A bill banning corporations with foreign influence from political spending in Pennsylvania is headed to the Senate. The bill passed with bipartisan support in a 126-76 vote in the Democratic-controlled House. The legislation prohibits “foreign-influenced corporations” from spending directly or indirectly on any political campaign, committee or party and from spending to support or denounce a question on the ballot. The bill defines a foreign-influenced corporation as a business with at least 1% ownership by a single foreign investor or at least 5% ownership by multiple foreign investors.
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