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Legislative Year: 2021 Change
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Bill Detail: SB21-177

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Title Restrict Foreign-influenced Money In Politics
Status Senate Second Reading Laid Over to 8/9/2021 - No Amendments (04/09/2021)
Bill Subjects
  • Elections & Redistricting
House Sponsors S. Woodrow (D)
Senate Sponsors J. Bridges (D)
House Committee
Senate Committee State, Veterans and Military Affairs
Date Introduced 03/08/2021
Summary

The bill prohibits a foreign-influenced corporation from making
an electioneering communication or a regular biennial school
electioneering communication.
The bill also expands the group of persons and entities currently
prohibited from expending money on an independent expenditure in
connection with an election in the state to include a foreign-influenced

corporation. An independent expenditure committee is prohibited from
knowingly accepting a donation from any foreign-influenced corporation.
The bill prohibits an independent expenditure committee from
knowingly accepting a contribution, donation, or transfer from a covered
organization if all or part of the contribution, donation, or transfer
includes money received by the independent expenditure committee from
a foreign-influenced corporation.
The bill prohibits any person from using funds from a
foreign-influenced corporation to make either an electioneering
communication or a regular biennial school electioneering
communication.
A for-profit corporation that is authorized to make a contribution
or donation is required to affirm in writing under penalty of perjury that
it is not a foreign-influenced corporation before it makes any permissible
contributions or donations. The bill prohibits any person from accepting
a permissible contribution or donation from a nonprofit corporation
unless the written affirmation is provided before the contribution or
donation is received by the recipient. The recipient of the contribution or
donation is required to retain the written affirmation for not less than one
year following the date of the end of the election cycle during which the
contribution or donation is received. An affirmation statement is not
required if the for-profit corporation has previously provided a statement
to the recipient in the 3-month period prior to the date on which it makes
the permissible contribution or donation.
The bill defines the terms foreign-influenced corporation,
foreign owner, and widely held diversified fund.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (06/14/2021) (most recent)  
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