H.R. 988 · 118th Congress
Shell Company Abuse Act
- Stage
- In committee
- Sponsor
- Colin Allred
- Introduced
- 2023-02-14
- Latest action
- 2023-02-14 · Introduced in House
Summary
Shell Company Abuse Act
This bill 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.