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MN SF409
MN SF409Political activities by foreign-influenced corporations prohibition, certificate of compliance, and candidate contributions acceptance prohibition
summary
Introduced
01/28/2021
01/28/2021
In Committee
01/28/2021
01/28/2021
Crossed Over
Passed
Dead
05/23/2022
05/23/2022
Introduced Session
92nd Legislature 2021-2022
Bill Summary
A bill for an act relating to campaign finance; prohibiting certain political activities by foreign-influenced corporations; requiring a certification of compliance; prohibiting candidates from accepting certain contributions; amending Minnesota Statutes 2020, sections 10A.27, subdivision 11; 211B.15, subdivisions 1, 7, 7b, by adding subdivisions.
AI Summary
This bill proposes several changes to campaign finance laws in Minnesota. It prohibits certain political activities by "foreign-influenced corporations," which are defined as corporations with significant foreign ownership or involvement in decision-making. Specifically, the bill bans these corporations from making political contributions or expenditures, endorsing or opposing candidates or ballot measures, or engaging in other political activities. It also requires corporations making political contributions or expenditures to certify that they are not foreign-influenced. The bill increases penalties for violations and expands the definition of "knowing" violations. The changes would take effect on July 1, 2021 and apply to activities occurring on or after that date.
Committee Categories
Government Affairs
Sponsors (3)
Last Action
Authors added Marty; Rest (on 02/01/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0409&ssn=0&y=2021 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF409&version=0&session=ls92&session_year=2021&session_number=0&format=pdf |
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