11
Nov
By Stuart M. Saft, Partner, Holland & Knight LLP
The U.S. House of Representatives passed the Corporate Transparency Act of 2019 (HR 2513) by a vote of 249-173, including 25 Republicans, on Oct. 22, 2019. A companion bill is being reviewed by the Senate. The purpose of HR 2513 is to create a national database of the beneficial owners (Beneficial Owners) of corporations and limited liability companies (LLCs) in the United States "to assist law enforcement in detecting, preventing, and punishing terrorism,...