Carl Levin actually said...

Senator Levin's bill offers one solution to this problem, which is to set a national minimum standard for State incorporation practices that...

So like the company that Senator Carper mentioned that is listed on the stock exchange with a securities commission, they would be exempted ...

the Department strongly supports any Federal legislation that would bring transparency to this area.

Our bill requires that filers provide beneficial owner information up front at the time of incorporation.