Carl Levin actually said...

"How can we possibly justify our failure to do what we have committed to do: Obtain beneficial ownership information for the corporations formed within the United States?"

"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."