The bill does not change State law. It adopts a Federal requirement that the States ask the question on the incorporation form about beneficial ownership.
Carl Levin: “The bill does not change State law. It adopts a Federal requirement that the States ask the question on the…”
Editor's note · Context
Levin clarifies that the bill sets a federal requirement without altering state laws.
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May I inquire how much time I have remaining. The Acting CHAIR. The gentleman from Michigan has 45 seconds remaining.
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