Congressman Bryan Steil, R-Wis., said Thursday that loopholes that allow foreign billionaires to influence U.S. elections need to be shut down.
“In particular, we’ve identified a loophole that allows foreign billionaires to transfer money into United States charities, 501C 3’s,” Steil said on the “Just the News, No Noise” TV show. “Forty percent of those funds can … under current law, be transferred into a super PAC to run political ads.”
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