I thank the noble Lord for his work in this space to make sure that we have faith and trust in the many democratic institutions that are part of the wider ecosystem. On the substance of his question, electoral law already covers think tanks that donate or spend during regulated election periods. Our reforms will ensure that those with a genuine UK connection can contribute to our democracy—for instance, by requiring recipients to undertake “know your donor” due diligence to guard against illegitimate foreign funding. The Government are committed to protecting our democracy from foreign actors. As I said, the Rycroft review will form a vital part of this work. I look forward to discussing this—over many hours, probably—in your Lordships House when the legislation is in front of us.