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Treasury Drops Ownership Reporting Rule | Birmingham News
Treasury just axed the federal rule forcing businesses to report ownership details — a major win for small biz owners drowning in compliance. Originating in 2021, the law mandated FinCEN reporting, now scrapped with existing data erased. NFIB celebrates saving $128B+ nationwide, especially in Alabama, calling it an “unfair burden” lifted. They’re urging Congress to permanently kill the law and credit Trump’s move as a privacy victory — signaling a new era of lighter government oversight for America’s small business backbone. Listen in comfort:Get a discount on a Soli Pillow…
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