,i #aafth ,,congress #ast ,session ,h4 ,r4 #gdf ,,in ,,the ,,house ,,of ,,representatives ,january #bd1 #bjai,mr4 ,raskin 7for himself and ,ms4 ,spanberger7 introduced the following bill2 which was referred to the ,committee on ,house ,administration ,a ,,bill ,to amend the ,federal ,election ,campaign ,act of #aiga to apply the ban on contributions and expenditures by foreign nationals under such ,act to foreign-controlled1 foreign-influenced1 and foreign-owned domestic corporations1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,get ,foreign ,money ,out of ,u4,s4 ,elections ,act4 #b4 ,application of ban on contributions and expenditures by foreign nationals to domestic corporations1 limited liability corporations1 and partnerships that are foreign-controlled1 foreign-influenced1 and foreign-owned 7a7 ,application of ban ,section #cai7;b7 of the ,federal ,election ,campaign ,act of #aiga 7#eb ,u4,s4,c4 #cjaba7;b77 is amended-- 7#a7 by striking or at the end of paragraph 7#a72 7#b7 by striking the period at the end of paragraph 7#b7 and inserting 2 or2 and 7#c7 by adding at the end the following new paragraph3 7#c7 any corporation1 limited liability corporation1 or partnership which is not a foreign national described in paragraph 7#a7 and-- 7,a7 in which a foreign national described in paragraph 7#a7 or 7#b7 directly or indirectly owns or controls-- 7i7 #e percent or more of the voting shares1 if the foreign national is a foreign country1 a foreign government official1 or a corporation principally owned or controlled by a foreign country or foreign government official2 or 7ii7 #bj percent or more of the voting shares1 if the foreign national is not described in clause 7i72 7,b7 in which two or more foreign nationals described in paragraph 7#a7 or 7#b71 each of whom owns or controls at least #e percent of the voting shares1 directly or indirectly own or control #ej percent or more of the voting shares2 7,c7 over which one or more foreign nationals described in paragraph 7#a7 or 7#b7 has the power to direct1 dictate1 or control the decisionmaking process of the corporation1 limited liability corporation1 or partnership with respect to its interests in the ,united ,states2 or 7,d7 over which one or more foreign nationals described in paragraph 7#a7 or 7#b7 has the power to direct1 dictate1 or control the decisionmaking process of the corporation1 limited liability corporation1 or partnership with respect to activities in connection with a ,federal1 ,state1 or local election1 including-- 7i7 the making of a contribution1 donation1 expenditure1 independent expenditure1 or disbursement for an electioneering communication 7within the meaning of section #cjd7;f77#c772 or 7ii7 the administration of a political committee established or maintained by the corporation4 4 7b7 ,certification of compliance ,section #cai of such ,act 7#eb ,u4,s4,c4 #cjaba7 is amended by adding at the end the following new subsection3 7c7 ,certification of compliance required prior ,to carrying out activity ,prior to the making in connection with an election for ,federal office of any contribution1 donation1 expenditure1 independent expenditure1 or disbursement for an electioneering communication by a corporation1 limited liability corporation1 or partnership during a year1 the chief executive officer of the corporation1 limited liability corporation1 or partnership 7or1 if the corporation1 limited liability corporation1 or partnership does not have a chief executive officer1 the highest ranking official of the corporation1 limited liability corporation1 or partnership71 shall file a certification with the ,commission1 under penalty of perjury1 that the corporation1 limited liability corporation1 or partnership is not prohibited from carrying out such activity under subsection 7b77#c71 unless the chief executive officer has previously filed such a certification during that calendar year4 4 7c7 ,effective date ,the amendments made by this section shall take effect upon the expiration of the #ahj-;day period which begins on the date of the enactment of this ,act1 and shall take effect without regard to whether or not the ,federal ,election ,commission has promulgated regulations to carry out such amendments4 #c4 ,clarification of application of foreign money ban to certain disbursements and activities 7a7 ,application to disbursements to ,super ,p,a,cs ,section #cai7;a77#a77;,a7 of the ,federal ,election ,campaign ,act of #aiga 7#eb ,u4,s4,c4 #cjaba7;a77#a77;,a77 is amended by striking the semicolon and inserting the following3 1 including any disbursement to a political committee which accepts donations or contributions that do not comply with the limitations1 prohibitions1 and reporting requirements of this ,act 7or any disbursement to or on behalf of any account of a political committee which is established for the purpose of accepting such donations or contributions724 7b7 ,conditions under which corporate ,p,a,cs may make contributions and expenditures ,section #caf7;b7 of such ,act 7#eb ,u4,s4,c4 #cjaah7;b77 is amended by adding at the end the following new paragraph3 7#h7 ,a separate segregated fund established by a corporation may not make a contribution or expenditure during a year unless the fund has certified to the ,commission the following during the year3 7,a7 ,each individual who manages the fund1 and who is responsible for exercising decisionmaking authority for the fund1 is a citizen of the ,united ,states or is lawfully admitted for permanent residence in the ,united ,states4 7,b7 ,no foreign national under section #cai participates in any way in the decisionmaking processes of the fund with regard to contributions or expenditures under this ,act4 7,c7 ,the fund does not solicit or accept recommendations from any foreign national under section #cai with respect to the contributions or expenditures made by the fund4 7,d7 ,any member of the board of directors of the corporation who is a foreign national under section #cai abstains from voting on matters concerning the fund or its activities4 4