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(English) Transparency and Law Enforcement Assistance Act, Testimony of Hon. Elaine Marshall, Examining U.S. State Business Incorporation Practices: A Discussion of S. 569

 

Chairman Lieberman, Ranking Member Collins, and Members of the Committee, on behalf of my colleagues at the National Association of Secretaries of State (NASS), I would like to extend our appreciation for your invitation to participate in this hearing. I am wearing two hats today; one as North Carolina Secretary of State, a job I have proudly held since 1997, and the other as the Co-Chair of the Company Formation Task Force formed by the National Association of Secretaries of State (NASS) in February 2007.

As Co-Chair of the NASS Company Formation Task Force, I oversaw the drafting and release of the body’s report and recommendations, which were adopted by the full membership in July 2007 and reaffirmed in July 2008. I also helped to introduce a resolution to oppose the first iteration of the bill we are here today to discuss, S. 2956: “The Incorporation Transparency and Law Enforcement Assistance Act,” a resolution which was unanimously supported by my peers and adopted by NASS in July 2008.

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