s 8 50412 1209614400 false 1209614400 2956 615 110 300066 5/1/2008--Introduced.<br/>Incorporation Transparency and Law Enforcement Assistance Act - Amends the Homeland Security Act of 2002 to: (1) establish uniform requirements for states relating to the disclosure of beneficial owners of corporations and limited liability companies formed in such states and the updating of such disclosures; (2) require states to maintain beneficial ownership disclosure information for five years after a corporation or limited liability company is terminated; (3) impose additional identification requirements for the beneficial owners of corporations or limited liability companies who are not U.S. citizens or lawful permanent residents of the United States; and (4) provide for additional civil and criminal penalties for individuals who provide false beneficial ownership information to a state. Defines &quot;beneficial owner&quot; as an individual who has a level of control over a business entity that enables such individual to control, manage, or direct such entity.<br/>Requires the Secretary of the Treasury to publish a proposed and final rule to require persons involved in forming a corporation, limited liability company, partnership, trust, or other legal entity to establish anti-money laundering programs.<br/>Requires the Comptroller General to study and report to Congress on state requirements for the disclosure of beneficial owners of partnerships, trusts, or other legal entities formed in such states.<br/> 1209614400 2008-05-01 Fri Nov 07 18:22:04 -0600 2008 introduced 50412 'law':36 'bill':2 'form':8 'gain':33 'unit':12,28,50 'ensur':4 'money':44 'order':22 'owner':17 'state':13,29,51 'assist':35 'corpor':9,20,30,52 'crimin':32 'detect':39 'enforc':37 'involv':49 'person':6 'punish':42 'purpos':56 'terror':43 'disclos':14 'exploit':27 'launder':45 'prevent':24,40 'benefici':16 'wrongdoer':25 'misconduct':48 58773 false A bill to ensure that persons who form corporations in the United States disclose the beneficial owners of those corporations, in order to prevent wrongdoers from exploiting United States corporations for criminal gain, to assist law enforcement in detecting, preventing, and punishing terrorism, money laundering, and other misconduct involving United States corporations, and for other purposes. official introduced 50412 'act':7 'law':4 'assist':6 'enforc':5 'incorpor':1 'transpar':2 60036 true Incorporation Transparency and Law Enforcement Assistance Act popular introduced 50412 'act':7 'law':4 'assist':6 'enforc':5 'incorpor':1 'transpar':2 61043 false Incorporation Transparency and Law Enforcement Assistance Act short action 50412 1209614400 Thu May 01 00:00:00 -0500 2008 160895 Sponsor introductory remarks on measure. (CR S3704-3706) L000261 1934-06-28 12591 269 Russell Senate Office Building http://levin.senate.gov/contact/ 202-224-1388 Carl 'd':4 'mi':5 'sen':1 'carl':2,6,8 'levin':3,7,9 M 300066 Levin Carl_Levin Sen. Carl Levin [D, MI] 7016 N00001691 25904 Democrat 202-224-6221 Jewish MI Sen. Carl Levin 2.01515151515152 http://levin.senate.gov/ C001057 1949-08-17 9617 Norm 'norm':1,3,5 'coleman':2,4,6 M 300024 Coleman Norm_Coleman Norm Coleman 3923 N00013870 8495 Republican Jewish Norm Coleman 2.8 O000167 1961-08-04 28998 Barack 'obama':2,4,6 'barack':1,3,5 M 400629 Obama Barack_Obama Barack Obama 8812 N00009638 54697 Democrat United Church of Christ Barack Obama 3.72651356993737 action 50412 1209614400 Thu May 01 00:00:00 -0500 2008 160895 Sponsor introductory remarks on measure. (CR S3704-3706) introduced 50412 1209614400 Thu May 01 00:00:00 -0500 2008 152177 action 50412 1209614400 Thu May 01 00:00:00 -0500 2008 152178 Read twice and referred to the Committee on Homeland Security and Governmental Affairs.