The U.S. Senate Committee on Homeland Security and Governmental Affairs will hold a hearing on the Incorporation Transparency and Law Enforcement Assistance Act this Thursday at 2:30pm.  Passage of the act would provide valuable tools to law enforcement officers to combat money laundering, tax fraud, and terrorist financing.  However, perhaps the most significant aspect of such legislation would be to counter the image of the United States as a tax haven – something that could be particularly useful as President Obama tries to crack down on tax shelters around the world.

The hearing is currently scheduled to hear from Janice Ayala, Deputy Assistant Director, Office of Investigations, U.S. Immigration and Customs Enforcement, U.S. Department of Homeland Security; Jennifer Shasky Calvery, Senior Counsel to the Deputy Attorney General, U.S. Department of Justice; The Honorable Elaine F. Marshall, Secretary of State, State of North Carolina; Adam S. Kaufman, Assistant District Attorney General, New York County, State of New York; and Harry J. Haynsworth IV, Chair, Drafting Committee on “Uniform Law Enforcement Access to Entity Information Act,” Uniform Law Commission.

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