Ownership Transparency

The U.S. is the easiest place in the world for a criminal, terrorist, tax cheat, or kleptocrat to open an anonymous shell company to launder their money with impunity. Anonymous corporations are great ways to hide money and other assets — they can hold a bank account or buy a yacht. Criminals often layer anonymous corporations, with one owning another and so on, making it even harder for law enforcement to “trace the money” and figure out who is directing the company’s activity. It’s time to ending the use of anonymous shell companies as vehicles for illicit activity by requiring that the true owners of U.S. companies be disclosed at the time of formation and updated upon any change.

Congress Shouldn’t Stimulate Tax Dodgers or Fraudsters

As Congress debates the next round of stimulus funding and the nation grapples with the COVID-19 pandemic, it is worth taking a brief moment to make sure we are thoughtful in our response. It is integral to the health and prosperity of the American people that the policies designed to respond to this extraordinary moment …

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