URGENT: Stop the Corporate Transparency Act Before It Hurts Small Businesses!
The House is set to vote TONIGHT on a bill that could delay the Corporate Transparency Act (CTA)—and your voice is needed NOW!
The CTA is a costly, unconstitutional mandate that unfairly targets small businesses with fewer than 20 employees, requiring them to report ownership details to FinCEN (Financial Crimes Enforcement Network). Any failure to comply—intentional or not—could lead to $10,000 in fines and even two years in prison!
For years, NSBA (National Small Business Association) has fought against this burdensome law, challenging it before it was passed and continuing the fight through lawsuits against Treasury’s regulations. Thanks to NSBA’s legal action, members as of March 1, 2024, are temporarily exempt. Other lawsuits have also provided temporary relief for small businesses across the country, but the situation changes almost daily.
The only permanent solution is an act of Congress to repeal the CTA. Rep. Zach Nunn (R-Iowa) has introduced a bipartisan bill to delay the law’s implementation by one year—giving small businesses a fighting chance.
Small Business Lending Source Stands with NSBA
Small Business Lending Source has supported the actions of NSBA for the last few years in fighting against unnecessary government overreach that harms small business owners. We strongly encourage all business owners to take action now and push for a delay and repeal of this law.
Take Action Now!
Call or email your lawmakers TODAY and urge them to support efforts to delay and repeal this damaging law.
Contact Your Representatives Here: Find Your Representative
Send a Message Through NSBA’s Action Center: NSBA Action Center
Learn More About the CTA and Its Impact: FinCEN CTA Info
Every voice matters—make yours heard before it’s too late!
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