Source: FOX News
Summary
A new report by Americans for Public Trust (APT) highlights a loophole allowing foreign nationals to funnel money to influence American politics “virtually unchecked.” The report alleges that six foreign entities have funneled over $2.65 billion into American politics. The entities come from Switzerland, Denmark, and the United Kingdom, with the largest donor being Switzerland-based Oak Foundation. The report also points out that the Oak Foundation has supported left-wing environmental groups and has positioned itself as a major supporter of China’s Belt and Road Initiative.
Our Reading
As expected, the matter has reached another stage.
The House Ways & Means Committee is set to hold a hearing titled “Foreign Influence in American Non-profits: Unmasking Threats from Beijing and Beyond.” The hearing will focus on the alleged foreign funding of U.S. nonprofits and its impact on American politics. The report by APT highlights a loophole that allows foreign nationals to funnel money to influence American politics “virtually unchecked.” The entities mentioned in the report come from Switzerland, Denmark, and the United Kingdom, with the largest donor being Switzerland-based Oak Foundation. Oak Foundation has supported left-wing environmental groups and has positioned itself as a major supporter of China’s Belt and Road Initiative. The report also points out that the Oak Foundation has poured tens of millions into the Arabella network of left-wing advocacy groups. The Arabella network has received funding from other foreign entities, including the
