1. Discussing loopholes that allow foreign nationals to contribute to political campaigns
Chairman Bryan Steil (WI-01): Does anyone have an argument that we should not ban foreign funds from coming into ballot initiatives. Any of our witnesses? Let the record reflect all of them agree that we should work to ban this. We have legislation to ban this at the federal level, and we continue to get caught up in the gobbledygook. But when you look at the impact that these foreign funds are having directly in U.S. elections, I think most Americans would be shocked. Because we know on the books a foreign national is not allowed to directly contribute into a U.S. candidate. Is that accurate, Ms. Sutherland?
Ms. Caitlin Sutherland: That's correct.
Chairman Bryan Steil (WI-01): But all they have to do is simply use the workaround and implement their funds and channel it through a loophole that allows those funds to come in and directly impact U.S. elections, correct?
Ms. Caitlin Sutherland: Correct.
Chairman Bryan Steil (WI-01): So as we look at the impact that this has in our elections, how much money have you identified just one foreign individual spending in the past handful of years?
Ms. Caitlin Sutherland: So Hansjörg Wyss who's a Swiss billionaire and not a U.S. citizen, has contributed around a quarter of a billion dollars into the Sixteen Thirty Fund and then the Sixteen Thirty Fund turns around and spends it on a whole host of activities.
Chairman Bryan Steil (WI-01): I think when the American people realize that this vulnerability exists in our U.S. election system and, as Mr. Bowman pointed out, not only may there be rich billionaires across the globe, but there could be state actors that could engage in this. We could completely envision this same technique being utilized by a Chinese national or North Korean national, a Russian national who has a direct interest on U.S. policy. We go back and we look at the array of groups that were interested in killing the Keystone XL pipeline, and we have seen Russian action as it relates to energy production across the globe. Is that, is that accurate, Ms. Sutherland?
Ms. Caitlin Sutherland: Yes.
Chairman Bryan Steil (WI-01): Now, we could look at a whole host of reasons. I think it is imperative of this committee as we move forward to not only continue to work on the enforcement of our current law, including making sure that there's proper security procedures in place in ActBlue, that online giving platforms are blocking foreign funds from coming in, but I think one of the real missed pieces of this is the proven millions of dollars that are coming in from foreign nationals directly impacting U.S. campaigns. We have an opportunity to close it. We have legislation to close it. I think it's imperative that we actually pass this and it becomes law.
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