1. Short title This Act may be cited as the Prevent Corrupting Foreign Influence Act . 2. Foreign influence over the President and Vice President (a) In general Chapter 11 of title 18, United States Code, is amended by adding at the end the following: 227A. Foreign influence over the President and Vice President (a) Prohibition Except as provided in subsection (b), whoever, being a covered person or covered entity, knowingly— (1) accepts anything of value from a foreign state or foreign entity; or (2) receives anything of value from a foreign state or foreign entity, shall be fined under this title, imprisoned not more than 5 years, or both. (b) Exceptions Subsection (a) shall not apply— (1) in the case of any investment by a foreign state or entity in a mutual fund, which includes a covered entity in its portfolio; (2) in the case of any investment by a foreign state or entity in an asset held in a blind trust on behalf of a covered person; (3) in the case that the thing accepted or received is of minimal value, and any other thing or things accepted or received by such covered person or covered entity from such foreign state or foreign entity during that calendar year do not exceed minimal value