Sponsors (80)
Official title: To amend the Federal Election Campaign Act of 1971 to apply the ban on contributions and expenditures by foreign nationals under such Act to foreign-controlled, foreign-influenced, and foreign-owned domestic business entities, and for other purposes.
Introduced July 22, 2026 by Jamie Ben Raskin · Last progress July 22, 2026
The bill strengthens protections and transparency against foreign influence in elections but does so by imposing broad compliance requirements, tight filing deadlines, and potential criminal liability for corporate officers that could raise costs and chill lawful political participation.
Voters and taxpayers will face reduced foreign influence because the bill restricts foreign-funded contributions and disbursements for federal, state, and local elections and ballot measures.
Corporations, PACs, and the public will see greater disclosure and controls because CEOs and corporate PACs must certify controls and report covered election disbursements.
Nonprofits and political committees gain a clearer compliance pathway because recipients may rely in good faith on submitted certifications and may separately designate and account for lawful funds.
Corporate officers and CEOs face increased legal risk because the bill requires certification under penalty of perjury for covered disbursements, exposing them to potential criminal liability for routine political spending.
U.S. companies, PACs, nonprofits, and political committees will face substantial new compliance costs because the bill broadly expands the definition of 'foreign national' and adds annual certifications, recordkeeping, segregation, and other administrative requirements.
Smaller entities and recipients will be burdened administratively because the seven-day certification filing deadline plus segregation/recordkeeping rules are tight and may be difficult for small businesses and nonprofits to meet.
Based on analysis of 3 sections of legislative text.
Treats certain U.S. entities controlled or beneficially owned by foreign nationals as foreign nationals, broadens prohibited foreign spending, and adds CEO disclosure and PAC certification requirements.
Expands the federal ban on foreign influence in U.S. elections by treating certain U.S. businesses controlled or beneficially owned by foreign nationals as foreign nationals themselves, closing gaps that allow foreign-controlled domestic entities to give money or otherwise influence campaigns. It also requires short-window disclosure by CEOs when their entity makes political disbursements and adds annual certification requirements for corporate political action committees to ensure managers and decisionmakers are U.S. persons and that foreign nationals do not participate in PAC decisionmaking.