No Funding for Foreign Agents Act
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Summary
The No Funding for Foreign Agents Act prohibits U.S. federal financial assistance (grants, contracts, loans, and vouchers) from being provided to any entity controlled by an agent of a covered foreign principal. Covered foreign principals include governments and entities from 21 specified nations (including China, Russia, Iran, North Korea, and others) and designated terrorist organizations. The bill defines "controlled" broadly to include entities where officers, directors, or senior managers with majority or dominant minority ownership are agents of covered foreign principals, and applies to both direct assistance and indirect assistance through vouchers or certificates.
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