CO SB177

Prohibits foreign-influenced corporations from making electioneering communications or regular biennial school electioneering communications.

Expands restrictions on independent expenditures to include foreign-influenced corporations, and prohibits independent expenditure committees from knowingly accepting donations from such corporations.

Prohibits independent expenditure committees from accepting contributions that include money received from foreign-influenced corporations, and prevents any person from using foreign-influenced corporation funds for electioneering communications.

Requires for-profit corporations authorized to make contributions to affirm in writing under penalty of perjury that they are not foreign-influenced before making donations, with written affirmation required before acceptance and retained for at least one year after the election cycle.

Defines "foreign-influenced corporation" as one where a single foreign owner holds 5% or more ownership, two or more foreign owners hold 20% or more in aggregate, or a foreign government holds 1% or more; exempts nonprofit corporations and widely held diversified funds from the definition.