H. R. 4540
IN THE HOUSE OF REPRESENTATIVES
January 27, 2010
Ms. DeLauro (for herself, Mr. Cohen, Mr. DeFazio, Mr. Kagen, and Mrs. Lowey) introduced the following bill; which was referred to the Committee on House Administration
To amend the Federal Election Campaign Act of 1971 to extend the ban on election activity by foreign nationals to election activity by domestic corporations which are subsidiaries of foreign principals.
This Act may be cited as the
Foreign Influence in our Elections Act.
Application of Ban on Contributions and Expenditures by Foreign Nationals to Domestic Corporations Which are Subsidiaries of Foreign Principals
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 described in paragraph (1)) with respect to which the percentage of outstanding shares controlled directly or indirectly by foreign principals is equal to or greater than 50 percent.