On its way to the US Senate, this bill (H.R. 2513) will make mandatory the disclosure of beneficial owner(s) of any LLC or Corporation: anybody with more than 25% ownership. Annual reports will be made to FinCEN. The disclosed information will not be publicly available. The data to be disclosed will be:
- the full legal name ;
- the date of birth ;
- the current residential address ;
- and the current valid passport number (or valid US state driver license number).
Exempted entities are: insurances, banks, any SEC regulated entities, churches, or 501(c) non-profit entities.
View the full legal text for reference: