|You might favor this bill if:
► You believe that a report should be made available to Congress regarding Russian President Vladimir Putin's sources of income, his estimated net worth, shell companies used by him, and the identities of the most significant Russian officials and oligarchs who facilitate Putin's acts. A detailed compilation of Putin's assets and businesses will help Congress better understand how they could be used against the U.S.
|You might oppose this bill if:
► You believe that having Congress compile a direct report regarding the Russian President could further strain the relationship between Russia and the U.S., possibly being detrimental for the U.S.
The Vladimir Putin Transparency Act is a bipartisan legislation which would direct the U.S. intelligence community to report to Congress regarding the financial assets and hidden networks used by Russian President Vladimir Putin.
Introduced by Rep. Val Demings (D-FL) and Rep. Elise M. Stefanik (R-NY), the bill directs the Office of the Director of National Intelligence to compile a report addressing several topics. These include:
- Putin's estimated net worth and known sources of income;
- intermediaries, including shell companies he uses; and
- the identities of the most significant Russian senior officials and oligarchs who facilitate his corrupt acts.
“Russia and Putin have been allowed free reign by this administration and as a result our democracy is still at risk. The best way to assail the power of Putin and his enablers is to go after the illegal and secret financial streams that fund their operations. It’s time to fight back and protect our democracy," said Rep. Demings (D-FL). “Twenty-six Russians and three Russian companies have already been indicted for interfering with the 2016 election, but this administration has done little to prevent future attacks. Russia has continued its campaigns of disinformation, propaganda, and political and military pressure against U.S. allies and interests.”
"Putin and his political allies seek to weaken democracies worldwide by consolidating their political control through unethical means. I am proud to cosponsor this bill which aims to identify Putin and his allies for who they are: nefarious political actors undermining democracies,” said Rep. Stefanik (R-NY). “This legislation is an important step to ensuring the security of our elections and upholding democracy around the world.”
The legislation passed the House on March 12th, 2019 with by voice vote. The bill now sits in the Senate.
“Every American has the right to a safe country and a secure democracy where their voice matters. This bipartisan legislation is a crucial first step to ensure that the rights of the American people matter more than corrupt Russian money," said Rep. Demings.
Sponsored by: Rep. Demings, Val Butler [D-FL-10].
Cosponsored by: 2 Rep / 1 Dem.
Sponsored by: Sen. Tester, Jon [D-MT].
Cosponsored by: 0 Rep / 1 Dem.