Public Citizen, others endorse Incorporation Transparency and Law Enforcement Assistance Act

Yesterday, Public Citizen alongside the Center for Corporate Policy, Citizens for Tax Justice, Friends Fiduciary Corporation, Global Financial Integrity, Global Witness, Government Accountability Project, MaryKnoll, New Rules for Global Finance, Oxfam America, and Tax Justice Network USA delivered a letter to leaders of the Senate Committee on Homeland Security and Governmental Affairs (PDF) expressing support for S. 569, the Incorporation Transparency and Law Enforcement Assistance Act. This legislation, as the letter describes,

"...will help law enforcement stop the misuse of U.S. corporations for tax fraud, money laundering, terrorist financing and other illicit financial transactions... [and will] bring the United States in line with international standards of transparency."

At a committee hearing yesterday, the bill's sponsor, Sen. Carl Levin (D-Mich.), referenced this letter in his opening remarks (around the 37 minute mark of the hearing video) and inserted its text into the hearing record.

"There is a long list of endorsers of our legislation, including the Federal Law Enforcement Officers Association, Fraternal Order of Police, National Association of Assistant U.S. Attorneys and more; it's been endorsed by groups combatting financial and corporate abuses including Tax Justice Network, Global Financial Integrity, Citizens for Tax Justice, Public Citizen and more."

Read the full letter here (PDF).

Comments

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The best on the net! I love Public Citizen, others endorse Incorporation Transparency and Law Enforcement Assistance Act. It's really wonderful.