National Registered Agents, Inc.
NRAI Compliance Updates
 
August 2008
Greetings,

A refreshing short list of legislation due to summer recesses.  The most activity seems to be at the Federal Level with two Bills listed below. There seems to be a lot of activity filing what I would call "place keeper" Bills in the House of Representatives and the Senate on a large range of subjects.
 
We'll see an increase in activity in the next couple of months.
 
Robert K. Rowell
General Counsel

 
Federal Legislation
 
HR 6601
 
To amend the Internal Revenue Code of 1986 to simplify the deduction for business use of the home and to make other changes affecting small businesses.
 
Full Text available at: http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=110_cong_bills&docid=f:h6601ih.txt.pdf
 
Current Bill Status: July 24, 2008 Referred to the House Committee on Ways and Means.
 
SB 3389
 
A bill to require, for the benefit of shareholders, the disclosure of payments to foreign governments for the extraction of natural resources, to allow such shareholders more appropriately to determine associated risks.
 
Full Text available at:  http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=110_cong_bills&docid=f:s3389is.txt.pdf
 
Current Bill Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
 
California
 
SB 1550
 
Corporations, climate change disclosure.
 
Full Text available at: http://www.leginfo.ca.gov/pub/07-08/bill/sen/sb_1501-1550/sb_1550_bill_20080702_amended_asm_v96.html
 
Current Bill Status: August 13, 2008 read Third Time
 
Products & Services
 
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About NRAI
 

With Registered Agent offices in all 50 states, District of Columbia and foreign jurisdictions, NRAI is a trusted expert. Since 1995, NRAI has handled nearly 1 million Service of Process deliveries for companies large and small. Utilizing its state of the art proprietary Service of Process system to ensure proper record keeping, SOP history and prompt notice and delivery, NRAI has demonstrated its leadership and innovation in the industry. NRAI also provides user friendly online tools to assist clients with ongoing records management and corporate governance. With corporate service offices across the country, NRAI also handles a wide range of corporate transactions from entity formation to UCC searches. Its experienced and veteran corporate specialists can handle any project from simple to complex. Repeatedly praised as the best company to use in time critical situations, NRAI and its corporate service offices live outstanding customer service each day. For more information about NRAI's Entity Management Services, First Serve™, OneQuery™, Independent Director and SPE services, visit www.nrai.com.