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CA AB1819
Bill
Status
2/7/2022
Primary Sponsor
Alex Lee
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AI Summary
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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.
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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.
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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.
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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.
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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