H.R. 4540 (111th): Prevent Foreign Influence in our Elections Act

111th Congress, 2009–2010. Text as of Jan 27, 2010 (Introduced).

Status & Summary | PDF | Source: GPO

I

111th CONGRESS

2d Session

H. R. 4540

IN THE HOUSE OF REPRESENTATIVES

January 27, 2010

(for herself, Mr. Cohen, Mr. DeFazio, Mr. Kagen, and Mrs. Lowey) 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 extend the ban on election activity by foreign nationals to election activity by domestic corporations which are subsidiaries of foreign principals.

1.

Short Title

This Act may be cited as the Prevent Foreign Influence in our Elections Act.

2.

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—

(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 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.

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