An Act amending the act of June 3, 1937 (P.L.1333, No.320), known as the Pennsylvania Election Code, providing for corporate political contributions; and imposing penalties.

This bill amends Pennsylvania's Election Code to regulate political spending by corporations, specifically targeting those with significant foreign ownership or influence. It defines a "foreign-influenced corporation" as one where a single foreign investor owns at least 1% of equity, multiple foreign investors collectively own 5% or more, or a foreign entity participates in political decision-making. Under the new rules, these specific corporations are prohibited from making any contributions or expenditures to support or oppose candidates, ballot measures, or political parties. To ensure compliance, any corporation making a political contribution must certify within seven days that it does not meet the foreign-influenced criteria, with penalties including fines up to $10,000 for individuals who violate these restrictions. The law explicitly excludes domestic corporations from these restrictions and does not limit news media reporting or editorial content.