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Increased Transparency for Foreign Funds and Penalties for Non-Registration

This new act expands the Attorney General's authority to investigate foreign entities operating in the U.S., particularly those linked to sovereign wealth funds. It introduces new civil penalties for failing to register or providing incomplete information, aiming to enhance oversight of foreign influence and protect citizens' interests.
Key points
Greater scrutiny of foreign sovereign wealth funds: Promotional or political activities by sovereign wealth funds will now require registration, making their operations in the U.S. more transparent.
New powers for the Attorney General: The Attorney General can demand documents, written answers, and oral testimony from individuals suspected of acting on behalf of foreign governments without proper registration.
Financial penalties for non-compliance: Individuals failing to register as foreign agents or providing incomplete information may face fines up to $10,000. Deliberate concealment of information could result in fines up to $200,000.
Enhanced transparency: The act aims to increase transparency of foreign activities in the U.S., potentially impacting national security and public awareness of foreign influence.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1488
Sponsor: Sen. Blumenthal, Richard [D-CT]
Process start date: 2025-04-10
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Sovereign Wealth Fund Transparency Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1488.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-04-10.

What are the main provisions?

Key points include:

  • Greater scrutiny of foreign sovereign wealth funds: Promotional or political activities by sovereign wealth funds will now require registration, making their operations in the U.S. more transparent.
  • New powers for the Attorney General: The Attorney General can demand documents, written answers, and oral testimony from individuals suspected of acting on behalf of foreign governments without proper registration.
  • Financial penalties for non-compliance: Individuals failing to register as foreign agents or providing incomplete information may face fines up to $10,000. Deliberate concealment of information could result in fines up to $200,000.
  • Enhanced transparency: The act aims to increase transparency of foreign activities in the U.S., potentially impacting national security and public awareness of foreign influence.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Blumenthal, Richard [D-CT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Courts and Law Security Economy