Religious: Senate Pass Transparency Legislation (tags)
More than 80 national religious bodies and local churches, synagogues and Muslim groups sent a letter to the Senate urging passage of the ILLICIT CASH Act (S.2563) and the Corporate Transparency Act (S.1978).
Congress Votes on Corporate Transparency Act (tags)
Washington DC - The House of Representatives scheduled a vote for 5:15 PM EST on the Corporate Transparency Act of 2019 (H.R. 2513). The bill reveals the true owners of "anonymous" shell companies to law enforcement.
Senate Bill Tackles Tax Evasion, Secrecy and Money Laundering (tags)
Senators Ron Wyden (D-OR), Marco Rubio (R-FL) and Sheldon Whitehouse (D-RI) introduced the Corporate Transparency Act of 2019, which would reveal the secret owners of shell corporations to law enforcement.
Financial Transparency Legislation Clears House Financial Services Committee (tags)
The bill would create a database of the real "beneficial owners" of American companies, potentially unmasking the true owners of thousands of shell companies.
House Hearing Reviews Financial Transparency Legislation (tags)
The House of Representatives is holding hearings on legislative initiatives to deter corruption and secrecy in the global financial system. The Financial Services Subcommittee on National Security, International Development and Monetary Policy convenes a March 13th hearing on "Promoting Corporate Transparency: Examining Legislative Proposals to Detect and Deter Financial Crime."
Treasury Takes Aim at Shell Companies (tags)
The US Treasury is calling for greater scrutiny into the use of "anonymous" shell companies. Last week, Treasury Secretary Steven Mnuchin urged Congress to quickly pass legislation to make the identity of shell company owners available to law enforcement.
Bipartisan Senate and House Bills Tackle Abusive Shell Company Practices (tags)
Senator Marco Rubio (R-FL) and Senator Ron Wyden (D-OR) introduced the Corporate Transparency Act.
Legislation Combats Shell Company Corruption (tags)
Representatives Carolyn Maloney (D-NY) and Peter King (R-NY) heralded the House introduction of the Corporate Transparency Act at a press conference at the House Triangle.