Ben McAdams on Corporations | |
Project Vote Smart inferred whether candidates agree or disagree with the statement, 'Economy: Do you support lowering corporate taxes as a means of promoting economic growth?' PVS self-description: "The Political Courage Test provides voters with positions on key issues. Historically, candidates have failed to complete our test due to the advice they receive from their advisors and out of fear of negative attack ads."
GovTrack.us Summary: Corporate Transparency Act (CTA): To ensure that persons who form corporations or limited liability companies disclose the owners, in order to prevent exploitation for criminal gain, to assist law enforcement against terrorism, money laundering, and other misconduct.
Statement in support by Rep. Charlie Crist (D-FL-13): This bipartisan bill closes the shell corporation loophole by requiring identification of the actual person or persons who stand to gain financially from the arrangement. "Each year, nearly two million corporations are formed in the U.S., often requiring less information about the owner of than is needed to open a bank account. Unfortunately, this has allowed bad actors to exploit our laws--establishing shell companies that are used as a vehicle for money launderers and human traffickers," said Rep. Crist.
Statement in opposition by The Heritage Foundation: Under the CTA, religious organizations and charities would be subject to fines unless they file a written certification with the Financial Crimes Enforcement Network. The CTA is easily and lawfully avoided by the sophisticated, and would do virtually nothing to achieve their stated aim of protecting society from illicit finance. The Improving Laundering Laws and Increasing Comprehensive Information Tracking of Criminal Activity in Shell Holdings Act [ILLICT CASH Act, the Republican-introduced alternative] makes meaningful improvements to other aspects of anti–money laundering laws.
Legislative outcome: Bill Passed House, 249-173-10 on Rollcall no. 577, Oct. 22, 2019. [The 116th Congress terminated with no Senate action on this bill].
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2021-22 Governor, House and Senate candidates on Corporations: | Ben McAdams on other issues: | |||
UT Gubernatorial: Aimee Winder Newton Chris Peterson Gary Herbert Greg Hughes Jeff Burningham Jon Huntsman Mike Weinholtz Rocky Anderson Spencer Cox UT Senatorial: Craig Bowden Jenny Wilson Jonathan Swinton Mike Lee Misty Snow Mitt Romney |
Open Seats / Turnovers 2022:
AL-5: Mo Brooks (R) running for AL Senator CA-37: Karen Bass (D) running for mayor of Los Angeles FL-10: Val Demings (D) running for FL Senator FL-13: Charlie Crist (D) running for FL governor HI-2: Kai Kahele (D) running for MD governor MD-4: Anthony G. Brown (D) running for attorney general of Maryland MO-4: Vicky Hartzler (R) running for MO Senator MO-7: Billy Long (R) running for MO Senator NY-1: Lee Zeldin (R) running for NY governor NY-3: Thomas Suozzi (D) running for NY governor NC-8: Ted Budd (R) running for NC Senator NC-11: Madison Cawthorn (R) Incumbent lost renomination OH-13: Tim Ryan (D) running for OH Senator OK-2: Markwayne Mullin (R) running for OK Senator OR-5: Kurt Schrader (D) Incumbent lost renomination PA-17: Conor Lamb (D) running for PA Senator SC-7: Tom Rice (R) Incumbent lost renomination TX-1: Louie Gohmert (R) running for attorney general of Texas VT-0: Peter Welch (D) running for VT Senator Special Elections 2021: LA-2: Troy Carter (R, April 2021) LA-5: Julia Letlow (R, March 2021) NM-1: Melanie Stansbury (D, June 2021) OH-11: Shontel Brown (D, Nov. 2021) OH-15: Mike Carey (R, Nov. 2021) TX-6: Jake Ellzey (R, July 2021) |
Hot Races 2022:
CA-27: Christy Smith (D) vs. Mike Garcia (R) FL 27: Annette Taddeo (D) vs. Maria Elvira Salazar (R) GA-7: Carolyn Bourdeaux (D) lost redistricting race to Lucy McBath (D) GA-10: Vernon Jones(R) vs. Paul Broun (R,lost May 24 primary) to replace Jody Hice (R) running for Secretary of GA ME-2: Bruce Poliquin (R) rematch against Jared Golden (D) MI-10: John James (R) - running for newly redistricted seat MI-11: Andy Levin (D) redistricted to face Haley Stevens (D) MT 1: Ryan Zinke (R) - running for newly created seat MT-2: Al Olszewski(R) vs. Sam Rankin(Libertarian) vs. Matt Rosendale(R) NJ-7: Thomas Kean Jr. (R) challenging Tom Malinowski (R) NY-10: Bill de Blasio (D) challenging Mondaire Jones (D) NY-11: Max Rose (D) challenging Nicole Malliotakis (R) NY 12: Carolyn Maloney (D) redistricted to face Jerry Nadler (D) RI-2: Seth Magaziner (D) vs. Allan Fung (R) RI-1: Allen Waters (R) vs. David Cicilline (D) TX-34: Mayra Flores (R) - Elected SPEL June 2022; general election Nov. 2022 against Vicente Gonzalez (D) WA-4: Brad Klippert (R) challenging Dan Newhouse (R) WV-2: David McKinley lost a redistricting race to fellow incumbent Alex Mooney Special Elections 2022: AK-0: Sarah Palin (R) vs. Al Gross (Independent) CA-22: Connie Conway (R) replaced Devin Nunes on June 7. FL-20: Sheila Cherfilus-McCormick (D) replaced Alcee Hastings on Jan. 11. MN-1: vacancy left by Jim Hagedorn (R), deceased Feb. 17; SPEL on August 9. NE-1: Jeffrey Fortenberry (R) Resigned on March 31, after being convicted; Mike Flood (R) in SPEL on June 28. NY-19: Marc Molinaro (R) running for SPEL Aug. 23 for seat vacated by Antonio Delgado (D), now Lt.Gov. TX-34: Mayra Flores (R) SPEL June 14 for seat vacated by Filemon Vela Jr. (D) |
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