Likewise, our Manifest Modernization act would shine a light on opaque import records to help law enforcement take down bad actors. For too long, the US has allowed cartels, terrorists, rogue states, Chinese money laundering organizations and foreign oligarchs to use phony US Shell corporations in their illicit schemes. These anonymous companies may exist only on paper, but they enable deadly threats to Americans lives and security and to the stability of countries around the world. (13:41–13:55)
CLAIM
Asserts that the U.S. has allowed various illicit actors to use phony U.S. shell corporations.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
