Small Business Majority Submits Written Testimony on FinCEN's BOI Reporting Requirement

Monday, February 26, 2024

On February 26, Small Business Majority submitted written testimony to the U.S. House Committee on Financial Services encouraging the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) to prioritize the needs of small businesses during the roll out of the new Beneficial Ownership Information (BOI) reporting requirement, which went into effect on January 1, 2024. For more information, check out our recent blog on the requirement.