This year has seen a wave of proposed bills in state legislatures across the United States aimed at regulating foreign-influenced political activity at the state level. While legislation varies from state to state, their shared goal is to bring transparency to political activity by foreign entities or countries or to target influence activities undertaken by certain foreign governments. While stylized to mirror portions of the Foreign Agents Registration Act (FARA), in reality, many of these laws are broader than FARA and lack the core exemptions that companies may have grown accustomed to relying upon.