Extends the ban on foreign nationals' contributions and expenditures in U.S. elections to domestic business entities controlled or influenced by.
The Get Foreign Money Out of U.S. Elections Act amends the Federal Election Campaign Act of 1971 to extend the prohibition on foreign nationals' contributions and expenditures in U.S. elections to domestic business entities. The bill applies this ban to entities where foreign nationals own or control a certain percentage of shares or have decision-making power. It also requires these entities to certify compliance with the Act and prohibits recipients from using funds from such entities for election activities.
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