I am pleased to present the Joint Committee on the National Security Strategy’s third report of this Parliament, which addresses political finance and foreign influence. The UK's current political finance system is outdated and inadequate in an era where state threats are increasing. Transparency International UK estimates that tens of millions of pounds flow into UK politics through loopholes, while US intelligence reports suggest Russia spent over £300 million influencing politicians in 24 countries from 2014 to 2022. The Government has introduced the Representation of the People Bill but needs to go further. Our Committee found that foreign state threats are growing, and new technologies make corporate behaviour easier to evade due diligence checks. There is concern about wealthy individuals like Elon Musk potentially donating large sums. We recommend creating a new enforcement lead within the police service reforms, fixing basic loopholes in donation rules, implementing tougher declarations and penalties, giving the Electoral Commission new powers, banning crypto donations until proper safeguards are in place, ensuring proper resourcing for investigations, and making changes proportionate.