Bill bans foreign-controlled companies from giving money to U.S. elections
H.R. 9874 — Get Foreign Money Out of United States Elections Act · Filed by Jamie Raskin (D-MD) · 79 cosponsors · Introduced Jul 22, 2026 · Referred to committee
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What it does
The bill stops U.S. companies owned by foreign people or countries from giving money to campaigns. Companies must sign a statement saying they are not foreign-controlled. Political campaigns must check donations and keep track of which ones are allowed. The rule covers state and local elections too.
Who it affects
Companies that give money to campaigns must follow new rules. Political campaigns and groups that get donations must verify where the money comes from. Citizens voting in U.S. elections may see less foreign money in campaigns.
One thing to notice
The bill sets the foreign-ownership limit as low as 1% for some companies. Other government rules use much higher thresholds.
From the analysis of the bill text, linked under Primary records below.
Where it stands
79 cosponsors: 79 Democrats.
- Jul 22, 2026 — Introduced · Congress.gov: “Introduced in House”
- Jul 22, 2026 — Referred to House Committee on House Administration · Congress.gov: “Referred to the House Committee on House Administration”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- foreign-controlled — Owned or run by people or countries outside the United States.
- sign a statement — Write your name on a legal document saying something is true.
- verify — Check that something is true or correct.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (8,589 characters) on Jul 29, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,707 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-09-23.
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