An Act to limit political spending by foreign-influenced corporations
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to restrict the ability of corporations with significant foreign influence to spend money on political campaigns in Massachusetts. It seeks to increase transparency and accountability regarding political contributions from entities that have ties to foreign governments or interests. The bill intends to prevent foreign influence from unduly impacting Massachusetts elections. Specifically, it would establish criteria for determining which corporations are considered ‘foreign-influenced’ and limit their political spending activities.
Key provisions
- Defines ‘foreign-influenced corporations’ based on ownership or control.
- Limits the amount of money these corporations can contribute to political campaigns.
- Requires disclosure of political spending by these corporations.
- Establishes a process for reviewing and potentially denying political spending requests from foreign-influenced corporations.
- Creates a study order to further examine the issue and potential impacts.
- Addresses potential loopholes in existing campaign finance laws.
- Requires reporting of foreign investments in Massachusetts corporations.
- Mandates a review of existing regulations to ensure effectiveness.
Who is affected
- Corporations
- Political campaigns
- Massachusetts voters
- Campaign finance regulators
- Foreign governments
Notable changes
Bill text
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Sponsors
Official sponsors from legislative records.
5 on record
Primary sponsor
Cosponsors
James B. Eldridge
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