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NFIB Weekly News
NFIB Supports Reintroduction of Legislation to Repeal Beneficial Ownership Reporting for Small Businesses (01/15/2025)
Repealing Big Brother Overreach Act would repeal the Corporate Transparency Act
WASHINGTON, D.C. (Jan. 15, 2025) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, supports legislation reintroduced today by Sen. Tommy Tuberville (AL) and Rep. Warren Davidson (OH-08) to repeal the Corporate Transparency Act (CTA). Repealing the CTA will end the burdensome Beneficial Ownership requirements for more than 32 million small businesses and protect their privacy.
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