GOP bill cracks down on 'loophole' allowing foreign donors to pump dark money into US elections

FIRST ON FOX: Senate Republicans are introducing a bill on Wednesday that aims to prevent foreign nationals from improperly influencing American elections in response to a report outlining how a foreign billionaire allegedly funneled almost $250 million into a liberal dark money network that poured almost $100 million into nationwide ballot campaigns.

The Prevent Foreign Interference in American Elections Act, being introduced by Tennessee GOP Sen. Bill Hagerty, states that it will "amend the Federal Election Campaign Act of 1971 to further restrict contributions of foreign nationals."

The move comes after the Senate was briefed on a new report from Americans for Public Trust that shows Swiss billionaire Hansjorg Wyss has sent more than $243 million to the Sixteen Thirty Fund which then invested $97.6 million in ballot campaigns across 25 states over the past decade. Those states included the key swing states of Michigan, Ohio, Colorado, and Nevada.

The tens of millions of dollars from the Sixteen Thirty Fund, which has also been funded by George Soros, went into ballot measures promoting abortion access, lessening drug penalties and prison sentences, raising the minimum wage, automatic voter registration and other progressive causes.

SWISS BILLIONAIRE HANSJÖRG WYSS RECENTLY POURED OVER $60M INTO PROPPING UP LEFT-WING GROUPS AND CAUSES

Wyss, who is referred to by some as the "new George Soros", also allegedly gave more than $135 million between 2016 and 2020 to a nonprofit that gave tens of millions to Super PACs that supported Joe Biden in 2020 and has steered tens of millions of dollars to Democratic fundraising committees, get out the vote efforts, and Democratic candidates via nonprofits.

"A single Swiss billionaire,