CT SB00582

Defines "foreign owner" as a foreign national or business entity in which a foreign national holds 50% or more of equity or voting shares.

Defines "foreign-influenced business entity" as any business entity where: a single foreign owner holds 5% or more of equity/voting shares, two or more foreign owners hold 20% or more combined, or any foreign owner participates in political decision-making activities.

Prohibits foreign-influenced business entities from making independent expenditures or covered transfers.

Requires persons making independent expenditures to certify they are not foreign-influenced business entities.

Caps covered transfers accepted by any person at $70,000 per calendar year aggregate, down from unlimited amounts.