Keeping Foreign Money out of Ballot Measures Act of 2023

This bill prohibits foreign nationals from contributing money or other valuables to state or local ballot initiatives and referendums, directly affecting foreign individuals and organizations attempting to influence these elections. It creates a new federal offense under Title 18, banning contributions, donations, or promises of such contributions in connection with ballot measures. Violations carry penalties of fines up to $10,000 or 300% of the contribution amount, plus up to one year in prison. The law applies to all contributions made after its enactment date and uses the existing definition of "foreign national" from federal election law.