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Senate advances ban on corporate contributions with foreign ownership influence; debate centers on 1% threshold
Summary
A bill that would bar corporate political contributions when 1% or more of an entity is foreign‑owned or controlled passed the Senate after extended debate about the meaning of 'knowingly', the 1% threshold and enforcement; recorded vote listed Ayes 45, Nays 16.
The Senate passed legislation aimed at preventing foreign influence in state campaign finance by disallowing certain corporate contributions when a corporate donor has at least 1% foreign ownership or control. Senators approved the measure on Jan. 11; the clerk announced the result as Ayes 45, Nays 16.
On the floor, sponsors defended the 1% threshold as closing a loophole that allows foreign actors to influence campaigns by…
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