Financial Privacy Reform

Department of the Treasury / Financial Crimes Enforcement Network

Repeal Corporate Transparency Act and withdraw beneficial ownership reporting rule targeting small businesses

"Congress should repeal the Corporate Transparency Act, and FinCEN should withdraw its poorly written and overbroad beneficial ownership reporting rule." – Project 2025

History

Mon Jan 20 2025

Initial analysis

Disruptive Potential

HIGH

Would significantly affect financial privacy rights and reporting requirements for millions of small businesses

Status
Planned

Related Initiatives

4 initiatives
Federal Reserve / Monetary Affairs
Block Central Bank Digital Currency In Progress
URGENT
Department of Commerce / Bureau of Industry and Security
Restrict Data Exports 
MODERATE
Department of Commerce / National Institute of Standards and Technology
Privatize Manufacturing Extension Partnership 
LOW
Department of the Treasury / Export-Import Bank
Reform EXIM Small Business Support 
LOW