Bill Title: Foreign Election Investment Transparency Act
Section 1: Short Title
This Act may be cited as the “Foreign Election Investment Transparency Act.”
Section 2: Purpose
The purpose of this Act is to ensure transparency and accountability in the financing of United States elections by requiring comprehensive vetting and public disclosure of all investments from foreign entities.
Section 3: Definitions
For the purposes of this Act, the following definitions shall apply:
(a) “Foreign Entity” refers to any individual, corporation, partnership, association, or other organization that is not based in the United States.
(b) “Election” refers to any federal, state, or local election held in the United States.
(c) “Investment” refers to any financial contribution, donation, or funding provided to support an election, candidate, cause, or political party.
Section 4: Vetting of Foreign Investments
(a) All investments from foreign entities into elections, candidates, causes, or political parties within the United States must undergo a thorough vetting process.
(b) The vetting process shall trace the origin of the investment from the foreign entity to the specific recipient, including but not limited to, candidates, causes, or political parties.
Section 5: Public Disclosure and Access
(a) The Federal Election Commission (FEC) shall establish and maintain a publicly accessible website.
(b) This website shall provide detailed information on all vetted foreign investments, including the source, amount, date, and recipient of each investment.
(c) The website shall be designed to allow citizens to search and view these transactions in a user-friendly manner.
Section 6: Implementation and Enforcement
(a) The Federal Election Commission shall be responsible for implementing the provisions of this Act.
(b) The FEC shall have the authority to develop regulations and guidelines necessary to enforce this Act effectively.
Section 7: Effective Date
This Act shall take effect one year after the date of its enactment.