Save Our Democracy From Foreign Influence Act of 2010

Save Our Democracy from Foreign Influence Act of 2010 - 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 whose shareholders include one or more foreign principals.

[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4523 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 4523

To amend the Federal Election Campaign Act of 1971 to apply the ban on 
    contributions and expenditures by foreign nationals to domestic 
    corporations whose shareholders include any foreign principals.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 26, 2010

Mr. Perriello 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 whose shareholders include any foreign principals.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Save Our Democracy From Foreign 
Influence Act of 2010''.

SEC. 2. APPLICATION OF BAN ON CONTRIBUTIONS AND EXPENDITURES BY FOREIGN 
              NATIONALS TO DOMESTIC CORPORATIONS WITH FOREIGN 
              SHAREHOLDERS.

    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) whose shareholders include one or more foreign 
        principals.''.
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