Treasury Department repeals Biden-era reporting requirement for US businesses
The Treasury Department on Tuesday officially repealed a requirement for American companies and individuals to report beneficial ownership information to its Financial Crimes Enforcement Network, or FinCEN. The department initially proposed the repeal in March 2025 and published the final rule in the Federal Register on Tuesday.
Reported by 1 outlet — The Hill. See all sources ↓
The Treasury Department on Tuesday officially repealed a requirement for American companies and individuals to report beneficial ownership information to its Financial Crimes Enforcement Network, or FinCEN. The department initially proposed the repeal in March 2025 and published the final rule in the Federal Register on Tuesday. In addition to repealing the reporting requirement, the...
Read the full report at The Hill ↗
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- What's the story?
- The Treasury Department on Tuesday officially repealed a requirement for American companies and individuals to report beneficial ownership information to its Financial Crimes Enforcement Network, or FinCEN. The department initially proposed the repeal in March 2025 and published the final rule in the Federal Register on Tuesday.
- How widely is it covered?
- 1 outlet, average source rating 7.0/10.
- When was it last updated?
- 8m ago.
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Treasury Department repeals Biden-era reporting requirement for US businesses
Sources1TypeCoverageThe Hill