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HR 8314 - No Foreign Election Interference Act - National Key Vote

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Title: No Foreign Election Interference Act

Vote Smart's Synopsis:

Vote to pass a bill that authorizes enhanced penalties on tax-exempt organizations that make contributions to political committees after receiving a gift or contribution from a foreign national.

Highlights:

  • Authorizes enhanced penalties on tax-exempt organizations that make contributions to political committees after receiving a gift or contribution from a foreign national (Sec. 2).

  • Specifies that the penalty is 200% of the amount of such contributions and the organization loses its tax-exempt status if it makes more than 2 such contributions (Sec. 2).

  • Specifies that the provisions of this bill shall take effect beginning January 1, 2025 (Sec. 2).

NOTE: THIS LEGISLATION NEEDED A TWO-THIRDS MAJORITY VOTE TO PASS

Full Bill Text

NOTE: THIS LEGISLATION NEEDED A TWO-THIRDS MAJORITY VOTE TO PASS

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