As a devoted golf enthusiast and an ardent supporter of the PGA Tour, I am increasingly troubled by the potential encroachment of foreign proxy funds on the integrity of our U.S. businesses, including those that contribute to the rich tapestry of golf and its professional tournaments.

I am spearheading this petition because I felt it was integral to safeguard the ownership of our domestic corporations, be they public or private entities. 



Foreign government proxy funds, like the Public Investment Fund (PIF), use financial intermediaries like LIV in attempts to acquire U.S. corporations. If unchecked, these acquisitions could potentially manipulate and control our industries, affecting our domestic economy and even our cherished sports like Golf.



According to a 2020 report by the U.S. Department of Commerce, foreign holdings in U.S. public and private corporations were over $4.46 trillion, an alarming figure indicating the extent of foreign penetration in U.S. enterprises. The figures could inevitably climb if not legislated appropriately (U.S. Department of Commerce, 2020).



The U.S. Congress has the power to enforce stringent measures preventing the acquisition of our corporations by foreign government proxies.

This is not simply a matter of protecting business interests, but of national economic security and the preservation of our unique sporting heritage. 

In light of these reasons, I request your support in petitioning the U.S. Congress to pass legislation preventing any foreign government proxy fund from buying U.S. headquartered public and private corporations.



Time is of the essence. The integrity of home-grown industries, and our beloved sports like the PGA Tour, rests on our collective action today.