December 15, 2021 •
Get Foreign Money Out of U.S. Elections Act Introduced in US House
On December 14, U.S. Rep. Jamie Raskin introduced the Get Foreign Money Out of U.S. Elections Act.
House Bill 6283 would prohibit political expenditures from any business entity in which a foreign directly or indirectly owns or controls or otherwise holds direct or indirect beneficial ownership of 50 percent or more of the voting shares, total equity, membership units, or other applicable ownership interests of the entity. The prohibitions would extend for domestic business entities that are foreign-owned, foreign-controlled, foreign-influenced or all three.
Previous versions of the bill were introduced in the last two sessions of Congress, but ultimately did not pass.
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