Study and report on illicit foreign money in Federal elections

(a) Study For each 4-year election cycle (beginning with the 4-year election cycle ending in 2024), the Comptroller General shall conduct a study on the incidence of illicit foreign money in all elections for Federal office held during the preceding 4-year election cycle, including what information is known about the presence of such money in elections for Federal office. (b) Report (1) In general Not later than the applicable date with respect to any 4-year election cycle, the Comptroller General shall submit to the appropriate congressional committees a report on the study conducted under subsection (a). (2) Matters included The report submitted under paragraph (1) shall include a description of the extent to which illicit foreign money was used to target particular groups, including rural communities, African-American and other minority communities, and military and veteran communities, based on such targeting information as is available and accessible to the Comptroller General. (3) Applicable date For purposes of paragraph (1), the term applicable date means— (A) in the case of the 4-year election cycle ending in 2024, the date that is 1 year after the date of the enactment of this Act; and (B) in the case of any other 4-year election cycle, the date that is 1 year after the date on which such 4-year election cycle ends. (c) Definitions As used in this section: (1) 4-year election cycle The term 4-year election cycle means the 4-year period ending on the date of the general election for the offices of President and Vice President. (2) Illicit foreign money The term illicit foreign money means any contribution, donation, expenditure, or disbursement by a foreign national (as defined in section 319(b) of the Federal Election Campaign Act of 1971 (52 U.S.C. 30121(b))) prohibited under such section. (3) Election; Federal office The terms election and Federal office have the meanings given such terms under section 301 of the Federal Election Campaign Act of 1971 (52 U.S.C. 30101). (4) Appropriate congressional committees The term appropriate congressional committees means— (A) the Committee on House Administration of the House of Representatives; (B) the Committee on Rules and Administration of the Senate; (C) the Committee on the Judiciary of the House of Representatives; and (D) the Committee on the Judiciary of the Senate. (d) Sunset This section shall not apply to any 4-year election cycle beginning after the election for the offices of President and Vice President in 2036.