Senate Bill 569, the Incorporation Transparency and Law Enforcement Assistance Act, sponsored by Senator Levin et al., requires the filing of corporation or LLC beneficial ownership information with the state filing office. This act among other things would also require vetting the identity of foreign stock or LLC membership through a business formation agent. Additionally it would place business formation agents under the Bank Secrecy Act (see S 506) and provide penalties for submitting false information.
http://thomas.loc.gov/home/c111query.html (type in the name of the bill in the ?Enter Search? box)
