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‘The Wyss Loophole’: Campaign Grows To Halt Foreign Billionaire’s Spending On US Politics

  • There is a growing push for legislation to bar wealthy foreign billionaires like Switzerland’s Hansjorg Wyss from pouring hundreds of millions of dollars in support of leftist causes in the United States, with a new ad campaign arguing that the billionaire’s aim is using a loophole to transform U.S. politics.
  • The ad campaign from Americans for Public Trust, a nonpartisan watchdog, says Wyss has steered hundreds of millions of dollars to leftist and Democrat-aligned groups, pushing for changes to U.S. election laws and radical policies such as packing the Supreme Court.
  • Caitlin Sutherland, the group’s executive director, said Wyss is doing so “taking advantage” of gaps in our legal system to influence elections.
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