S.2959 - American Elections Act of 2010111th Congress (2009-2010)
|Sponsor:||Sen. Franken, Al [D-MN] (Introduced 01/27/2010)|
|Committees:||Senate - Rules and Administration|
|Latest Action:||Senate - 01/27/2010 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.2959 — 111th Congress (2009-2010)All Information (Except Text)
Introduced in Senate (01/27/2010)
American Elections Act of 2010 - Amends the Federal Election Campaign Act of 1971 to: (1) apply to any domestic corporation under foreign control or specified substantial foreign influence the ban on contributions and expenditures by foreign nationals in connection with a federal, state, or local election; and (2) require disclosure in certain print or broadcast communications paid for by a coporation the percentage of corporate voting shares controlled by a foreign national, or, if no such shares exist, the percentage of gross receipts that the corporation received from a foreign national in the immediately preceding fiscal year or current pro-rated fiscal year.
Requires any such broadcast communications paid for by a corporation to include an audio statement on the percentage of the corporation's shares controlled by, or of its funds that come from, foreign nationals.