HI SB1032

Prohibits foreign nationals, foreign corporations, and "foreign-influenced business entities" from making campaign contributions, expenditures, independent expenditures, electioneering communications, or earmarked donations in Hawaii elections

Defines "foreign-influenced business entity" as one where a single foreign investor holds 1% or more ownership, six or more foreign investors collectively hold 5% or more ownership, or a foreign investor participates in political decision-making

Requires business entities making campaign contributions or expenditures to file a certification within seven days of their first contribution, signed by the CEO under penalty of perjury, attesting the entity is not foreign or foreign-influenced

Mandates noncandidate committees making independent expenditures to obtain sworn certifications from top contributors ($10,000+) that their funds are not derived from foreign entities; lacking certification, ads must include a disclaimer about potential foreign funding

Contributions from prohibited foreign entities will escheat to the Hawaii Election Campaign Fund; if foreign-influenced business entity definitions are ruled unconstitutional, the Campaign Spending Commission must establish revised constitutional standards