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.
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8347 Introduced in House (IH)]
<DOC>
116th CONGRESS
2d Session
H. R. 8347
To amend title 18, United States Code, to prohibit the establishment of
a corporation to conceal election contributions and donations by
foreign nationals.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
September 22, 2020
Mr. Rouda (for himself, Mr. Allred, and Mr. Levin of Michigan)
introduced the following bill; which was referred to the Committee on
the Judiciary
_______________________________________________________________________
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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Shell Company Abuse Act''.
SEC. 2. PROHIBITION.
(a) In General.--Chapter 29 of title 18, United States Code, is
amended by adding at the end the following:
``Sec. 612. Establishment of corporation to conceal election
contributions and donations by foreign nationals
``(a) Offense.--It shall be unlawful for an owner, officer,
attorney, or incorporation agent of a corporation, company, or other
entity to establish or use the corporation, company, or other entity
with the intent to conceal an activity of a foreign national (as
defined in section 319 of the Federal Election Campaign Act of 1971 (52
U.S.C. 30121)) prohibited under such section 319.
``(b) Penalty.--Any person who violates subsection (a) shall be
imprisoned for not more than 5 years, fined under this title, or
both.''.
(b) Table of Sections.--The table of sections for chapter 29 of
title 18, United States Code, is amended by inserting after the item
relating to section 611 the following:
``612. Establishment of corporation to conceal election contributions
and donations by foreign nationals.''.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on the Judiciary.
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