By Alan Katz, Jesse Drucker, Angela Greiling Keane, David Kocieniewski, Bloomberg News
The Obama administration renewed its push Thursday to make it harder for people to hide money in the U.S., jumping on momentum created by the release of leaked Panama legal documents to pressure Congress on proposals that have been languishing for years.
The government will send proposed legislation to lawmakers that would require companies to name the owners of any new entities they create and would expand the Justice Department’s power to subpoena information in some corruption cases.
It also finalized a rule that will require financial institutions ...
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