This is an impressive wish list for Congress that indicates serious US resolve on the part of the Biden administration to continue pursuing Russian elites' assets.

But some quick thoughts... 1/5 whitehouse.gov/briefing-room/… "has a connection to specified unlawful conduct"

"proceeds directly obtained from corrupt dealings"

These are tricky terms if the intention is to go after "oligarchs," many of whom made their money unfairly but - on paper - legally in 1990s/2000s Russia. 2/5

There it is! The Corporate Transparency Act is in the final text of the NDAA.

All that’s left is a must-pass vote and the President’s signature.

Then its goodbye to anonymous ownership of US shell companies and a bad day for kleptocrats, terrorists, cartels and rogue regimes. If you fancy a read, it begins on page 2,950 of this monster 3,652-page bill: docs.house.gov/billsthisweek/…

At 2PM today, the House Financial Services Committee will begin discussing legislation to end anonymous US companies, strengthen the Bank Secrecy Act #AML regime, and reward whistleblowers in transnational kleptocracy cases.

Read more/watch live here: financialservices.house.gov/calendar/event… Tomorrow @HudsonInstitute, join @FranklinFoer @elisejosanbean and KI to discuss the US economy’s systemic vulnerability to dirty money from authoritarian regimes. Why it’s poisoning capitalism, and how upcoming legislation could help turn the tide! hudson.org/events/1664-am…