Democrats propose bill to limit foreign-owned companies’ election contributions
Foreign-owned companies campaign contribution ban to curb outside election influence See how the bill targets corporate money and why it could reshape U.S. politics
Democratic lawmakers have introduced a bill aimed at preventing foreignowned or foreigninfluenced U.S. companies from making political contributions, citing concerns about outside influence in American elections.
The measure was introduced by Rep. Jamie Raskin of Maryland and Sen. Sheldon Whitehouse of Rhode Island. It would set ownership thresholds to determine which corporations would be blocked from contributing to campaigns, ballot initiatives and referendums.
The proposal builds on longrunning criticism of the 2010 Citizens United Supreme Court decision and comes as foreign investment in U.S. companies has grown. It is unlikely to advance in the current Congress, where Republicans control both chambers.