EXCLUSIVE: Jim Banks Aims To Put The Kibosh On Foreign Billionaires Ruining America

Republican Indiana Sen. Jim Banks unveiled a bill on Wednesday to prohibit foreign donations on ballot measures, the 🏢Daily Caller News Foundation first learned.

The Federal Election Campaign Act (FECA) notably prohibits foreign nationals from contributing or donating to any federal, state or local election in the U.S. Banks’ legislation, titled the “Protecting Ballot Measures From Foreign Influence Act,” would amend the FECA to prohibit contributions and donations by foreign nationals in connection with ballot initiatives and referenda, according to the bill text.

“Foreign billionaires are bankrolling left-wing ballot initiatives to push radical agendas and sway our elections. In recent years, we’ve seen millions pour into pro-abortion campaigns in states across the country,” Banks told the DCNF in an exclusive statement. “My bill closes these loopholes and stops foreign money from corrupting the vote.”

📺 Embedded media — coming soon

Protecting Ballot Measures From Foreign Influence Act

Between 2017 and 2022, Colorado, Michigan, Minnesota, Montana, New York and Washington state received more than $163 million in political contributions from the corporate treasury funds of companies with over 5% aggregate foreign ownership, according