Small businesses celebrate a big win as the U.S. Treasury Department issued a final rule regarding Beneficial Ownership Information reporting, creating mounting pressure for Congress to act. In this episode, U.S. Representative Warren Davidson joins NFIB’s Josh McLeod, Director of Federal Government Relations, with an update on the ruling, what this victory means for small businesses, and what Congress can do to permanently stop this unconstitutional mandate.

Take action:

• Thank the administration for protecting small businesses from this reporting mandate.
• Repeal Beneficial Ownership Reporting Requirements

Press Release: NFIB: Major Win for Small Businesses as Trump Administration Finalizes Rule on Beneficial Ownership Reporting - NFIB

Learn more: Protect Small Business Privacy

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NFIB's advocacy focuses on connecting and building relationships between small business owners and lawmakers. These relationships are critical in informing legislators about the issues that affect small businesses the most. Learn about events small business owners have attended and relationships formed with lawmakers and hear from members of Congress about the influence small business owners’ stories have on their policies.

Take Action on the most important issues for your business: Take Action on Policies - NFIB

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Beneficial Ownership Information (BOI) reporting is still a significant threat for small businesses. NFIB member Nancy Marr explains the costs and burden of the filing process. U.S. Representative Brad Finstad discusses the work Congress is doing, and NFIB Director of Federal Government Relations Josh McLeod provides a legislative update and urges small business owners to push for the repeal of BOI and for an unnecessary database of small business owners’ personal data to be destroyed.

Take action: Repeal Beneficial Ownership Reporting Requirements

Learn more: NFIB.com/ProtectPrivacy

Please rate, review, or like this podcast to support small business issues.