117 HR 1279 IH: Shell Company Abuse Act U.S. House of Representatives 2021-02-24 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.

I117th CONGRESS1st SessionH. R. 1279IN THE HOUSE OF REPRESENTATIVESFebruary 24, 2021Mr. Allred (for himself and Mr. Levin of Michigan) introduced the following bill; which was referred to the Committee on the JudiciaryA BILLTo 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..