Under the Trump Administration, Chinese-manufactured imports were subject to large tariffs. China countered with a multi-pronged strategy to evade U.S. tariffs and trade restrictions. Recently, Chinese manufacturers have exploited a loophole in U.S. trade law by...
Forced labor is used around the world, particularly in the People’s Republic of China where the government continues to brutally repress Uyghurs and other ethnic groups from the Xinjiang Uyghur Autonomous Region (XUAR). The U.S. must remain firm in its unwavering...
This year, both the Mahsa Amini Human Rights and Security Accountability Act (MAHSA) and the Stop Harboring Iranian Petroleum Act (SHIP) were successfully signed into law (P.L. 118-50). However, the Biden-Harris Administration has failed to meet the deadlines to...
U.S. Senator Marco Rubio (R-FL) joined The Ingraham Angle to discuss potential foreign involvement in the assassination attempts on President Trump. See below for highlights. On the involvement of foreign actors in assassination attempts on American political figures:...
Vice Chairman Marco Rubio (R-FL) of the Senate Select Committee on Intelligence questioned Meta President of Global Affairs Nick Clegg on fact-checking policies at Facebook and Instagram during a hearing on the responsibility of U.S. tech companies to help secure our...
Vice Chairman Marco Rubio (R-FL) of the Senate Select Committee on Intelligence delivered opening remarks during a hearing on the responsibilities of U.S. technology companies to help secure our nation from foreign influence operations in the 2024 elections. “I think...
Washington, D.C. – U.S. Senators Marco Rubio (R-FL) and Ron Wyden (D-OR) today introduced the Corporate Transparency Act (S. 1717), legislation that would prevent individuals from using anonymous shell corporations to engage in illicit activities like money laundering, sex trafficking, fraud and terrorist financing.
Under current state incorporation laws, the ultimate owners of a limited liability company (LLC), or shell corporation, are not required to be disclosed. The Rubio-Wyden legislation would fix this and require the beneficial owners of U.S.-based shell corporations to appropriately disclose their identities. This transparency will give law enforcement officials the information they need to investigate financial crimes. Individuals who fail to submit accurate ownership information will be subject to financial penalties or jail time.
“Unsurprisingly, anonymity can lend itself well to hiding nefarious activity,” said Rubio. “We must work to ensure that law enforcement has the basic information, tools, and authorities at its disposal to identify and disrupt illicit activities affecting our communities and our national security, whether its human trafficking, healthcare fraud, transnational corruption, or terrorism financing.”
“For too long criminals have been able to hide behind shell companies to finance terrorism, launder money and defraud the government at the expense of American taxpayers,” said Wyden. “This kind of lawlessness could be directed by individuals with access to the highest levels of government. Congress must give state and federal enforcers the information they need on day one to effectively cut off the flow of dark money to extremely dangerous people.”