H.R. 2513: Corporate Transparency Act of 2019

116th Congress

To ensure that persons who form corporations or limited liability companies in the United States disclose the beneficial owners of those corporations or limited liability companies, in order to prevent wrongdoers from exploiting United States corporations and limited liability companies for criminal gain, to assist law enforcement in detecting, preventing, and punishing terrorism, money laundering, and other misconduct involving United States corporations and limited liability companies, and for other purposes.

Sponsor: Rep. Carolyn Maloney — D — NY

H.R. 2513 would require certain corporations and limited liability companies, or applicants to form such entities, to provide information to the Financial Crimes Enforcement Network annually. Violators of the bill’s provisions would be subject to civil and criminal penalties

View the full vote history of this bill on GovTrack.us.