decisions.
Businesses making election contributions must file a sworn statement (under penalty of perjury) certifying they are not foreign-controlled.
Corporate political action committees (PACs) must ensure that no foreign national participates in or advises on their spending decisions.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.