The Trump administration has neutered aTreasuryDepartment anti-money laundering rule requiring shell companies to disclose their owners and beneficiaries.
PresidentDonald Trumpcelebrated the Treasurys announcement in a Sunday Truth Social post.
This Biden rule has been an absolute disaster for Small Businesses Nationwide.
President Donald Trump speaks on the South Lawn of the White House on Feb. 28, 2025.Andrew Harnik/Getty Images
Furthermore, the Treasury is now finalizing an Emergency Regulation to formally suspend this rule for American businesses.
The economic menace of BOI reporting will soon be no more.
