Sen. Tommy Tuberville discusses small business ownership registry that went into effect on Jan. 1
A new small business ownership registry went into effect on Jan. 1, 2024, but NFIB is fighting to repeal this burdensome requirement for small business owners.
In Congress, Alabama Sen. Tommy Tuberville and Ohio Rep. Warren Davidson are taking the lead by sponsoring legislation to repeal the Corporate Transparency Act and its reporting registry.
In this podcast, they explain why they are pushing for this change, discussing its impact on over 30 million small businesses and the security threat caused by the registry’s database. NFIB Vice President of Government Relations Jeff Brabant explains the new reporting requirement, what it means for small business owners, and the penalties for not complying.
