Will Thousands of Corporations Be Banned from Political “Spending” Because Defined as Foreign?

While Congress may be restrained, to put it politely, in its efforts to clean up corruption for its own sake, xenophobia may come to the rescue. The LA Times reports that the Democratic party’s legislation in both houses is “now considering a broad definition of foreign corporations — companies that are more than 20% owned by non-American entities. That could end up banning thousands of corporations from contributing to political activities.”

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