With more than 32 million small businesses at risk, permanent action to repeal Beneficial Ownership Information (BOI) reporting is critical. NFIB President Brad Close wrote an opinion article published in the National Review urging Congress to give Main Street permanent relief from this unconstitutional government mandate.  

Earlier this year, the administration provided relief by exempting U.S. small businesses from filing their information, but many small businesses already submitted their data to the Financial Crimes Enforcement Network (FinCEN). Small businesses demanded this previously collected data be deleted, and in September, FinCEN announced that they would destroy BOI data by the end of the year. These are massive wins for small business, but there is still work to be done.  

Close explained that this mandate is still written into federal law and could be enforced at any time, so it’s critical that Congress act now to repeal this burdensome requirement.  

Read the full opinion-editorial for more from Close on the dangers American small businesses face and what Congress can do to provide permanent relief. 

Take Action: Make your voice heard! Tell Congress how BOI reporting could harm your small business.