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January 15, 2020

Seattle reins in spending by ‘foreign-influenced' companies

By GENE JOHNSON
Associated Press

SEATTLE — The Seattle City Council on Monday unanimously passed a measure to rein in political spending by “foreign-influenced” companies, following city council elections last year that drew unprecedented spending — including a record $1.5 million from Amazon.

The measure puts the city in the vanguard of local efforts to control corporate political spending. It blocks any corporation from giving money to candidates or to independent political-action committees if that corporation has one non-American investor holding at least 1% ownership, or multiple non-American investors holding at least 5%.


 
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