The bill would require corporations and limited liability companies to tell the Treasury who really owns them
Rep. Carolyn Maloney, D-N.Y., arrives for the House Democrats' caucus meeting in the Capitol on Feb. 26, 2019. She is expected to introduce a bill that would require corporations and limited liability companies to tell the Treasury Department who really owns them. (Bill Clark/CQ Roll Call file photo)
After bouncing around Congress for over a decade, a bill to crack down on anonymous shell companies used in money laundering and tax evasion may advance this year, having attracted support from some strange bedfellows, including banks, unions, the national security community, human rights advocates, environmentalists, multinational corporations, law enforcement and the Trump administration.
Democratic Rep. Carolyn B. Maloney is expected to introduce the bill with her fellow New Yorker, Republican Rep. Peter T. King, as Congress returns from recess, and it could go to markup as soon as May 8.