31, United States Code, is amended by inserting after section 5332 the following new section: 5333. Transparent incorporation practices (a) Reporting requirements (1) Beneficial ownership reporting (A) In general Each applicant to form a corporation or limited liability company under the laws of a State or Indian Tribe shall file a report with FinCEN containing a list of the beneficial owners of the corporation or limited liability company that— (i) except as provided in paragraph (3), and subject to paragraph (2), identifies each beneficial owner by— (I) full legal name