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News

September 19, 2018

Proposed Bill to Force Title Insurance Companies To Report Identities of High-Priced RE Deal LLCs

 

In early August, Sen. Lindsey Graham and a number of bipartisan senators introduced S. 3366, "The Defending American Security from Kremlin Aggression Act," whose title makes it clear that it is designed to counter the Russian government in its efforts to destabilize the United States.

The bill has a sizable number of provisions, including a ban on Russian state banks, sanctions on investment in Russian oil and gas companies, and sanctions on Russians suspected of cyberattacks against the United States.

Also tucked in the bill is language that would require title insurance companies to disclose who is behind LLCs in major real estate deals. Read more at BISNOW.

 
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