Bill > S393

This bill aims to limit political spending by foreign-influenced corporations in the United States. The key provisions are: 1. It defines "foreign-influenced corporation" as a corporation where at least 1% of the equity or voting shares are owned by a single foreign entity, or 5% or more are owned by multiple foreign entities, or a foreign entity participates in the corporation's decision-making on political activities in the U.S. 2. It prohibits foreign-influenced corporations from making independent expenditures, electioneering communication expenditures, or contributions to independent expenditure political action committees (PACs). 3. It requires corporations making such political expenditures to file a certification from the CEO, under penalty of perjury, stating the corporation was not foreign-influenced at the time of the expenditure. 4. It also requires political advertisements or communications funded by independent expenditures or electioneering communications to disclose if any of the funds used may have been provided by foreign-influenced corporations, unless the funders have received certifications from contributors that the funds were not from such corporations.

Government Affairs

https://malegislature.gov/Bills/191/S393