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HR 4540 IH
111th CONGRESS
2d Session
H. R. 4540
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.
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
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
SEC. 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.’.
U.S. Congress - Text of H.R.4540 as Introduced in House Prevent Foreign Influence in our Elections Act
