John Sarbanes

“ EFFECTIVE DATE.—The amendment made by paragraph (1) shall apply with respect to materials disseminated on or after the expiration of the 60-day period which begins on the date of the enactment of this Act. (d) Definition.—Section 1 of such Act (22 U.S.C. 611) is amended by inserting after subsection (i) the following new subsection: “ (j) The term ‘online platform’ means any public-facing website, web application, or digital application (including a social network, ad network, or search engine) .”. ”

“ NO FINES PAID BY FOREIGN PRINCIPALS.—A civil money penalty paid under paragraph (1) may not be paid, directly or indirectly, by a foreign principal. “ (5) USE OF FINES.—All civil money penalties collected under this subsection shall be used to defray the cost of the enforcement unit established under subsection (i) .”. (b) Effective Date.—The amendment made by subsection (a) shall take effect on the date of the enactment of this Act. ”

“ To the extent that the registrant has knowledge of any transaction which occurred in the preceding 60 days and in which the foreign principal for whom the registrant is acting as an agent conferred on a Federal or State officeholder any thing of financial value, including a gift, profit, salary, favorable regulatory treatment, or any other direct or indirect economic or financial benefit, a detailed statement describing each such transaction.”. ”