Washington, Aug. 12 -- Representative Warren Davidson issued the following press release:
Today, August 12, 2026, U.S. Representative Warren Davidson (R-OH) released the following statement after FinCEN issued a final rule (https://home.treasury.gov/news/press-releases/sb0603) ending beneficial ownership information reporting requirements for U.S. businesses and announced it would remove U.S. business owners' previously reported information from its database.
"FinCEN's final rule is a major victory for American small business owners and financial privacy," said Davidson. "The Corporate Transparency Act buried millions of small business owners, sole proprietors, and even volunteer HOA leaders in costly reporting requirements while doing li...