S.2954 - Prohibiting Foreign Influence in American Elections Act111th Congress (2009-2010)
|Sponsor:||Sen. Menendez, Robert [D-NJ] (Introduced 01/26/2010)|
|Committees:||Senate - Rules and Administration|
|Latest Action:||01/26/2010 Read twice and referred to the Committee on Rules and Administration. (All Actions)|
This bill has the status Introduced
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Summary: S.2954 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in Senate (01/26/2010)
Prohibiting Foreign Influence in American Elections Act - Amends the Federal Election Campaign Act of 1971 to apply the ban on contributions and expenditures by foreign nations in connection with a federal, state, or local election to domestic corporations with respect to which: (1) one or more foreign principals serves on the board of directors; (2) one or more foreign principals directly or indirectly has an ownership interest; or (3) one or more foreign principals directly or indirectly holds debt or other obligations.
Applies the ban to domestic corporations that are subsidiaries of foreign corporations.