On June 20, BPI President & CEO Greg Baer testified before the Senate Banking Committee on reforms to end anonymous shell companies by requiring business owners to provide their name, date of birth, address, and driver’s license or passport number when forming a new company.
In advance of the hearing, BPI released a survey conducted by Morning Consult that suggests reform is broadly supported by small business owners. Of small business owners with an opinion, 75% said that they support providing their personal information when forming a company, and two-thirds believe that a requirement to provide personal information would not be burdensome. Please click here to read the full survey.
To access the submitted written testimony, please click here.
“Outside Perspectives on the Collection of Beneficial Ownership Information”
U.S. Senate Committee on Banking, Housing, and Urban Affairs
Date of Hearing: Thursday, June 20, 2019
Source: https://www.banking.senate.gov/hearings/outside-perspectives-on-the-collection-of-beneficial-ownership-information
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