We have received text from S. 3610: No Funding for Foreign Agents Act. This bill was received on 2026-01-08, and currently has no cosponsors.
Here is a short summary of the bill:
This bill, titled the
No Funding for Foreign Agents Act
, is designed to prevent the U.S. government from providing financial assistance to certain entities. Specifically, it targets those entities that are controlled by individuals acting on behalf of foreign governments deemed significant threats to U.S. interests.
Key Provisions of the Bill
- Restriction on Financial Assistance: The bill establishes that any entity controlled by an agent of a "covered foreign principal" is ineligible to receive both direct and indirect financial assistance from the U.S. government.
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Definitions:
- Agent of a covered foreign principal: This includes individuals acting as representatives or employees of specific foreign governments, individuals engaging in lobbying activities associated with these governments, or those who are recognized as agents by U.S. authorities.
- Covered foreign principal: This term refers to certain nations, which include North Korea, China, Russia, Iran, and several others identified as having government structures or political parties that could be potentially harmful to U.S. interests.
- Controlled: An entity is considered controlled if a significant portion of its governance is managed by individuals who are also agents of a covered foreign principal.
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Types of Financial Assistance Affected:
- Direct financial assistance: This refers to funds received directly from the U.S. government through contracts, grants, loans, or other agreements.
- Indirect financial assistance: This involves funds received by service providers, which are then passed to beneficiaries through vouchers or other means funded by the government.
Impacted Entities
The bill focuses on particular nations that are categorized as major threats to U.S. security and interests. If an organization is found to be controlled by anyone acting on behalf of these foreign principals, they will become ineligible for U.S. financial support.
Exclusions
It is specified that the bill does not terminate U.S. financial assistance to entities that are not controlled by agents of a covered foreign principal, nor does it affect foreign assistance that is outlined in existing laws.
Relevant Companies
None found
Senator Jim Banks Bill Proposals
Here are some bills which have recently been proposed by Senator Jim Banks:
- S.3610: A bill to prohibit the provision of United States financial assistance to any entity that is controlled by an agent of a covered foreign principal.
- S.3589: A bill to amend the Higher Education Act of 1965 to provide students with disabilities and their families with access to critical information needed to select the right college and succeed once enrolled.
- S.3538: Student Loan Tax Elimination Act
- S.3433: PELL Act
- S.3382: A bill to designate the facility of the United States Postal Service located at 520 South Walnut Street in Bloomington, Indiana, as the "Curt Cignetti Post Office".
- S.3339: AI Workforce PREPARE Act
You can track bills proposed by Senator Jim Banks on Quiver Quantitative's politician page for Banks.
Senator Jim Banks Net Worth
Quiver Quantitative estimates that Senator Jim Banks is worth $3.4M, as of January 24th, 2026. This is the 206th highest net worth in Congress, per our live estimates.
Banks has approximately $90.8K invested in publicly traded assets which Quiver is able to track live.
You can track Senator Jim Banks's net worth on Quiver Quantitative's politician page for Banks.
Senator Jim Banks Stock Trading
We have data on up to $995.0K of trades from Senator Jim Banks, which we parsed from STOCK Act filings. Some of the largest trades include:
- A November 2nd, 2021 purchase of up to $50K of $RBLX. The stock has fallen 6.87% since then.
- A November 12th, 2021 purchase of up to $50K of $PTON. The stock has fallen 88.22% since then.
- A April 5th, 2021 purchase of up to $15K of $KR. The stock has risen 74.93% since then.
- A August 30th, 2021 purchase of up to $15K of $F. The stock has risen 3.91% since then.
- A September 1st, 2020 purchase of up to $15K of $PASO.
You can track Senator Jim Banks's stock trading on Quiver Quantitative's politician page for Banks.
2030 Indiana US Senate Election
There has been approximately $16,233,742 of spending in Indiana US Senate elections over the last two years, per our estimates.
Approximately $7,105,519 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- DEFEND AMERICAN JOBS ($6,018,934)
- AMERICAN LEADERSHIP PAC ($824,920)
- HOOSIER HONOR ($223,620)
- PROTECT FREEDOM POLITICAL ACTION COMMITTEE ($29,282)
- CLUB FOR GROWTH PAC ($6,615)
You can track this election on our matchup page for the 2030 Indiana US Senate election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
