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Bessent Visits Iowa to Cut Business Red Tape | Des Moines News
Treasury Secretary Scott Bessent is hitting Iowa this Wednesday to rally support for two Republican lawmakers in tight reelection races, while unveiling a major policy shift: permanently eliminating the requirement for U.S. businesses to report beneficial ownership to FinCEN under the Corporate Transparency Act. Framed as a win for small business and common sense, the move aims to cut red tape and reduce burdens on American entrepreneurs without compromising national security. Bessent will also tout tax cuts and regulatory relief during his meetings with local business owners and bankers —…
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