Trump Administration Stops Corporate Transparency Act

Alfredo Ortiz, CEO of Job Creators Network, released the following statement in response to the Trump administration not enforcing and formally suspending the Corporate Transparency Act:

“The Trump administration has listened to calls from small businesses and Job Creators Network to stop the Corporate Transparency Act, a burdensome Biden-era reporting regulation that threatened Main Street with massive fines and even jail time for noncompliance. JCN polling found that most small businesses weren’t even aware of the CTA, let alone its requirements and penalties. JCN is proud to have led the effort to overturn this anti-small business attack. By stopping enforcement and formally suspending the CTA, Trump and Treasury Secretary Bessent have rescued American small businesses from a significant burden.”