Saturday, December 26, 2020
The Corporate Transparency Act is part of the 2021 National Defense Authorization Act (NDAA). This is important bi-partisan legislation that will provide transparency when companies and individuals are using shell corporations to "thwart law enforcement and hide their illicit activities." (See Rep. Carolyn B. Malony's webpage). A description of the Act can be found here. See Morris Pearl, Congress just passed the most important anti-corruption reform in decades, but hardly anyone knows about it , (Dec. 26, 2020).