WASHINGTON, April 30 -- Sen. Roger Marshall issued the following press release:
U.S. Senator Roger Marshall, M.D. (R-Kansas), joined Senator John Kennedy (R-La.) in introducing a bill to reform the Corporate Transparency Act by narrowing its scope to foreign businesses, preventing the Treasury Department from collecting U.S. small business owners' personal information, and saving small businesses billions of dollars.
Specifically, the legislation will narrow enforcement of the Corporate Transparency Act to foreign companies, stop the collection of Americans' data, and require the government to delete any personal data it has already collected from Americans. As a result, the legislation will save taxpayers an average of $9 billion per ye...