Bill > H2904

This bill aims to limit political spending by foreign-influenced corporations. The key provisions are: 1. It defines a "foreign-influenced corporation" as one where a foreign national holds 5% or more of the equity or voting shares, or foreign nationals collectively hold 20% or more of the equity or voting shares. 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 independent expenditures or electioneering communications to file a certification from the chief executive officer stating that the corporation was not a foreign-influenced corporation at the time of the expenditure or contribution. 4. It mandates that advertisements or communications funded by independent expenditures or electioneering communications must include a statement that some of the funds may have been provided by foreign-influenced corporations, unless the individual or entity making the expenditure has received certifications from all contributors that none of their funds were derived from foreign-influenced corporations.

Government Affairs

https://malegislature.gov/Bills/190/H2904