Defense authorization act, defying Trump veto, ends anonymous U.S. shell companies

Defense authorization act, defying Trump veto, ends anonymous U.S. shell companies
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[Ed. – You probably weren’t aware that provision was in the NDAA.  I wasn’t.  Trump’s objection all along has been that he wanted the NDAA to include gutting Section 23o protections for social media and their rampant censorship of conservative speech.  It will be interesting to see what effect it has to impose the transparency requirement on incorporation.  Something tells me left-wing and anti-American corporations, such as 501-series entities, will continue to find ways to hide their ownership.]

An historic anti-corruption measure ending anonymous companies in the United States became law on Friday, capping a more than decade-long campaign by transparency advocates, after both Chambers of Congress voted to override the president’s veto of the annual defense bill.  The Financial Accountability and Corporate Transparency (FACT) Coalition, which led the organizing effort, praised the enactment of the Corporate Transparency Act, which was included in the National Defense Authorization Act.

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