Shell Company Abuse Act

Hozzl · 2025-05-06T08:05:29Z

Explore the details of House Bill 2816 Shell Company Abuse Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

5/6/2025, 8:05 AM

Summary of Bill HR 2816

The Shell Company Abuse Act, introduced in the 119th Congress on April 10, 2025, aims to address issues related to shell company abuse. The bill, designated as H.R. 2816, focuses on measures to prevent and combat the misuse of shell companies for illicit activities. Specific provisions and directives outlined in the bill include enhanced reporting requirements for shell company ownership, measures to increase transparency in corporate structures, and mechanisms to identify and mitigate financial crimes facilitated by shell entities. Further details and the full text of the bill can be accessed at the provided links to the official PDF version and text formats.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 2816

Bill HR 2816 is currently in the status of Bill Introduced since April 10, 2025. Bill HR 2816 was introduced during Congress 119 and was introduced to the House on April 10, 2025. Bill HR 2816's most recent activity was Referred to the House Committee on the Judiciary. as of April 10, 2025

Bipartisan Support of Bill HR 2816

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 2816

Primary Policy Focus

Alternate Title(s) of Bill HR 2816

To amend title 18, United States Code, to prohibit the establishment of a corporation to conceal election contributions and donations by foreign nationals.

Comments

Evie Todd

1,139

1 year ago

Ugh, can't believe they passed this bill. It's gonna make things so much harder for me and my family. Just when you think things can't get any worse, they go and do something like this. #frustrated