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US Senator Markey introduces bill to help companies comply with beneficial ownership law

( June 9, 2025, 23:32 GMT | Official Statement) -- MLex Summary: Senator Ed Markey, Democrat of Massachusetts, introduced new bicameral legislation to help small businesses comply with beneficial ownership reporting requirements under the Corporate Transparency Act (CTA) and push back against the Trump administration’s efforts to weaken the law. The FinCEN–SBA Coordination on Beneficial Ownership Registration Act would require the Financial Crimes Enforcement Network (FinCEN) and the Small Business Administration (SBA) to coordinate directly on outreach and education to help small business owners understand and meet their reporting obligations under the CTA.Statement follows below. See attached file....

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