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H.R.3331: Incorporation Transparency and Law Enforcement Assistance Act

About this Bill

You can read the bill
Sponsor Carolyn B. Maloney, D-N.Y.
Total Cosponsors 7 (5 Democrats, 2 Republicans)
Introduced Oct. 23, 2013
Latest Major Action Oct. 23, 2013
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Incorporation Transparency and Law Enforcement Assistance Act - Directs the Secretary of the Treasury to: (1) issue regulations requiring corporations and limited liability companies formed in a state that does not have a formation system providing for the disclosure, updating, and verification of beneficial ownership information to file with the Secretary information about their beneficial ownership as required by this Act; and (2) provide such information pursuant to a civil or criminal subpoena or summons from a federal or state agency or a congressional committee or a written request by a federal agency on behalf of another country or by the Financial Crimes Enforcement Network.

Defines a "beneficial owner," "corporation," "limited liability company," and "formation agent" for purposes of this Act.

Sets forth requirements for state formation systems regarding beneficial ownership information, including: (1) the identification of beneficial owners by name, reside...

(Source: Congressional Research Service)

Bill Actions

Date Description
Oct. 23, 2013 Referred to the House Committee on Financial Services.