So like the company that Senator Carper mentioned that is listed on the stock exchange with a securities commission, the...
Senator Levin's bill offers one solution to this problem, which is to set a national minimum standard for State incorpor...
Are you suggesting that under the Commerce Clause of the U.S. Constitution, given what corporations do across boundaries...
It is imperative that not be the case here.
My time is up, but I would just say that we ask banks all the time for who the beneficial owners of accounts are, and th...
You make no reference to beneficial owner in your proposal at all, do you?
Instead of collecting beneficial ownership information at the time that a new corporation is being formed in the United ...
How can we possibly justify our failure to do what we have committed to do: Obtain beneficial ownership information for ...
So they could identify a shell corporation in Panama or someplace as the record owner of that company?
I wonder if the Justice Department could just quickly say, don't we ask banks for beneficial owners?
the Department strongly supports any Federal legislation that would bring transparency to this area.
The very requirement of having someone state beneficial ownership is important because it brings an aspect of daylight o...
Finally, because I'm over my time, Mr. Blum, do you have a comment on the tipoff issue?
Law enforcement now wants to find out who the beneficial owners are.
Our bill, the Levin-Grassley-McCaskill bill, that is the subject of today's hearing, would assist our law enforcement co...
They still do not get the information that is the most important to law enforcement, who is the beneficial owner.
But when it became clear that the States would not step up to the plate, we then introduced the bill.
Should be.
