Banning Shell Companies Used to Conceal Foreign Election Contributions.
This Act aims to protect election integrity by making it illegal to establish or use a corporation or entity specifically to hide prohibited political contributions from foreign nationals. Individuals involved, such as owners or attorneys, face penalties including up to 5 years in prison and fines. This measure strengthens the security of the democratic process against hidden foreign influence.
Key points
Establishes a new federal crime for setting up entities (shell companies) to conceal illegal election donations by foreign nationals.
Penalties for violation include imprisonment for up to 5 years, fines, or both, targeting corporate officers and agents.
Status:
Expired
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