H.R. 9874: Get Foreign Money Out of United States Elections Act
This bill would expand federal election laws that already ban foreign nationals from contributing to or spending money in U.S. elections. It would apply those restrictions not only to foreign individuals, but also to certain
U.S.-based business entities
that are owned, controlled, or significantly influenced by foreign nationals outside the United States.What counts as a covered business entity
The bill defines covered entities broadly to include for-profit corporations, LLCs, partnerships, companies, limited partnerships, business trusts, business associations, and similar for-profit organizations.
A domestic business entity would be treated as covered if it meets any of these conditions:
- A foreign national outside the U.S. owns or controls 50% or more of the entity.
- A foreign national outside the U.S. owns or controls 1% or more of the entity, and the entity is not already covered under the 50% rule.
- Two or more such foreign nationals together own or control 5% or more of the entity.
- One or more such foreign nationals have power to direct or control the entity’s decisionmaking about its U.S. interests or about election-related activity.
New certification requirement
If a business entity makes a political contribution, expenditure, independent expenditure, electioneering communication payment, or certain other election-related disbursements, its top executive would have to file a certification with the Federal Election Commission within 7 days. The certification would state, under penalty of perjury, that the business entity was not a foreign national when the spending occurred.
For publicly traded companies, the bill says beneficial ownership would be determined under securities-law rules. The entity would also have to give a copy of the certification to the political committee or other recipient, if requested.
Limits on passing along covered funds
The bill would also prohibit recipients from using money that came from a covered business entity, unless they have the required certification and keep those funds separate and properly tracked. In other words, money from a covered entity could not simply be mixed in and used for political spending unless it is clearly documented and compliant.
People and organizations could rely in good faith on the certification they receive.
Effect on corporate PACs
The bill would add new conditions for corporate separate segregated funds (corporate PACs). A corporate PAC could not make contributions or expenditures in a year unless it certifies that:
- the people managing the fund are U.S. citizens or lawful permanent residents;
- no foreign national participates in decisions about the fund’s political spending; and
- the fund does not solicit or accept recommendations from foreign nationals about its political spending.
It also states that any foreign national board member of the parent corporation must abstain from voting on matters involving the fund or its activities.
Clarifications to the foreign money ban
The bill would clarify that the foreign money ban applies to spending on state and local ballot initiatives, referendums, and recall elections, as well as to donations or transfers to certain political committees that accept money outside normal federal campaign rules, including Super PACs.
When the changes would take effect
The changes would take effect 180 days after enactment, even if the Federal Election Commission has not yet issued new regulations.
Relevant Companies
- BABA — Alibaba Group Holding Ltd. could be affected if its ownership or control structure is found to meet the bill’s foreign-ownership or foreign-control thresholds and it engages in U.S. political activity through a U.S. entity.
- TCEHY — Tencent Holdings Ltd. could be affected in similar circumstances if a domestic subsidiary or affiliated entity were used for U.S. election-related spending.
- NSRGY — Nestlé S.A. could be affected if a U.S. business entity it controls were involved in political spending and met the bill’s foreign-ownership or foreign-influence tests.
- SHEL — Shell plc could face added compliance requirements for any U.S. corporate PAC or U.S. entity with foreign-national ownership or control involved in election-related spending.
- BP — BP plc could be affected in the same way if its U.S. political spending vehicles are covered under the bill.
- RDS.A — Shell-related legacy listings are included for completeness, though current trading may use other tickers depending on the market venue; U.S. political spending by foreign-controlled entities would face the bill’s new certification and restriction rules.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
71 bill sponsors
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TrackJamie Raskin
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TrackYassamin Ansari
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TrackSuzanne Bonamici
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TrackBrendan F. Boyle
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TrackJulia Brownley
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TrackNikki Budzinski
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TrackSalud O. Carbajal
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TrackAndré Carson
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TrackTroy A. Carter
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TrackGreg Casar
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TrackEd Case
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TrackKathy Castor
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TrackYvette D. Clarke
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TrackSteve Cohen
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TrackAngie Craig
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TrackJason Crow
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TrackDanny K. Davis
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TrackMark DeSaulnier
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TrackChristopher R. Deluzio
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TrackMaxine Dexter
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TrackDebbie Dingell
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TrackAdriano Espaillat
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TrackDwight Evans
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TrackValerie P. Foushee
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TrackSylvia R. Garcia
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TrackJesús G. "Chuy" García
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TrackJared F. Golden
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TrackDaniel S. Goldman
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TrackMaggie Goodlander
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TrackAl Green
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TrackPablo Hernández
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TrackVal T. Hoyle
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TrackPramila Jayapal
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TrackHenry C. "Hank" Johnson, Jr.
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TrackRobin L. Kelly
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TrackRo Khanna
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TrackMike Levin
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TrackTed Lieu
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TrackStephen F. Lynch
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TrackBetty McCollum
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TrackKristen McDonald Rivet
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TrackJames P. McGovern
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TrackSeth Moulton
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TrackJerrold Nadler
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TrackJoe Neguse
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TrackEleanor Holmes Norton
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TrackAlexandria Ocasio-Cortez
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TrackChris Pappas
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TrackMarie Gluesenkamp Perez
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TrackChellie Pingree
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TrackMark Pocan
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TrackMike Quigley
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TrackDelia C. Ramirez
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TrackJosh Riley
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TrackDeborah K. Ross
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TrackAndrea Salinas
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TrackJanice D. Schakowsky
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TrackLateefah Simon
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TrackMelanie A. Stansbury
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TrackLinda T. Sánchez
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TrackMark Takano
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TrackRashida Tlaib
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TrackJill N. Tokuda
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TrackPaul Tonko
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TrackNorma J. Torres
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TrackLori Trahan
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TrackEugene Vindman
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TrackDebbie Wasserman Schultz
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TrackBonnie Watson Coleman
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TrackNikema Williams
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Tracknan
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Actions
2 actions
| Date | Action |
|---|---|
| Jul. 22, 2026 | Introduced in House |
| Jul. 22, 2026 | Referred to the House Committee on House Administration. |
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