The powerful real estate lobby appears to be siding with oligarchs in opposing tougher new laws that would prevent them from hiding their assets in U.S. property purchases.
Even before Russian President Vladimir Putin sent troops into Ukraine Washington lawmakers were crafting legislation that would shred the secrecy veil that hides the identities of foreign nationals who purchase billions of dollars of U.S. real estate every year. Momentum for those reforms only has grown since Russia's invasion and the worldwide focus on seizing oligarchs' assets.
