Overview

This bill amends the National Security Bill to enhance transparency regarding foreign interference in UK elections and to review the memorandum of understanding between the Prime Minister and the Intelligence and Security Committee (ISC).

Description

The bill introduces two key changes. First, it mandates UK-registered political parties to annually publish statements detailing donations received from foreign powers, directly or indirectly, and submit these details to the Electoral Commission. The initial policy statement is required within three months of the act passing. Second, it requires a review of the memorandum of understanding between the Prime Minister and the ISC, considering the impact of the National Security Bill on intelligence and security activities. This review must commence within six months of the act's passage and any revisions must be agreed upon by both parties.

Government Spending

The bill does not directly specify government spending. The costs will likely be associated with increased administrative work for political parties, the Electoral Commission, and the ISC in reporting, reviewing and managing this new regulatory framework. No specific figures are provided in the bill.

Groups Affected

• UK-registered political parties: Required to publish annual statements of foreign donations and submit them to the Electoral Commission. This increases their administrative burden.
• Electoral Commission: Will receive and process annual statements of foreign donations from all registered parties.
• Intelligence and Security Committee (ISC): Will engage in reviewing the memorandum of understanding with the Prime Minister.
• The Public: Will have greater transparency regarding foreign funding of political parties.

Powered by nyModel