FOR IMMEDIATE RELEASE

ALBANY, N.Y. (June 25, 2026) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released new paid radio and digital advertisements across New York today, urging Rep. Andrew Garbarino 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.”

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 If not fully repealed, 32 million small businesses nationwide would once again be subjected to this unnecessary, invasive, and unconstitutional mandate.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.

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For over 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.