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"Incorporation Transparency and Law Enforcement Assistance Act"

Larry Ribstein and J.W. Verret (George Mason, Mercatus Center) explain a pending Congressional bill sponsored by Senators Levin (D-MI), Grassley (R-IA), and McCaskill (D-MO), requiring among other things that states keep regularly updated track of the beneficial ownership of privately held firms, and they explore the very considerable burdens it would heap on legitimate small businesses.



Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.