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Citizens United said that US corporations can spend unlimited "independent expenditures for political campaigns".

However, foreign natural persons and foreign corporations are not allowed to spend any independent expenditures for US political campaigns. Even buying merchandise from a presidential candidate's campaign website would be illegal for a foreign natural person or a foreign corporation.

However, for a US corporation that is 100% owned by foreign natural persons, does Citizens United apply? What about 99%, 98%, 97%, .... ?

pERlEdeA
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From https://www.fec.gov/updates/foreign-nationals/

A domestic subsidiary of a foreign corporation (or a domestic corporation owned by foreign nationals) may make donations and disbursements in connection with state or local elections (if permissible under state and local law) provided that:

  • These activities are not financed in any part by the foreign parent or owner; and
  • Individual foreign nationals are not involved in any way in the making of donations to nonfederal candidates and committees.
phoog
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