Carl Levin actually said...

"Instead of collecting beneficial ownership information at the time that a new corporation is being formed in the United States, as our bill does, the NCCUSL proposal would allow hidden persons to obta..."

"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?"