{"id":1968564,"date":"2023-07-10T12:51:02","date_gmt":"2023-07-10T16:51:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-plan-would-close-foreign-dark-money-loophole-for-2024\/"},"modified":"2023-07-10T12:51:59","modified_gmt":"2023-07-10T16:51:59","slug":"gop-plan-would-close-foreign-dark-money-loophole-for-2024","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-plan-would-close-foreign-dark-money-loophole-for-2024\/","title":{"rendered":"GOP&#8217;s 2024 Plan: Shutting Foreign Dark Money Loophole"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgop-plan-would-close-foreign-dark-money-loophole-for-2024%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1968564&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div>\n<h2>House Republicans Take Action to Close Foreign Money Loophole in U.S. Elections<\/h2>\n<p>House Republicans are drafting a bill to close a loophole that has allowed foreign money in U.S. elections, following reports of a Swiss billionaire <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-plan-would-close-foreign-dark-money-loophole-for-2024\/\" title=\"GOP's 2024 Plan: Shutting Foreign Dark Money Loophole\">evading foreign donation bans<\/a> to bankroll Democrats.<\/p>\n<p>Rep. Bryan Steil (R., Wis.), chair of the House Administration Committee, is set to introduce the legislation, called the American Confidence in Elections Act. It would ban 501(c)(4) organizations that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-republican-pushes-congressional-witnesses-to-disclose-foreign-influence\/\" title=\"Top Republican Pushes Congressional Witnesses To Disclose Foreign Influence\">accept foreign money<\/a> from contributing to political committees for four years.<\/p>\n<p>The bill would help close the loophole being exploited by foreign donors who send money to 501(c)(4)s, which in turn donate their cash to super PACs, thereby evading the ban on foreign nationals contributing to super PACs.<\/p>\n<blockquote>\n<p>&#8220;The American Confidence in Elections (ACE) Act will close loopholes that foreign nationals are exploiting to funnel money to super PACs or ballot initiatives,&#8221; Steil told <em>Axios<\/em>.<\/p>\n<\/blockquote>\n<p>The proposal comes in the wake of an April <a href=\"https:\/\/freebeacon.com\/biden-administration\/swiss-billionaire-bankrolls-biden-agenda-with-63-million-in-dark-money\/\">report<\/a> that Swiss billionaire Hansj\u00f6rg Wyss is evading foreign donation bans by giving tens of millions of dollars to a web of nonprofits that back Democrats.<\/p>\n<p>Wyss gave $72 million in 2021 to the Berger Action Fund, which directs money to nonprofits that don\u2019t have to disclose their donors or expenditures. By donating to the fund, Wyss can bypass bans on foreign political financial involvement.<\/p>\n<p>Wyss created the fund in 2007, and it has donated $339 million to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-waives-ethics-rules-for-former-lobbyists\/\" title=\"Biden Administration Waives Ethics Rules For Former Lobbyists\">left-leaning groups<\/a> since 2016, according to the Associated Press. Wyss\u2019s representatives claim the tens of millions go to &#8220;issue advocacy,&#8221; addressing the environment, for example, and not partisan interests.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>House Republicans are working on a bill, the American Confidence in Elections Act, to address a loophole that permits foreign funds in U.S. elections. This comes after a Swiss billionaire allegedly evaded foreign donation restrictions to support Democrats. Rep. Bryan Steil (R., Wis.), head of the House Administration Committee, will introduce the legislation.<\/p>\n","protected":false},"author":1613,"featured_media":1968565,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-1968564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1968564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1613"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1968564"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1968564\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1968565"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1968564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1968564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1968564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}