3 ms·
You’d need a federal level legislation to achieve that (and perhaps a constitutional amendment). The states decide the information requirements in their jurisd
by kasey_junk 4y ago
You’d need a federal level legislation to achieve that (and perhaps a constitutional amendment).
The states decide the information requirements in their jurisdictions and many have vested interests in not changing them (particularly Delaware where this case is).
- mikeyouse 4y agoThis is called a beneficial ownership registry and Biden signed the most recent NDAA which actually included a rule to create this. FinCen is developing the framework now and we should have much more transparency pretty soon; https://www.fincen.gov/news/news-releases/fact-sheet-beneficial-ownership-information-reporting-notice-proposed-rulemaking https://www.fincen.gov/news/news-releases/fact-sheet-benefic...