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S 3659 110th Congress Senate

Corporate Transparency Act of 2007

Official title: 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 p… Show full official titleShow less

Official title: 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: October 1, 2008 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Taxation Affiliated corporationsBusiness recordsCommerceCongress
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Congressional reporting requirementsCorporationsFinance and Financial SectorFinancial statementsFines (Penalties)Government Operations and PoliticsGovernment paperworkGovernment publicityGovernmental investigationsIncome taxLawSecurities regulationTax penaltiesTax returns
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 1, 2008
Read twice and referred to the Committee on Finance.
Oct 1, 2008
Introduced in Senate
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 Latest action October 1, 2008

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3659: Corporate Transparency Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-S-3659/
MLA
"S. 3659: Corporate Transparency Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-3659/.
Bluebook (legal)
S. 3659, 110th Cong. (2026), https://openamerica.io/bill/110-S-3659/.
Markdown link
[S. 3659: Corporate Transparency Act of 2007](https://openamerica.io/bill/110-S-3659/)
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