Treasury Department Ends Ownership Reporting For US Small Businesses

Treasury Department Ends Ownership Reporting For US Small Businesses Authored by Owen Evans via The Epoch Times, The Treasury Department on Tuesday finalized a rule permanently exempting U.S. companies and individuals from reporting beneficial ownership information to authorities, rolling back Biden-era Corporate Transparency Act requirements. Treasury Secretary Scott Bessent testifies before the Senate Committee on Appropriations in Washington on June 3, 2026. Madalina Kilroy /The Epoch Times "Today's action is a victory for common sense and American small businesses," Treasury Secretary Scott Bessent said in a statement on Aug. 11. "President [Donald] Trump promised to cut red tape, and this final rule delivers. Treasury...

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