America is for Americans Act

Bill: 113-hr-1117
Sponsor: full_name: Rep. Grayson, Alan [D-FL-9]
Introduced: 2013-03-13
Policy area: Government Operations and Politics
Subjects: Corporate finance and management

Elections, voting, political campaign regulation

Foreign and international corporations
Latest action: action_date: 2013-03-13
text: Referred to the House Committee on House Administration.

Summaries:
action_date: 2013-03-13
action_desc: Introduced in House
text: <p>America is for Americans Act - Amends the Federal Election Campaign Act of 1971 to apply the ban on contributions and expenditures by foreign nationals in connection with a federal, state, or local election to domestic corporations in which one or more foreign principals directly or indirectly have an ownership interest.</p>

tv_txt: I 113th CONGRESS 1st Session H. R. 1117 IN THE HOUSE OF REPRESENTATIVES March 13, 2013 Mr. Grayson introduced the following bill; which was referred to the Committee on House Administration A BILL To amend the Federal Election Campaign Act of 1971 to apply the ban on contributions and expenditures by foreign nationals to domestic corporations in which foreign principals have an ownership interest.

1. Short Title; Findings (a) Short Title This Act may be cited as the America is for Americans Act . (b) Findings Congress finds the following: (1) The Government has a compelling interest in preventing foreign individuals and associations from influencing our Nation's political process. Such entities neither enjoy nor deserve any legal or constitutional right to such influence. (2) The presence of foreign individuals or associations within domestic associations, to any degree, creates an unacceptable risk of foreign influence over our Nation's political process. (3) The law does not allow foreign individuals and associations to vote in our elections; by the same token, the law should not allow them to exercise any influence over our Nation's political process, directly or indirectly, and neither personally nor in alliance or combination with others. 2. Application of Ban on Contributions and Expenditures by Foreign Nationals to Domestic Corporations With Foreign Ownership Section 319(b) of the Federal Election Campaign Act of 1971 ( 2 U.S.C. 441e(b) ) is amended— (1) by striking or at the end of paragraph (1); (2) by striking the period at the end of paragraph (2) and inserting ; or ; and (3) by adding at the end the following new paragraph: (3) a corporation (other than a foreign principal, as so defined) in which one or more foreign principals directly or indirectly has an ownership interest. .