; or (F) a corporation in which one or more foreign nationals (other than those described in subparagraph (C)) holds, owns, controls, or otherwise has directly or indirectly acquired beneficial ownership of equity or voting shares in an aggregate amount equal to or greater than 20 percent of total equity or outstanding voting shares (as determined by excluding any equity or shares owned by a mutual fund), including a separate segregated fund of such a corporation. (2) Use of quarterly SEC reports In the case of a corporation which is required to file quarterly reports with the Securities and Exchange Commission under section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ), the determination as to whether a corporation is described in subparagraph (D), (E), or (F) shall be based on the most recent such report. . 102. Prohibiting foreign-affiliated section 501(c)(4) organizations from making certain election-related disbursements Title III of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30101 et seq.) is amended by adding at the end the following new section: 325. Prohibition on certain election-related disbursements by foreign-affiliated section 501(c)(4) organizations (a) Prohibition It is unlawful for a foreign-affiliated section 501(c)(4) organization to make an election-related disbursement described in subsection (b). (b) Election-Related disbursement described An election-related disbursement described in this subsection is any of the following: (1) A contribution to a super PAC. (2) An independent expenditure. (3) The disbursement of funds for the dissemination of an electioneering communication. (c) Definition of foreign-Affiliated section 501(c)(4) organization In this section, a foreign-affiliated section 501(c)(4) organization is a section 501(c)(4) organization with respect to which— (1) the amount of contributions provided to the organization by foreign nationals described in subparagraph (C) of section 319(b)(1) was equal to or greater than 5 percent of the gross receipts of the