3.0.0 3659 2022-02-03T05:11:23Z 2022-02-03T05:11:23Z Senate S S 2008-10-01 110 ssfi00 Finance Committee Senate Standing Referred to 2008-10-01T19:17:19Z 2008-10-01 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2008-10-01 Introduced in Senate IntroReferral 10000 9 Library of Congress S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. N Taxation Affiliated corporations Business records Commerce Congress Congressional reporting requirements Corporations Finance and Financial Sector Financial statements Fines (Penalties) Government Operations and Politics Government paperwork Government publicity Governmental investigations Income tax Law Securities regulation Tax penalties Tax returns Taxation 00 2008-10-01 Introduced in Senate 2008-11-07T16:01:56Z Corporate Transparency Act of 2007 [sic] - Amends the Internal Revenue Code to require the Secretary of the Treasury to: (1) disclose to the Securities and Exchange Commission (SEC) certain tax return information of public entities whose securities are required to be registered under the Securities and Exchange Act of 1934 relating to the reconciliation of financial income statements with income tax returns (i.e., Schedule M-3); and (2) post on the Internet certain identifying and financial information for such entities. Imposes penalties on entities that fail to file required information.

Requires the Secretary to study and report to Congress on the reconciliation of differences between financial income statements of public entities with income tax returns.

]]> Corporate Transparency Act of 2007 Short Titles as Introduced Corporate Transparency Act of 2007 Display Title Corporate Transparency Act of 2007 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide for the disclosure of schedule M-3 to the Securities and Exchange Commission, to provide for the public disclosure of certain information on such schedule, to provide penalties for failure to file such schedule or inaccurately reporting information on such schedule, and for other purposes. Introduced in Senate 2008-10-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3659is/xml/BILLS-110s3659is.xml 2008-10-01 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.