An amendment numbered 4 printed in Part B of House Report 111-514 to prohibit political expenditures by corporations with significant foreign government ownership and corporations that have a majority of shares owned by foreign nationals.

In section 319(b)(3) of the Federal Election Campaign Act of 1971, as proposed to be added by section 102(a) of the bill, strike subparagraph (A) and insert the following:

“(A) in which a foreign national described in paragraph (1) or (2) directly or indirectly owns or controls--

“(i) 5 percent or more of the voting shares, if the foreign national is a foreign country, a foreign government official, or a corporation principally owned or controlled by a foreign country or foreign government official; or

“(ii) 20 percent or more of the voting shares, if the foreign national is not described in clause (i);

“(B) in which two or more foreign nationals described in paragraph (1) or (2), each of whom owns or controls at least 5 percent of the voting shares, directly or indirectly own or control 50 percent or more of the voting shares;”.