CT SB00497

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

Defines "foreign-influenced entity" as any entity where a foreign owner holds 5% or more of equity (or 20% if multiple foreign owners), or where any foreign owner participates in decisions regarding the entity's political activities in the United States.

Prohibits foreign-influenced entities from making independent expenditures or contributing to independent expenditure political committees.

Limits any person to accepting no more than $70,000 in covered transfers from any other person in a calendar year, replacing the previous unlimited transfer provision.

Requires individuals filing independent expenditure reports to certify under penalty of false statement that due inquiry was made to determine the person is not a foreign-influenced entity at the time of the expenditure.