Democrats, citing Russia, move to block foreign funding in 2020 election
Technically, it is illegal for foreign donors to give money to nonprofits for political purposes. But there are several channels through which such money could still flow. “Rather than the IRS more diligently reviewing Schedule Bs to identify any potential foreign money, the Treasury Department is just doing away with the reporting requirements on the Schedule B altogether,” says Brendan Fischer, director of federal reform at the Campaign Legal Center (CLC) in Washington, D.C. “It could be viewed as a green light to foreign actors that this is a way to funnel money into U.S. elections with even less threat of being caught.”
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