Treasury Department Suspends the Enforcement of BOI that Forces Small Businesses to Report Personal Details About Their Owners to the Feds.
Gateway Pundit: The U.S. Treasury Department announced on March 2 that it will cease enforcement of the Corporate Transparency Act (CTA) and its associated Beneficial Ownership Information (BOI) reporting requirements.
This decision follows conservative comedian and entrepreneur Terrence K. Williams tagging Elon Musk on X, urging him to take action against the burdensome Beneficial Ownership Information (BOI) rule.
On Saturday, Williams wrote:
“ELON MUSK!!! I’m begging you!
Please ask President Trump to get rid of this ridiculous BOI rule that Biden Created
It’s targeting conservatives and small businesses!
I just received an email saying I must fill out Beneficial Ownership Information Report every year or be fined over 591 dollars a Day + 10k fine and Prison time
They don’t need to collect personal data every year, this is insane.”
Musk responded, “I can look into it.”
Still winning.
get your ****** ass out of american business & stay out
I was going to have to do this stupid task. I guessed it would take awhile to do, multiple websites, etc. I’m so glad this is over. Common sense returns.