Sec. 102. Prohibiting foreign-affiliated section 501(c)(4) organizations from making certain election-related disbursements
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501(c)(4) organizations from making certain election-related disbursements Title III of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30101 et seq.) is amended by adding at the end the following new section: 501(c)(4) organizations It is unlawful for a foreign-affiliated section 501(c)(4) organization to make an election-related disbursement described in subsection (b). An election-related disbursement described in this subsection is any of the following: A contribution to a super PAC.
An independent expenditure. The disbursement of funds for the dissemination of an electioneering communication. 501(c)(4) organization In this section, a foreign-affiliated section 501(c)(4) organization is a section 501(c)(4) organization with respect to which— the amount of contributions provided to the organization by foreign nationals described in subparagraph
(C)of section 319(b)(1) was equal to or greater than 5 percent of the gross receipts of the organization, as determined on the basis of the most recent taxable year for which information on the gross receipts of the organization is available or, in the case of an organization which is required to file quarterly reports with the Securities and Exchange Commission under section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ), the most recent such report; or the amount of contributions provided to the organization by all foreign nationals described in section 319(b) was equal to or greater than 20 percent of the gross receipts of the organization, as determined on the basis of the most recent taxable year for which information on the gross receipts of the organization is available or, in the case of an organization which is required to file quarterly reports with the Securities and Exchange Commission under section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ), the most recent such report. In this section— the term electioneering communication has the meaning given such term in section 304(f)(3); the term section 501(c)(4) organization means an organization described in section 501(c)(4) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code; and term super PAC means a political committee which accepts donations or contributions that do not comply with the limitations and prohibitions of this Act (or has an account which is established for the purpose of accepting such donations or contributions) and which makes only independent expenditures (or has an account which is established for the purpose of making only independent expenditures). .
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Sec. 102
Prohibiting foreign-affiliated section 501(c)(4) organizations from making certain election-related disbursements
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