Bill > S394

This bill aims to limit political spending by foreign-influenced corporations. It defines a "foreign-influenced corporation" as one where a foreign national holds at least 5% of the equity or voting shares, or where foreign nationals collectively hold at least 20% of the equity or voting shares. The bill prohibits such foreign-influenced corporations from making independent expenditures, electioneering communications, or contributions to independent expenditure political action committees (PACs). It also requires corporations making such expenditures or contributions to certify, under penalty of perjury, that they are not foreign-influenced. Finally, the bill mandates that independent expenditure or electioneering communications include a disclaimer if any of the funds used were provided by foreign-influenced corporations.

Government Affairs

https://malegislature.gov/Bills/190/S394