e California subsidiary of Dalian Wanda is illustrative of the potential for exploitation granted by the US- subsidiary exception. The FEC found that Lakeshore, a Chicago real estate company whose principals are US citizens, was the source of the money that funded a local ballot initiative in California that

t initiative in California that would have blocked a Wanda competitor from expanding. Wanda acknowledged that the money for the measure had come from Lakeshore, with which Wanda does business, in the form of a $1.2 million loan. In its conclusion, the FEC did not rule on whether foreign restrictions applied