HR 8314
No Foreign Election Interference Act
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- Became Law
Bill overview
This bill, the No Foreign Election Interference Act, aims to prevent foreign influence in U.S. elections by increasing penalties for tax-exempt organizations that donate to political committees after receiving funds from foreign nationals. Specifically, organizations making such contributions face a penalty equal to twice the amount of the contribution, and if they make more than two such contributions, they risk losing their tax-exempt status. The law takes effect on January 1, 2025.
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