To amend the Federal Election Campaign Act of 1971 to apply the ban on contributions and expenditures by foreign nationals under such Act to foreign-controlled, foreign-influenced, and foreign-owned domestic business entities, and for other purposes.

HR9874 was introduced on 2026-07-22 and referred to the House Committee on House Administration. The bill amends the Federal Election Campaign Act of 1971 to apply the existing ban on contributions and expenditures by foreign nationals to domestic business entities that are foreign-controlled, foreign-influenced, or foreign-owned. This is a campaign finance reform bill with no funding mechanism—it imposes a regulatory restriction rather than authorizing spending. The bill has 69 cosponsors, all Democrats, indicating partisan support but limited bipartisan momentum. As an early-stage bill referred to committee, it faces a long legislative path: committee markup, House floor vote, Senate consideration, and potential presidential action. No companion bill in the Senate has been identified. The bill's impact on markets is negligible because it does not allocate funds, create tax incentives, or directly affect corporate revenues. Campaign finance restrictions primarily affect political action committees and donor behavior, not publicly traded companies' operations or earnings. No specific publicly traded companies are named or directly impacted by this legislation.