U.S. Senator Marco Rubio’s (R-FL) office will host in-person and virtual Mobile Office Hours next week to assist constituents with federal casework issues in their respective local communities. These office hours offer constituents who do not live close to one of...
Following the impacts of Hurricanes Helene and Debby, some local governments in Florida face looming budget shortfalls that could disrupt disaster recovery efforts. If these local governments receive reimbursements for past hurricanes from the Federal Emergency...
Following Hurricane Helene’s catastrophic path through northwest Florida, U.S. Senator Marco Rubio (R-FL) met with local officials and volunteers from Citrus County. Senator Rubio also met with small business owners impacted by the storm. Photos are courtesy of...
Following Hurricane Helene’s catastrophic damage, U.S. Senator Marco Rubio (R-FL) met with first responders, local officials, and volunteers in Pasco County. Photos are courtesy of Senator Rubio’s office. Senator Rubio meets with Pasco County Sheriff Chris Nocco...
U.S. Senator Marco Rubio (R-FL) met with Cedar Key residents and homeowners who were impacted by Hurricane Helene. Rubio then met with members of the aquaculture industry to discuss the impact multiple hurricanes have had on the industry. Photos are courtesy of...
U.S. Senator Marco Rubio (R-FL) visited the Taylor County Emergency Operation Center (EOC) and Keaton Beach, an area highly impacted by Hurricane Helene. Photos are courtesy of Senator Rubio’s office. Senator Rubio meets with Taylor County Sheriff Wayne Padgett....
Washington, D.C. — U.S. Senator Marco Rubio (R-FL) secured a provision in the National Defense Authorization Act (NDAA) for Fiscal Year 2021 (H.R. 6395) conference report that passed the Senate that will help stop criminals, including sophisticated criminal organizations, from using anonymous shell corporations to engage in illicit activities like money laundering, sex trafficking, fraud, and terrorist financing. The anti-money laundering provisions in the FY21 NDAA conference report includes and builds upon the Corporate Transparency Act (S. 1978), bipartisan legislation he reintroduced last year. The Senate’s action sends the final conference report to the President.
Senator Rubio first introduced the bipartisan Corporate Transparency Act with Senator Ron Wyden (D-OR) in August 2017. In August 2018, Rubio, Wyden, and Senator Sheldon Whitehouse (D-RI) succeeded in passing bipartisan legislation to lay the groundwork to expand a U.S. Department of the Treasury initiative to curb foreign nationals laundering money through high-end real estate. The Miami Herald also published an in-depth report on Rubio’s continued efforts to crackdown on dirty money in real estate.
“In my home State of Florida, including in Miami, our law enforcement professionals know all too well that criminals readily use shell companies to remain anonymous and hide nefarious activity,” Rubio said. “I was proud to help secure this important provision in the NDAA that targets criminals hiding behind shell companies to engage in illicit activities like human trafficking, healthcare fraud, transnational corruption, and terrorist financing. It is imperative that law enforcement has the basic information, tools, and authorities at its disposal to identify and disrupt criminal acts that put our communities and our national security at risk.”
Last December, Rubio chaired a Senate Foreign Relations Subcommittee on Western Hemisphere, Transnational Crime, Civilian Security, Democracy, Human Rights, and Global Women’s Issues hearing titled “Illicit Mining: Threats to U.S. National Security and International Human Rights.” The hearing examined how anonymous shell corporations are used to engage in illicit activity, including money laundering.
Specifically, the Corporate Transparency Act will: