To amend the Federal Election Campaign Act of 1971 to treat certain foreign-owned corporations and business organizations as foreign nationals for purposes of the ban on campaign activity, to prohibit foreign-affiliated section 501(c)(4) organizations from making contributions to super PACs or disbursing funds for independent expenditures or electioneering communications, to amend the Foreign Agents Registration Act of 1938 to reform the procedures for the registration of agents of foreign principals under such Act, and for other purposes.
About This Bill
Committee
Latest Action · August 20, 2024
Referred to the Committee on the Judiciary, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The Foreign Political Influence Elimination Act of 2024 aims to prevent foreign interference in U.S. elections by closing loopholes in campaign finance and foreign agent registration laws. The bill expands the definition of "foreign nationals" prohibited from contributing to campaigns to include foreign-owned corporations and businesses with significant foreign ownership, and bans organizations receiving substantial foreign funding from donating to Super PACs or funding political advertisements. It also prohibits registered foreign agents from making direct or bundled campaign contributions. Additionally, the legislation strengthens enforcement of the Foreign Agents Registration Act by eliminating exemptions for certain lobbyists, requiring disclaimers on foreign-funded online content, establishing a dedicated enforcement unit within the Justice Department with $10 million in annual funding, and imposing civil penalties of up to $200,000 for violations. The campaign finance restrictions take effect after January 2025, while most other provisions become effective 180 days after the bill's enactment.
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