NFIB Leads Coalition Urging Congress to Repeal the Unconstitutional Corporate Transparency Act
NFIB Leads Coalition Urging Congress to Repeal the Unconstitutional Corporate Transparency Act
January 16, 2025
NFIB Leads Coalition Urging Congress to Repeal the Unconstitutional Corporate Transparency Act
WASHINGTON, D.C. (Jan. 16, 2025) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, led 60 trade associations in sending a letter to Sen. Tommy Tuberville (AL) and Rep. Warren Davidson (OH-08) in strong support of their legislation to repeal the Corporate Transparency Act (CTA). The Repealing Big Brother Overreach Act will repeal the CTA and end the burdensome beneficial ownership reporting requirements for more than 32 million small businesses.
“Small businesses fear all the Corporate Transparency Act has done is impose tens of billions of dollars in compliance costs on Main Street while failing to stop the criminal activity it was intended to target,” said NFIB Director of Government Relations Josh McLeod. “The Repealing Big Brother Overreach Act would eliminate this unconstitutional power grab by repealing the Corporate Transparency Act. NFIB strongly supports this legislation introduced by Sen. Tuberville and Rep. Davidson and urges Congress to enact it swiftly to provide relief and certainty to over 32 million small businesses.”
The NFIB-led coalition includes:
Air Conditioning Contractors of America
Alliance for Chemical Distribution
American Building Materials Alliance
American Council of Engineering Companies
American Craft Spirits Association
AmericanHort
American Lighting Association
American Mold Builders Association
American Short Line and Regional Railroad Association
American Supply Association
Associated Builders and Contractors
Associated Equipment Distributors
Associated General Contractors of America
Brewers Association
CM Services, Inc.
Community Associations Institute
Heating, Air-conditioning, & Refrigeration Distributors International
Family Business Coalition
Forging Industry Association
Gases and Welding Distributors Association
Global Cold Chain Alliance
International Council of Shopping Centers
International Franchise Association
International Sign Association
Irrigation Association
Marine Retailers Association of the Americas
Material Handling Equipment Distributors Association
Minnesota Farm Bureau Federation
National Apartment Association
National Association of Convenience Stores
National Association of Electrical Distributors
National Association of Wholesaler-Distributors
National Cotton Council
National Federation of Independent Business
National Fisheries Institute
National Funeral Directors Association
National Grocers Association
National Lumber & Building Material Dealers Association
National Pork Producers Council
National Roofing Contractors Association
National Propane Gas Association
National RV Dealers Association
National Small Business Association
National Stone Sand & Gravel Association
National Tooling and Machining Association
North American Association of Food Equipment Manufacturers
Owner-Operator Independent Drivers Association
Performance Racing Industry
Plumbing-Heating-Cooling Contractors – National Association
Precision Machined Products Association
Precision Metalforming Association
PRINTING United Alliance
Private Investor Coalition
S Corporation Association
Small Business & Entrepreneurship Council
Society of Collision Repair Specialists
Specialty Equipment Market Association
Textile Care Allied Traders Association
USA Rice
Wyoming Stock Growers Association
###
For 80 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan, and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses, and remains so today. For more information, please visit nfib.com.
NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
Related Articles



