A Good Reform on Shell Corporations?

 I saw a report today, which I've since lost, that House and Senate conferees have agreed on an important reform: requiring what we used to call in ASCS the "live bodies" who own a corporation to be identified.  Under current law if you want to hide the ownership of something, you set up a shell corporation to own it, and then set up more shell entities to own the shell corporation and so on. 

I hope the reform goes through, but there's lots of hurdles between a deal on Capitol Hill and having it in the law signed by the Presideb. We'll see.

[update--the politico article]