An Act to limit political spending by foreign-influenced corporations

This bill restricts political spending by corporations that have significant foreign ownership or influence. It defines a "foreign-influenced corporation" as one where foreign entities hold at least one percent of equity, where multiple foreign owners hold five percent or more, or where foreign parties participate in political decision-making. Under the new rules, these corporations are prohibited from making independent expenditures, electioneering communications, or contributions to political committees and ballot question committees. Additionally, the bill requires these corporations to certify their status within seven days of any political spending and mandates that political advertisements disclose if foreign-influenced corporations funded the message.