Planned Company Formation Transparency Bill May Have Legs in 2012, Says Senate Investigator

By Brian Monroe

The chairman of the U.S. Senate's Permanent Subcommittee on Investigations will reintroduce a measure that would require company formation agents to record beneficial ownership data, a government official said Tuesday. The measure by Sen. Carl Levin (D-MI) will be submitted within "months" and will expand on bills previously forwarded by Levin in May 2008 and March 2009, according to Robert Roach, the counsel and chief investigator for the subcommittee, known as PSI. Roach made the comments during a panel at the 9th Annual Offshore Alert Conference in Miami Beach, FL. While previous iterations of the expected bill never passed out...