Stop Government Spying on Small Business Owners, Oppose H.R. 2513.



Excerpted from an article by Juanita D. Duggan, NFIB President


Congress recently introduced The Corporate Transparency Act of 2019 (H.R. 2513), under the banner of security. This new legislation threatens to undermine millions of small businesses. If it’s not stopped, the Corporate Transparency Act would require small businesses to gather and report even more information to the government. And this data could be accessed by federal, state, local, or tribal law enforcement agencies for almost any reason and without a subpoena, raising serious privacy concerns.
NFIB wrote to the House Committee on Financial Services, expressing our concern and urging lawmakers to consider the impact this bill would have on small businesses. Large companies and financial institutions may have teams of lawyers and compliance consultants to help gather this information and report it to the government. However, “the paperwork burden, civil and criminal penalties, and risks to privacy directly threaten law-abiding American small businesses.”
I’m encouraging all of you to call your Congressman and urge them to oppose H.R. 2513.
This summer we will continue fighting for our NFIB members on Capitol Hill, in the courts, and in the media to ensure independent businesses can succeed. Together we will continue to ensure that America’s small business voice is heard.
Sincerely,
Juanita D. Duggan, NFIB President

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