Delaware House Bill 57 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on March 15 2018 - 25% progression, died in committee
Action: 2018-03-15 - Adopted in lieu of the original bill HB 57, and Assigned to Judiciary Committee in House
Pending: House Judiciary Committee
Text: Latest bill text (Draft #2) [HTML]

In an attempt to obey federal law, to coordinate with the federal law enforcement agencies, and to assist Delaware registered agents who form LLCs to avoid severe federal fines, this bill attempts to prevent the use of our Limited Liability Act by persons, businesses, groups and nations identified by federal agencies as a threat to this country. Listed entities on OFAC sanctions lists are narcotics traffickers, terrorists, or criminal enterprises with whom federal law forbids Americans from doing business. The means of meeting these objectives is by requiring screening of potential clients (applicants) by companies who are registered agents approved by this State to represent clients who form LLCs. No sanctions will be employed to obtain cooperation, unless the Secretary of State, who already has the authority to deal with registered agents, finds that they are not cooperating.

An Act To Amend Title 6 Of The Delaware Code Relating To Limited Liability Companies.

Rep. John Kowalko [D]

Sen. Bruce Ennis [D]

Rep. Kimberly Williams [D]

Date	Chamber	Action
2018-03-15		Adopted in lieu of the original bill HB 57, and Assigned to Judiciary Committee in House

Type	Source
Summary	http://legis.delaware.gov/BillDetail?LegislationId=26302
Text	http://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=25430&legislationTypeId=1&docTypeId=2&legislationName=HB57
Text	http://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=26302&legislationTypeId=6&docTypeId=2&legislationName=HS1