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US HR8347

US HR8347
Shell Company Abuse Act


summary

Introduced
09/22/2020
In Committee
09/22/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

Makes it unlawful to establish or use a corporation, company, or other entity with the intent to conceal an election contribution or donation by a foreign national. A violator is subject to criminal penalties—a fine, a prison term of up to five years, or both.

AI Summary

This bill, the Shell Company Abuse Act, makes it unlawful to establish or use a corporation, company, or other entity with the intent to conceal a foreign national's (as defined in the Federal Election Campaign Act) prohibited election contribution or donation. Violators would face criminal penalties of up to 5 years in prison, a fine, or both.

Committee Categories

Justice

Sponsors (3)

Last Action

Referred to the House Committee on the Judiciary. (on 09/22/2020)

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