Bill > HB497

This bill amends the Pennsylvania Election Code by introducing new regulations on corporate political contributions, focusing primarily on restricting contributions from "foreign-influenced corporations." The bill defines a foreign-influenced corporation as one with at least 1% ownership or significant decision-making influence by foreign investors, and prohibits such corporations from making political expenditures, contributions to candidates, political committees, or political parties. Corporations must submit a certification to the Department of State within seven business days of making a contribution, signed by their chief executive officer, affirming they are not a foreign-influenced corporation. Violations can result in significant penalties, including civil fines up to $10,000 for individuals and $40,000 for corporations, potential imprisonment for up to five years, and for foreign corporations, the potential loss of their right to do business in Pennsylvania. The bill does allow some exceptions, such as corporations contributing to voter registration efforts or providing meeting facilities to political groups on a non-discriminatory basis. The Attorney General and local district attorneys have jurisdiction to prosecute violations, with the act set to take effect 60 days after its passage.

Government Affairs

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=497