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S. 1978 (116th): Corporate Transparency Act of 2019

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A bill 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.

The bill’s titles are written by its sponsor.

Sponsor and status

Ron Wyden

Sponsor. Senior Senator for Oregon. Democrat.

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Last Updated: Jun 26, 2019
Length: 29 pages
Introduced
Jun 26, 2019
116th Congress (2019–2021)
Status
Died in a previous Congress

This bill was introduced on June 26, 2019, in a previous session of Congress, but it did not receive a vote.

See Instead

H.R. 2513 (same title)
Passed House (Senate next) — Oct 22, 2019

Source

Position statements

What legislators are saying

Rubio Secures Provision in Defense Bill to Combat Financial Crime by Ending Anonymous Shell Companies
    — Sen. Marco Rubio [R-FL] (Co-sponsor) on Dec 11, 2020

Supreme Court must prevent uncompensated theft of Western water
    — Rep. Greg Walden [R-OR2, 1999-2020] on Jun 19, 2020

Walden, LaMalfa, Bentz: Supreme Court must prevent uncompensated theft of Western water
    — Rep. Greg Walden [R-OR2, 1999-2020] on Jun 18, 2020

More statements at ProPublica Represent...

History

Jun 26, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

S. 1978 (116th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number S. 1978. This is the one from the 116th Congress.

This bill was introduced in the 116th Congress, which met from Jan 3, 2019 to Jan 3, 2021. Legislation not passed by the end of a Congress is cleared from the books.

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“S. 1978 — 116th Congress: Corporate Transparency Act of 2019.” www.GovTrack.us. 2019. June 15, 2021 <https://www.govtrack.us/congress/bills/116/s1978>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.