Unfortunately, nonprofits are not only entities, are not the only entities steering outside money into the US legal system. Foreign linked funds are investing in lawsuits against U.S. businesses across almost every sector of the economy for profit. I assume based on your testimony today that you believe we shouldn't allow the abuse of our tax code by organizations that characterize themselves as not for profit when they are more akin to agents of foreign governments. (01:40–01:48)
CLAIM
Asserts that foreign-linked funds are financing lawsuits against U.S. businesses for profit.
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