A no-brainer bill to fight crime: Require corporations to disclose who runs them

June 29th, 2009

By Robert Morgenthau
New York Daily News

The U.S. Senate Committee for Homeland Security and Governmental Affairs is considering a bill that would require the states, when they allow someone to create a corporate entity, to obtain information about the true ownership of the corporation.

The pending bill, the Incorporation Transparency and Law Enforcement Assistance Act, has bi-partisan support and is sponsored by Sens. Carl Levin (D-Mich.), Chuck Grassley (R-Iowa) and Claire McCaskill (D-MI). This bill is being reviewed by committee Chairman Joe Lieberman, who is a straight-shooting and no-nonsense senator with a track record of supporting law enforcement and national security.

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