| 1 | 1 | | I |
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| 2 | 2 | | 118THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 988 |
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| 5 | 5 | | To amend title 18, United States Code, to prohibit the establishment of |
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| 6 | 6 | | a corporation to conceal election contributions and donations by foreign |
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| 7 | 7 | | nationals. |
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| 8 | 8 | | IN THE HOUSE OF REPRESENTATIVES |
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| 9 | 9 | | FEBRUARY14, 2023 |
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| 10 | 10 | | Mr. A |
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| 11 | 11 | | LLRED(for himself and Mr. CROW) introduced the following bill; which |
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| 12 | 12 | | was referred to the Committee on the Judiciary |
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| 13 | 13 | | A BILL |
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| 14 | 14 | | To amend title 18, United States Code, to prohibit the estab- |
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| 15 | 15 | | lishment of a corporation to conceal election contribu- |
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| 16 | 16 | | tions and donations by foreign nationals. |
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| 17 | 17 | | Be it enacted by the Senate and House of Representa-1 |
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| 18 | 18 | | tives of the United States of America in Congress assembled, 2 |
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| 19 | 19 | | SECTION 1. SHORT TITLE. 3 |
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| 20 | 20 | | This Act may be cited as the ‘‘Shell Company Abuse 4 |
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| 21 | 21 | | Act’’. 5 |
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| 22 | 22 | | SEC. 2. PROHIBITION. 6 |
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| 23 | 23 | | (a) I |
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| 24 | 24 | | NGENERAL.—Chapter 29 of title 18, United 7 |
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| 25 | 25 | | States Code, is amended by adding at the end the fol-8 |
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| 26 | 26 | | lowing: 9 |
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| 27 | 27 | | VerDate Sep 11 2014 05:15 Mar 03, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H988.IH H988 |
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| 28 | 28 | | kjohnson on DSK79L0C42PROD with BILLS 2 |
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| 29 | 29 | | •HR 988 IH |
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| 30 | 30 | | ‘‘§ 612. Establishment of corporation to conceal elec-1 |
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| 31 | 31 | | tion contributions and donations by for-2 |
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| 32 | 32 | | eign nationals 3 |
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| 33 | 33 | | ‘‘(a) O |
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| 34 | 34 | | FFENSE.—It shall be unlawful for an owner, 4 |
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| 35 | 35 | | officer, attorney, or incorporation agent of a corporation, 5 |
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| 36 | 36 | | company, or other entity to establish or use the corpora-6 |
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| 37 | 37 | | tion, company, or other entity with the intent to conceal 7 |
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| 38 | 38 | | an activity of a foreign national (as defined in section 319 8 |
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| 39 | 39 | | of the Federal Election Campaign Act of 1971 (52 U.S.C. 9 |
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| 40 | 40 | | 30121)) prohibited under such section 319. 10 |
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| 41 | 41 | | ‘‘(b) P |
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| 42 | 42 | | ENALTY.—Any person who violates subsection 11 |
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| 43 | 43 | | (a) shall be imprisoned for not more than 5 years, fined 12 |
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| 44 | 44 | | under this title, or both.’’. 13 |
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| 45 | 45 | | (b) T |
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| 46 | 46 | | ABLE OFSECTIONS.—The table of sections for 14 |
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| 47 | 47 | | chapter 29 of title 18, United States Code, is amended 15 |
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| 48 | 48 | | by inserting after the item relating to section 611 the fol-16 |
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| 49 | 49 | | lowing: 17 |
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| 50 | 50 | | ‘‘612. Establishment of corporation to conceal election contributions and dona- |
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| 51 | 51 | | tions by foreign nationals.’’. |
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| 52 | 52 | | Æ |
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| 53 | 53 | | VerDate Sep 11 2014 05:15 Mar 03, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H988.IH H988 |
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| 54 | 54 | | kjohnson on DSK79L0C42PROD with BILLS |
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