S. 2939 — Introduced in Senate

II 115th CONGRESS 2d Session S. 2939 IN THE SENATE OF THE UNITED STATES May 23, 2018 Mr. Whitehouse (for himself, Mr. Grassley, Mr. Durbin, Mr. Graham, and Mr. Blumenthal) introduced the following bill; which was read twice and referred to the Committee on Rules and Administration 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. .