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Bill > HR988


US HR988

US HR988
Shell Company Abuse Act


summary

Introduced
02/14/2023
In Committee
02/14/2023
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To amend title 18, United States Code, to prohibit the establishment of a corporation to conceal election contributions and donations by foreign nationals.

AI Summary

This bill, the Shell Company Abuse Act, amends the United States Code to prohibit the establishment of corporations, companies, or other entities with the intent to conceal activities by foreign nationals that are prohibited under the Federal Election Campaign Act. Specifically, it makes it unlawful for an owner, officer, attorney, or incorporation agent to create such an entity to hide foreign national contributions or donations in elections. Violators can face up to 5 years in prison, a fine, or both.

Committee Categories

Justice

Sponsors (2)

Last Action

Referred to the House Committee on the Judiciary. (on 02/14/2023)

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