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US HR746

US HR746
Get Foreign Money Out of U.S. Elections Act


summary

Introduced
01/24/2019
In Committee
01/24/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

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. 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.

AI Summary

This bill, the Get Foreign Money Out of U.S. Elections Act, seeks to amend the Federal Election Campaign Act of 1971 to prohibit campaign contributions and expenditures by corporations, limited liability corporations, and partnerships that are controlled, influenced, or owned by foreign nationals. The bill bans such foreign-controlled, foreign-influenced, and foreign-owned domestic entities from making donations or disbursements to political committees that accept contributions not in compliance with federal election law. The bill also requires corporate political action committees (PACs) to certify that they are not under the influence of foreign nationals in their decision-making processes before making any political contributions or expenditures.

Committee Categories

Government Affairs

Sponsors (6)

Last Action

Referred to the House Committee on House Administration. (on 01/24/2019)

bill text


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