Center Square Washington: Washington state campaign finance bill raises free speech, practicality questions
By TJ Martinell
.....House Bill 1885 sponsored by Rep. Sharlett Mena, D-Tacoma, would repeal the ban on foreign nationals contributing or spending money on Washington elections and replace it with “foreign-influenced corporations,” which is defined as a for-profit corporation or LLC that has a foreign investor who owns 1% or more of the company’s interests, or more than one foreign investor that collectively own 5% of the ownership interest.
Testifying during a Tuesday public hearing in the House State Government & Tribal Relations Committee, Mena told colleagues that “foreign influenced corporations seeking to benefit their own interests, but not that of Washingtonians, are pouring money into our elections and initiatives year after year.” …
However, some legislators such as Rep. Greg Cheney, R-Battle Ground, said that the definition of “foreign-influenced” lacks specificity, when ownership shares can change one way or another within moments during a given trading day...
Others opposed included Julia Gordon with the Washington Hospitality Association, who told the committee that the bill “crosses the line into unfairly restricting political speech,” which could apply to companies with “extreme minority ownership” from foreign investors. However, she added that it would still be a “significant challenge even for businesses with no foreign ownership.”
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