"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."
"The potential for criminals to buy these types of companies without ever divulging their names or interest is a threat to our security and to our well being."
"The very requirement of having someone state beneficial ownership is important because it brings an aspect of daylight onto the activities of these criminal corporate entities."
"To allow companies to provide anything less than the beneficial owner information merely provides criminals with an opportunity to evade responsibility."
"We are trying to protect the rights of the States here."
"Finally, because I'm over my time, Mr. Blum, do you have a comment on the tipoff issue?"
"Law enforcement now wants to find out who the beneficial owners are."
"Our bill, the Levin-Grassley-McCaskill bill, that is the subject of today's hearing, would assist our law enforcement community instead of thwarting it."
"They still do not get the information that is the most important to law enforcement, who is the beneficial owner."
"It should be kept in the United States where it is easily accessible."