A bill for an act relating to campaign finance, including participation in ballot issue campaigns by foreign nationals and investigations of election misconduct, and making penalties applicable.

This bill amends Iowa's campaign finance laws to restrict foreign national involvement in ballot issue campaigns. It defines "foreign national" broadly to include non-U.S. citizens, foreign governments, and foreign-owned businesses, and requires political committees advocating for or against ballot measures to obtain donor affirmations confirming they are not foreign nationals and haven't received over $100,000 from foreign sources in the past four years. Foreign nationals are prohibited from making independent expenditures (such as ads or communications) to influence ballot issues, and violations can trigger civil penalties of up to $10,000 or three times the amount spent. The bill also includes provisions to protect lawful donor identities during investigations of campaign finance violations.