WASHINGTON, April 29 -- Sen. Mike Lee issued the following press release:
U.S. Senator Mike Lee (R-UT) cosponsored legislation this week with Senator John Kennedy (R-LA) defending America's small businesses from burdensome and intrusive overregulation of their finances. The bill would stop the collection of personal "Beneficial Ownership Information (BOI)" from small businessowners and delete this private data from the federal government's records.
"The federal bureaucracy loves to bury small businessowners in paperwork that costs time, money, and even their private information," said Senator Mike Lee. "I have long opposed the Corporate Transparency Act's overregulation and its Beneficial Ownership Information reporting requirement and h...