STOP Shells Act

# STOP Shells Act Summary **What the Bill Would Do** The STOP Shells Act (HR 4530) is a bill introduced in the House of Representatives that aims to address issues related to shell companies—businesses created to hide the true ownership of assets or conduct business without revealing the actual people behind them. While specific details about the bill's exact provisions aren't provided in the available information, such legislation typically seeks to increase transparency requirements for shell companies or impose stricter regulations on how they operate and who can establish them. **Who It Affects and Current Status** This bill would likely affect business owners, financial institutions, and potentially the general public by increasing disclosure requirements around corporate ownership. It was introduced by Representative Keith Self (R-Texas) in the 119th Congress.

Currently, the bill is in committee, meaning it has been referred to the appropriate congressional committee for review and debate but has not yet been voted on by the full House of Representatives. To determine its exact provisions and full impact, you would need to review the complete bill text on Congress.gov.