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A project of Common Dreams

For Immediate Release
Contact:

Eric LeCompte, Executive Director

Kate Zeller, Campaigns Director
kate@jubileeusa.org / (o) (202) 783-3566 x105

Senate Bill Tackles Tax Evasion, Secrecy and Money Laundering

WASHINGTON

Last Wednesday, Senators Ron Wyden (D-OR), Marco Rubio (R-FL) and Sheldon Whitehouse (D-RI) introduced the Corporate Transparency Act of 2019, which would reveal the secret owners of shell corporations to law enforcement.

"This legislation is critical to stop crime, tax evasion and corruption," stated United Nations finance expert and Jubilee USA Executive Director, Eric LeCompte. "Shell companies facilitate human trafficking, tax evasion and the stealing of relief monies in the developing world."

In mid-June the House of Representatives voted in the House Financial Services Committee to release the House Bill for a vote this year. The House legislation is sponsored by Representative Carolyn Maloney (D-NY), Representative Peter King (R-NY) and Representative Tom Malinowski (D-NJ).

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