MADISON, WI (Dec. 17, 2024) – The National Federation of Independent Business (NFIB), Wisconsin’s leading small business advocacy organization, announced a new advertising campaign across Wisconsin and several other states featuring targeted radio and digital ads that urge Congress to pass the Repealing Big Brother Overreach Act.
The legislation would repeal the Corporate Transparency Act (CTA) and the beneficial ownership information reporting rule.
Listen to the national ad here.
“Congress must pass the Repealing Big Brother Overreach Act to protect small business owners from this unnecessary and unconstitutional mandate,” said NFIB Wisconsin State Director Bill G. Smith. “Wisconsin’s Main Street has enough to worry about with inflation and excessive overreaching regulations. If Congress wants our economy to thrive, they must remove the beneficial ownership reporting requirement.”
In a lawsuit filed by NFIB, a federal court issued a preliminary injunction that blocks the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) from enforcing the CTA’s beneficial ownership information reporting requirements.
NFIB supports the Repealing Big Brother Overreach Act.
