LITTLE ROCK, AR  (June 17, 2026) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released new paid radio and digital advertisements across Arkansas today, urging Sen. Tom Cotton to permanently repeal the law that established the unconstitutional Beneficial Ownership Information (BOI) mandate, and for the Financial Crimes Enforcement Network (FinCEN) to immediately destroy all BOI data already submitted by U.S. small businesses. 

Listen to the radio ad here and visit ProtectSmallBusiness.org for more information. 

“In 2025, President Trump exempted more than 32 million American small businesses from the burdensome and unconstitutional BOI reporting requirements,” said NFIB President Brad Close. “This exemption saved American small businesses from over $128 billion in regulatory burdens and compliance costs, but the fight isn’t over. Now it’s time for Congress to ensure this invasive reporting mandate does not return; they must take immediate action to fully repeal the unconstitutional BOI law and require FinCEN to destroy the data of the millions of small business owners who have already complied with this dangerous mandate.” 

“As it stands, BOI is still on the books, posing a serious threat to 32 million small business owners’ privacy, security, and constitutional rights,” NFIB State Director Katie Burns said. “Main Street Arkansans are counting on our lawmakers to take action. Congress must immediately repeal the BOI and require FinCEN to destroy the data submitted by small business owners who complied with this mandate.” 

NFIB continues to fight against Beneficial Ownership Information reporting regulations in Congress, executive branch agencies, and the federal courts, working to permanently block and repeal it. If not fully repealed, 32 million small businesses nationwide would once again be subjected to this unnecessary, invasive, and unconstitutional mandate. 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.