This upcoming Sunday, the people of Venezuela will hold an election that, if legitimate, would put an end to years of the oppressive Maduro narco-regime. U.S. Senator Marco Rubio (R-FL) issued a statement in support of the Venezuelan people: “The...
Este próximo domingo, el pueblo venezolano tendrá una elección que, de ser legítima, pondría fin a años de opresión por parte del narco-régimen de Maduro. El senador estadounidense Marco Rubio (R-FL) grabó un mensaje de video en español y emitió una declaración en...
Twenty-three years ago, the United States was attacked by Islamic terrorists on September 11, 2001. Now, Zacarias Moussaoui, the only person convicted in a U.S. court for his role in the attack, has requested the U.S. Department of Justice to allow a prisoner transfer...
U.S. Senator Marco Rubio’s (R-FL) office will host 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 Senator Rubio’s...
As the U.S. Department of Veterans Affairs (VA) opens up new facilities, many veterans are losing access to the VA’s Community Care Program and, consequently, their long-term healthcare providers. Veterans throughout the country have reported a loss of care, including...
The U.S.-India partnership is vital to countering influences from Communist China. In order to strengthen this partnership, it is essential to enhance our strategic diplomatic, economic, and military relationship with New Delhi. U.S. Senator Marco Rubio (R-FL)...
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.”