Summary
Creates a new crime for company owners or agents who set up or use a business to hide illegal election donations from people from other countries.
What problem does this solve?
Foreign nationals are not allowed to donate to U.S. elections, but they can use secret companies to hide their activity. This bill makes it a crime for company leaders to help hide these illegal donations, punishing them with jail time or fines.
Who does this affect?
- Company owners, officers, and attorneys
- Incorporation agents
- Foreign nationals
What does this bill do?
Reference
Text:
Section:
Sec. 2(a)
Header:
Establishment of corporation to conceal election contributions and donations by foreign nationals
Creates a new federal crime
Makes it against the law for a company's owner, officer, lawyer, or agent to set up or use that company to hide illegal election donations from a foreign national.
Establishes penalties for violations
Sets the punishment for breaking this law at up to 5 years in prison, a fine, or both.
Amends federal election law
Adds a new section, Sec. 612, to Chapter 29 of title 18 of the United States Code to address this specific offense.
What is the real world impact?
•
Protects elections from foreign money
Creates a specific crime to stop people from other countries from secretly influencing U.S. elections. This helps make sure that only eligible people are involved in funding political campaigns.
When does this start?
This bill would go into effect as soon as it is signed into law.