Rep. McClain, Colleagues Demand Treasury Department Delay Potentially Harmful Reporting Requirement
November 06, 2024
November 06, 2024
WASHINGTON, Nov. 6 -- Rep. Lisa McClain, R-Michigan, issued the following news release on Nov. 5, 2024:
Today, Rep. Lisa McClain (R-Mich.) with several House colleagues requested a delay from Treasury Secretary Janet Yellen in the implementation of the Corporate Transparency Act (CTA). The CTA, which passed the House in 2021, includes complex obligations that businesses must report significant occupational data and sensitive personal information. Without delay, the reporting deadlin . . .
Today, Rep. Lisa McClain (R-Mich.) with several House colleagues requested a delay from Treasury Secretary Janet Yellen in the implementation of the Corporate Transparency Act (CTA). The CTA, which passed the House in 2021, includes complex obligations that businesses must report significant occupational data and sensitive personal information. Without delay, the reporting deadlin . . .