Americans for Public Trust (APT) launched a digital ad campaign: Close the Wyss Loophole. The ad explains that Swiss billionaire Hansjorg Wyss has donated hundreds of millions of dollars in support of left-wing candidates and causes by exploiting the foreign influence loophole and skirting laws designed to stop foreign nationals from influencing the American political system.
Background
- In July, APT released a report illustrating Wyss’s extensive web of left-wing dark money organizations and called on Congress to put an end to the Wyss Loophole.
- After the report was released, House Administration Committee Chairman Bryan Steil introduced the ACE Act, aiming to halt the Wyss loophole and forbid foreign nationals from meddling in American politics.
- Last month, the House Ways & Means Committee wrote an open letter addressing concerns and seeking information on nonprofit political campaign intervention and the avenues foreign money flows through 501(c)(4) organizations to influence the American political system.
Click HERE to read reporting on APT’s “Close the Wyss Loophole” ad campaign.
“Swiss billionaire Hansjorg Wyss has doled out hundreds of millions of dollars to various left-wing groups actively pursuing radical policies,” said Americans for Public Trust Executive Director Caitlin Sutherland. “He’s taken advantage of gaps in our laws that are designed to ban foreign nationals from influencing American elections. It’s time for Congress to close the Wyss loophole that has allowed foreign dark money to flood the American political system.”
