State Government Affairs, Elections & Campaigns
How Lieutenant Governors Are Selected (And Why It Matters)
December 10, 2025 | Bill Kramer
January 23, 2026 | Andrew Jones
Key Takeaways:
At the end of each year, our policy analysts share insights on the issues that have been at the forefront of state legislatures throughout the session during their review of thousands of bills across all 50 states. Here are the big developments and high-level trends we saw last year in the election policy space, plus what you can expect in 2026.
In recent years, bills seeking to limit the influence of foreign corporations, individuals, and nonprofits on elections have proliferated. Legislation primarily limits or prohibits political donations and ballot measure activity by foreign entities.
In 2025, five states enacted laws limiting political activity by foreign actors, with an additional ten states moving a bill through at least one house, and four states introducing bills that didn’t progress further.
Arkansas legislators passed HB 1800, which requires foreign-supported political organizations to register with the Ethics Commission and provide information about their spending beginning in 2026. Legislators in Indiana passed HB 1467, which will prohibit foreign nationals from spending in connection with "public questions," including ballot measures and constitutional amendments.

Kentucky enacted HB 45, which prohibits foreign nationals from making donations to election committees and ballot measures. Legislators in Montana passed HB 818, which expands the definition of foreign national and prohibits them from spending or participating in ballot measure campaigns. Tennessee enacted HB 888, which requires political campaigns to obtain affirmations from donors that they are not foreign nationals. Finally, California policymakers approved AB 953, which will prohibit foreign nationals and foreign principals from contributing to ballot measures and political campaigns.
We expect more states to limit foreign campaign contributions in 2026. Several states, including larger states such as Arizona and New York, had bills pass at least one chamber in 2025 and sponsors are likely to attempt again in 2026. Nevada's legislature passed SB 414, which would have prohibited foreign nationals from donating to inaugural or transition committees, but the bill was vetoed by Gov. Joe Lombardo (R). As this bill also included a provision requiring candidates to disclose their stock holdings, it is possible that the bill will return in some form in Nevada's next session in 2027.
While these bills remain popular, it is important to note that there are potential legal challenges ahead. Maine voters passed Question 2 in 2023, which prohibited entities with at least 5% foreign government control from spending money in state elections. In August, the initiative was blocked by a federal appeals court, with Judge Lara Montecalvo noting that the prohibition was overly broad, limiting the rights of entities not materially controlled by foreign governments. Restrictions that are too expansive for those who are defined as foreign persons may face similar legal challenges.
MultiState’s team is actively identifying and tracking election policy issues so that businesses and organizations have the information they need to navigate and effectively engage. If your organization would like to further track these or other related issues, please contact us.
December 10, 2025 | Bill Kramer
December 10, 2025 | Bill Kramer
November 5, 2025 | Bill Kramer