To amend the Federal Election Campaign Act of 1971 to apply the ban on contributions and expenditures by foreign nationals under such Act to foreign-controlled, foreign-influenced, and foreign-owned domestic corporations, and for other purposes.
Get Foreign Money Out of U.S. Elections Act
This bill bans campaign contributions and expenditures by corporations, limited liability corporations, and partnerships that are controlled, influenced, or owned by foreign nationals.
The bill prohibits foreign nationals and such corporations, limited liability corporations, and partnerships from making disbursements to political committees that accept donations or contributions that do not comply with the limitations, prohibitions, and reporting requirements of the Federal Election Campaign Act of 1971.
Corporate political action committees may make contributions and expenditures only if they comply with limitations on the involvement of foreign nationals and such corporations, limited liability corporations, and partnerships.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 39.
Read twice and referred to the Committee on Finance.
Introduced in House
Introduced in House
Referred to the House Committee on House Administration.
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