"the NCCUSL proposal fails to cure the problem and would create a host of new ones."
"Having access to beneficial ownership information is critically important."
"Our bill requires that filers provide beneficial owner information up front at the time of incorporation."
"the law enforcement community, very much supports this bill and wants to avoid an unfunded mandate"
"This legislation, which is the result of work done by Senator Levin's Permanent Subcommittee on Investigations (PSI), seeks to increase the transparency of business formation practices as a way to red..."
"The beneficial owner standard in FATF has been there for 20 years, by the way."
"That is not even a close question. It should be in the United States."
"Informing suspects of active U.S. law enforcement investigations is not a good way to thwart or punish crime."
"Introducing this legislation, Mr. Chairman, was not our first choice."
"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."
"So like the company that Senator Carper mentioned that is listed on the stock exchange with a securities commission, they would be exempted from this bill."