< Back to H.R. 4523 (111th Congress, 2009–2010)

Text of the Save Our Democracy From Foreign Influence Act of 2010

This bill was introduced on January 26, 2010, in a previous session of Congress, but was not enacted. The text of the bill below is as of Jan 26, 2010 (Introduced).

Source: GPO

I

111th CONGRESS

2d Session

H. R. 4523

IN THE HOUSE OF REPRESENTATIVES

January 26, 2010

introduced the following bill; which was referred to the Committee on House Administration

A BILL

To amend the Federal Election Campaign Act of 1971 to apply the ban on contributions and expenditures by foreign nationals to domestic corporations whose shareholders include any foreign principals.

1.

Short Title

This Act may be cited as the Save Our Democracy From Foreign Influence Act of 2010.

2.

Application of Ban on Contributions and Expenditures by Foreign Nationals to Domestic Corporations with Foreign Shareholders

Section 319(b) of the Federal Election Campaign Act of 1971 (2 U.S.C. 441e(b)) is amended—

(1)

by striking or at the end of paragraph (1);

(2)

by striking the period at the end of paragraph (2) and inserting ; or; and

(3)

by adding at the end the following new paragraph:

(3)

a corporation (other than a foreign principal, as so defined) whose shareholders include one or more foreign principals.

.