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July 7, 2025
Those who fail to comply would be subject to civil and criminal penalties including prison
Josh McLeod, NFIB’s director of Federal Government Relations, appeared recently on “The Moon Griffon Show” to talk about efforts to repeal federal beneficial ownership reporting requirements.
If not fully repealed or ruled unconstitutional, 32 million small businesses nationwide could be subjected to this unnecessary mandate again. Those who fail to comply would be subject to criminal and civil penalties of up to two years in federal prison and up to $10,000.
NFIB has consistently opposed this law and is working to permanently block and repeal it in the federal courts and Congress.
Listen to Moon Griffon’s interview with Josh McLeod below.
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NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
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