Senators take aim at Russian oligarch's property

[Yo_Mama_Been_Loggin]

Bipartisan bill unveiled to track down oligarch assets

A bipartisan group of senators released a bill Friday meant to empower the U.S. to more easily track down real estate, yachts, private jets and other luxuries owned by foreign oligarchs.

The bill, called the Kleptocrat Liability for Excessive Property Transactions and Ownership (Klepto) Act, would impose far stricter rules for how much information must be disclosed about who is purchasing a wide range of assets often used for money laundering.

Sens. Elizabeth Warren (D-Mass.), Sheldon Whitehouse (D-R.I.), Roger Wicker (R-Miss.) and Bill Cassidy (R-La.) introduced the bill Friday as a way to ramp up pressure on Russian President Vladimir Putin.

“Right now in this country, sanctioned Russian oligarchs, criminals and terrorists are able to stash their money in the shadows by buying and selling mansions, yachts and private jets,” Warren said.

https://www.msn.com/en-us/news/politics/on-the-money-senators-take-aim-at-russian-oligarch-s-property/ar-AAW1e5i

[Phoenix61]

1. Long over due. nt