Federal HB2816 prohibits establishing corporations to hide foreign nationals' election contributions and donations.
Federal HB2816, known as the Shell Company Abuse Act, amends title 18 of the United States Code to prohibit the establishment of corporations intended to conceal election contributions and donations by foreign nationals. The bill adds a new section to Chapter 29 of title 18, making it unlawful for an owner, officer, attorney, or incorporation agent to establish or use a corporation with the intent to hide such activities. Violators face imprisonment for up to 5 years, a fine, or both.
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