Prevent Corrupting Foreign Influence Act

“227A. Foreign influence over the President and Vice President

“(a) Prohibition—Except as provided in subsection (b), whoever, being a covered person or covered entity, knowingly—

“(1) accepts anything of value from a foreign state or foreign entity; or

“(2) receives anything of value from a foreign state or foreign entity,

“(b) Exceptions—Subsection (a) shall not apply—

“(1) in the case of any investment by a foreign state or entity in a mutual fund, which includes a covered entity in its portfolio;

“(2) in the case of any investment by a foreign state or entity in an asset held in a blind trust on behalf of a covered person;

“(3) in the case that the thing accepted or received is of minimal value, and any other thing or things accepted or received by such covered person or covered entity from such foreign state or foreign entity during that calendar year do not exceed minimal value; or

“(4) in any case in which the covered person acted in accordance with section 7342 of title 5 or the Mutual Education and Cultural Exchange Act of 1961 (22 U.S.C. 2451 et seq.).

“(c) Definitions—In this section:

“(1) The term covered person means the President, Vice President, and their immediate family members.

“(2) The term covered entity means any entity in which a covered person has not less than a 50 percent ownership interest.

“(3) The term immediate family member means, with respect to the President or Vice President, a parent, parent-in-law, spouse, child, or sibling of the President or Vice President.

“(4) The term foreign entity means any entity in which a foreign state has not less than a 50 percent ownership interest.

“(5) The term “minimal value” has the meaning given that term in section 7342(a)(5) of title 5.”

“(H) a parent, parent-in-law, child, or sibling of the President or Vice President.”