Get Foreign Money Out of U.S. Elections Act

This bill strengthens the ban on foreign influence in U.S. elections by expanding the definition of foreign-controlled business entities to include those with significant foreign ownership or influence (e.g., 50% direct ownership or 1% indirect ownership with aggregation). It requires any for-profit business entity making election-related contributions, expenditures, or independent spending to file a certification within 7 days, under penalty of perjury, confirming it is not foreign-controlled. Recipients of such funds must separately account for them and cannot reuse the funds for further election activities without the certification. The bill also clarifies that these rules apply to State/local ballot initiatives and disbursements to political committees like Super PACs.