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 Senate
- Passed House
- To Governor
- Became Law
Overview
This bill aims to restrict the amount of money that corporations with foreign influence can spend on political campaigns in Massachusetts. It seeks to increase transparency and prevent foreign entities from unduly influencing elections. The legislation focuses on corporations that have significant foreign ownership or control. The bill is currently under consideration by the Senate Committee on Ways and Means.
Key provisions
- Limits political contributions from corporations with foreign ownership.
- Requires disclosure of foreign influence in corporate political spending.
- Defines ‘foreign influence’ for the purposes of the bill.
- Establishes a process for reviewing and potentially denying contributions from affected corporations.
- Creates a reporting requirement for corporations engaging in political spending.
- Specifies penalties for non-compliance.
Who is affected
- Corporations
- Political campaigns
- Massachusetts voters
- Foreign investors
- Businesses with foreign ownership
Notable changes
- Introduces regulations on corporate political spending based on foreign influence.
- Adds transparency requirements for foreign-influenced corporations.
- Potentially restricts the ability of foreign entities to impact election outcomes.
Bill text
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Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
Cosponsors
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