In September 2022, the Treasury Department started rulemaking to create a database that would contain personal information on the owners of at least 32 million U.S. businesses as part of an effort ...

FILE - U.S. Secretary of the Treasury Janet Yellen speaks, Sept. 20, 2023, in New York. Yellen is announcing that 100,000 businesses have signed up for a new database that collects ownership ...

In September 2022, the Treasury Department started rulemaking to create a database that would contain personal information on the owners of at least 32 million U.S. businesses as part of an effort ...

The rule and its legislative authority — the Corporate Transparency Act, an anti-money laundering statue passed in 2021 _ have been mired in litigation. In 2022, a small business lobbying group sued ...

Treasury ends enforcement of business ownership database meant to stop shell company formation By: Fatima Hussein, The Associated Press Posted: 7:52 AM CST Monday, Mar. 3, 2025 Last Modified: 1:20 ...

In September 2022, the Treasury Department started rulemaking to create a database that would contain personal information on the owners of at least 32 million U.S. businesses as part of an effort ...

WASHINGTON (AP) — The U.S. Treasury Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation.

WASHINGTON (AP) — The U.S. Treasury Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation. In a Sunday evening ...