An Act to limit political spending by foreign-influenced corporations

HD 984 prohibits "foreign-influenced corporations" from making political expenditures, including independent spending, contributions to PACs, or ads on ballot measures. It directly affects for-profit entities where foreign owners hold significant stakes (1%+ single owner or 5%+ aggregate) or foreign entities influence political decisions. The bill requires corporations making such spending to file a CEO-certified statement within 7 days confirming they are not foreign-influenced, and mandates that ads using funds from such corporations include a disclosure: "Some of the funds used to pay for this message may have been provided by foreign-influenced corporations." These provisions aim to limit foreign influence in U.S. political activities through direct spending bans and mandatory transparency.