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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Jan 19, 2021.
Shell Company Abuse Act
This bill makes it unlawful to establish or use a corporation, company, or other entity with the intent to conceal an election contribution or donation by a foreign national.
A violator is subject to criminal penalties—a fine, a prison term of up to five years, or both.