H. R. 4522
IN THE HOUSE OF REPRESENTATIVES
January 26, 2010
Mr. Pascrell (for himself, Mrs. Maloney, Mr. Foster, Mr. Johnson of Georgia, Mr. Cohen, Mr. Sires, Mr. Dingell, Mr. Rodriguez, Mr. Lance, Mr. Capuano, Mr. Holden, Mr. Lynch, Mr. Kagen, Mr. Kucinich, Mr. Towns, Mr. Boren, Mr. Al Green of Texas, Mr. Yarmuth, Mrs. McCarthy of New York, Mr. Langevin, Mr. Rothman of New Jersey, Mr. Payne, Mr. Holt, Mr. Stark, Mr. Costello, Mr. Neal of Massachusetts, Mr. Abercrombie, Mr. Conyers, Mr. Jones, and Mr. Tierney) introduced the following bill; which was referred to the Committee on House Administration
To amend the Federal Election Campaign Act of 1971 to apply the ban on contributions and expenditures by foreign nationals to domestic corporations which are owned or controlled by foreign principals.
This Act may be cited as the
Prohibiting Foreign Influence in American Elections Act.
Application of Ban on Contributions and Expenditures by Foreign Nationals to Foreign-Controlled Domestic Corporations
Section 319(b) of the Federal Election Campaign Act of 1971 (2 U.S.C. 441e(b)) is amended—
or at the end of paragraph (1);
by striking the
period at the end of paragraph (2) and inserting
by adding at the end the following new paragraph:
a corporation (other than a foreign principal, as so defined) which is a subsidiary of a foreign principal, or with respect to which—
one or more foreign principals serves on the board of directors,
one or more foreign principals directly or indirectly has an ownership interest, or
one or more foreign principals directly or indirectly holds debt or other obligations.