Loading chat...

CA AB1819

Bill

Status

Introduced

2/7/2022

Primary Sponsor

Alex Lee

Click for details

Origin

State Assembly

2021-2022 Session

AI Summary

  • Expands the Political Reform Act of 1974 to prohibit contributions, expenditures, and independent expenditures by foreign-influenced business entities in connection with California state and local elections or ballot measures.

  • Requires business entities making contributions or expenditures to file a statement of certification within seven days, signed by the chief executive officer under penalty of perjury, stating the entity was not foreign-influenced on the date of the contribution or expenditure.

  • Defines "foreign-influenced business entity" as one where a single foreign principal owns 1% or more of equity or voting shares, two or more foreign principals own 5% or more in aggregate, or foreign principals participate in the entity's decision-making regarding electoral contributions or expenditures.

  • Prohibits recipients of funds from business entities from using those funds for electoral contributions, expenditures, or independent expenditures unless they receive a copy of the certification statement from the business entity.

  • Makes violations a misdemeanor with fines equal to the amount contributed or expended; declares the act furthers purposes of the Political Reform Act of 1974.

Legislative Description

Political Reform Act of 1974: contributions and expenditures by foreign-influenced business entities.

Last Action

In committee: Held under submission.

5/19/2022

Committee Referrals

Appropriations4/28/2022
Elections2/18/2022

Full Bill Text

No bill text available