The chairman of the House Financial Services Committee introduced legislation Monday that would indefinitely delay a federally administered U.S. beneficial ownership registry scheduled to launch in January 2024.
A bipartisan group of lawmakers from both chambers of Congress demanded in a letter published Tuesday that the U.S. Financial Crimes Enforcement Network rework a proposed beneficial-ownership form they warn would fundamentally undermine the Corporate Transparency Act.
A bipartisan group of U.S. senators has urged the Financial Crimes Enforcement Network to overhaul a draft rule that would govern access to the U.S. government's first beneficial-ownership registry.
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