Shell Company Abuse Act

119 HR 2816 IH: Shell Company Abuse Act U.S. House of Representatives 2025-04-10 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 2816 IN THE HOUSE OF REPRESENTATIVES April 10, 2025 Mr. Bell (for himself, Mr. Bacon , Mr. Crow , and Mr. Fitzpatrick ) 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. 1. Short title This Act may be cited as the Shell Company Abuse Act . 2. Prohibition (a) In general Chapter 29 of title 18, United States Code, is amended by adding at the end the following: 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. .