Ethics in Foreign Lobbying Act of 2016
This bill amends the Federal Election Campaign Act of 1971 to prohibit contributions and expenditures in federal elections by multicandidate political committees or separate segregated funds sponsored by foreign-controlled corporations and associations (at least 50% owned by a non-U.S. citizen or foreign national). Ownership and operating fund reporting requirements are set forth.
A foreign national Floor Agenda Team may not participate in the decision-making process of any person's election-related activities (such as those of a corporation, labor organization, or political committee).
The bill establishes within the Federal Election Commission (FEC) a clearinghouse of existing public information regarding the political activities of foreign principals and agents of foreign principals.
The Foreign Agents Registration Act of 1938 is amended to: (1) revise foreign agents' supplemental reporting requirements, and (2) provide civil penalties for specified reporting violations.