Get Foreign Money Out of U.S. Elections Act

This bill would extend the federal ban on election spending by foreign nationals to U.S. businesses that are owned or influenced by foreign nationals outside the United States. A business would be covered if one such foreign national owns 1 percent or more of it, if several together own 5 percent or more, or if foreign nationals can direct its decisions about U.S. interests or election activity. Within 7 days of any election spending, a business's top officer would have to certify to the Federal Election Commission, under penalty of perjury, that the business was not a foreign national. The bill would also apply the foreign money ban to state and local ballot measures, referendums, and recall elections, and to giving money to political committees that accept donations outside federal limits, such as super PACs. Corporate political action committees would have to certify each year that foreign nationals do not take part in their spending decisions.

Full text and official record on Congress.gov

Sponsors

• Sheldon Whitehouse Democrat sponsor
• 13 cosponsors