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

Tier 1 – Omission or Negligence: Civil fine up to 200% of hidden value.
Tier 2 – Willful Concealment: Criminal charges and up to 10 years imprisonment.
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.