The Progressive

NewsWire

A project of Common Dreams

For Immediate Release

Congress Votes on Corporate Transparency Act

WASHINGTON

The House of Representatives scheduled a vote for 5:15 PM EST on the Corporate Transparency Act of 2019 (H.R. 2513). The bill reveals the true owners of "anonymous" shell companies to law enforcement.

"This legislation helps us stop human traffickers and corrupt public officials and protects development aid," said Eric LeCompte, a United Nations finance expert and the Executive Director of the religious development group Jubilee USA. LeCompte's organization generated thousands of messages to Congress in support of the bill. "Shell companies contribute to a trillion dollar loss to the developing world every single year." The bill, sponsored by Representatives, Peter King (R-NY), Carolyn B. Maloney (D-NY) and Tom Malinowski (D-NJ) would prevent types of Medicare fraud and stop a number of criminal activities.

Read Jubilee USA's Action Alert on the Corporate Transparency Act

Jubilee USA Network is an interfaith, non-profit alliance of religious, development and advocacy organizations. We are 75 U.S. institutions and more than 750 faith groups working across the United States and around the globe. We address the structural causes of poverty and inequality in our communities and countries around the world.

(202) 783-3566