Federal Election Commission member Ann Ravel has proposed a new ban on political contributions by domestic subsidiaries of foreign corporations. Ravel said the issue is no longer a “hypothetical concern,” citing a recent report by The Intercept exposing how a Chinese-owned firm donated money to Jeb Bush’s campaign. Such donations can now be made thanks to the Supreme Court’s Citizens United ruling. The Intercept’s Lee Fang talked about his reporting on Democracy Now! last week.
Lee Fang: “We simply looked at some of the largest corporate donations to presidential super PACs and tried to find out their ownership structure. By chance, we found that one of the largest corporate donors to the Jeb Bush super PAC, Right to Rise, was owned—or, is owned by two Chinese nationals. They’re permanent residents of Singapore. And they gave $1.3 million to the Jeb Bush super PAC.”