Trump saved small business from a ticking time bomb. Congress needs to defuse it permanently

In 2025, President Donald Trump gave small businesses one of the largest regulatory relief victories ever by exempting U.S. businesses from the burdensome and unconstitutional Corporate Transparency Act.

This little-known but highly intrusive law mandated that over 30 million small businesses register their beneficial ownership information with the Financial Crimes Enforcement Network.

Failure to comply […] ...