Trump applauds Treasury Department for dismissing ‘outrageous and invasive’ requirement
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President Donald Trump Propered the treasury economy on the Truth Society on Sunday, which stopped the requirement of information on beneficial property (BOI) for US citizens and local companies.
Biden-Age initiative says you are required to provide some information about your beneficial owners on the Treasury’s Financial Crime Network (FINCEN).
Trump called the “violent and invasive” requirement.
President Tramper praised the Treasury Department for the last decision on Sunday, which suspends the requirements of the requirements for information on the right to own property rights. (Reuters / Dado Ruvic / Illustration / Reuters Photos)
“Interesting news. “This Biden’s Rule has been an absolute disaster Small businesses across the country. Moreover, the treasury is now completing the emergency regulations to officially suspend this rule for American business. The economic threat of BOI Reporting will no longer be anymore. “
The Treasury Department was declared a A series of posts in x Which BOI penalties or penalties will not be applied, nor penalties against US citizens or internal reporting companies or owners who exploit them.
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Boy’s fines or fines will not be applied to either penalties against American citizens, internal reporting companies or their profitable owners. (ISTOCK / ISTOCK)
Instead, only foreign companies will be focused.
“The Treasury takes this step to support American taxpayers and to support small businesses and ensure that the government is properly adapted to advance public interest,” said the department.
Now President Trump Currently, Treasury Secretary Scott Bate, on January 16, speaks during the hearing on the approval of the Senate Finance Commission. (Chen Mengtong / China News Service / VCG Via Getty Images / Getty Images)
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“This is a victory in common sense,” Treasury Secretary Scott Bessent: said: “Today’s action is part of President Trump’s bold agenda to unleash the American prosperity, regaining heavy regulations, in particular the spine of the American economy.”
This decision comes, as Trump’s executive orders criticize border rates and will be in line with $ 1.5 trillion of $ 2 trillion.
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