“Seattle City Council bans ‘foreign-influenced’ companies from most political spending”

Seattle Times:

The Seattle City Council voted Monday to ban most political spending by “foreign-influenced corporations,” in a move that could hinder attempts by multinational tech titans to influence the city’s elections….

The city’s new ban applies to corporations with a single non-United States investor holding at least 1% ownership, two or more holding at least 5% ownership or a non-U.S. investor participating in decision making related to U.S. political activities.

Update: The legislation and a press release from Free Speech for People are here. Reuters has this story.

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