Affordability Act logo Affordability Act

Section 7 — Integrity, Accountability, and Global Fairness

Purpose

To preserve the integrity of national and international markets while ensuring affordability protections are applied equally and fairly across all jurisdictions.

Bankruptcy Transparency

  • Entities filing bankruptcy must disclose all domestic and foreign assets.
  • Transfer of ownership to family or shell corporations within 36 months before filing is automatically subject to review and potential clawback.
  • Executives or board members found abusing bankruptcy protections lose eligibility for corporate registration for 10 years.

Offshore Accounts and Tax Evasion

  • Any individual or corporation with U.S. assets must declare all offshore holdings annually.
  • Undeclared assets are subject to immediate forfeiture under the Foreign Affordability Transparency Act (FATA).
  • Financial institutions failing to report holdings face joint liability.

Market Stabilization: Affordability Equity Adjustment Mechanism (AEAM)

  • When affordability reforms reduce corporate nominal asset valuations, affected companies may issue share adjustments (non-monetary compensation).
  • Example: if valuation drops by 50%, the company may issue a 2-for-1 split, maintaining total shareholder value.
  • AEAM transactions must be disclosed to the SEC and shareholders before execution.
  • This ensures affordability progress without destabilizing retirement funds or public investment portfolios.

International Reciprocity

  • Any foreign entity operating within U.S. property, vehicle, or insurance markets must comply with affordability and transparency standards.
  • Reciprocal enforcement agreements shall be pursued with partner nations.

Penalty Structure

  1. Tier 1 – Omission or Negligence: Civil fine up to 200% of hidden value.
  2. Tier 2 – Willful Concealment: Criminal charges and up to 10 years imprisonment.
  3. Tier 3 – Systemic Abuse or Repeat Offense: Asset forfeiture and permanent disqualification from market participation.

Global Cooperation

  • The FOAO, Treasury, and State Department will coordinate global data sharing on property, asset ownership, and affordability indices.
  • A biannual Global Affordability Report will measure international compliance and recommend global alignment standards.
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