网曝吃瓜

WASHINGTON, D.C. (Oct. 16, 2025)听鈥� Today,听听published an op-ed from听网曝吃瓜 President Brad Close听urging Congress to听immediately听repeal the听Beneficial Ownership听Information听(BOI)听Reporting听Requirement.听Close explains why the听government听mandate is听invasive and听unnecessary, and听emphasizes the threat of prison time and massive fines for听32 million听American small business owners听if听Congress does not听provide permanent relief.听

Close writes:听

鈥淢ore than 32 million small businesses are staring down the barrel of a gun known as the Beneficial Ownership Information (BOI) Reporting Requirement.听Under a federal law passed in 2021, our nation鈥檚 smallest businesses must file their personal information into yet another newly created federal database. The law says that if they听don鈥檛听act quickly, they could face up to two years in prison and $10,000 in fines.鈥�听

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鈥淪mall businesses听shouldn鈥檛听be forced to hand over more personal data to the federal government. They already file plenty of reports with federal agencies, state agencies, and local governments. And the new federal database created by this mandate is a disaster waiting to happen. Multiple federal bureaucracies and law enforcement agencies have access to it without being required to first get a subpoena or warrant, creating a privacy, constitutional, and security nightmare.鈥�听

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鈥淭hat鈥檚听why the 网曝吃瓜 (网曝吃瓜) has fought this mandate from the start. Last December, in a lawsuit we brought on behalf of small businesses, a federal court blocked this rule from being enforced. While the Supreme Court later allowed it to go into effect, in another show of support for small businesses, the Trump administration quickly announced in March that it will not enforce this onerous mandate. Following that, in September, FinCEN announced that by the end of this year, it will destroy the unconstitutionally collected BOI data of America鈥檚 small businesses and issue a final rule that would exempt U.S. small businesses from BOI reporting requirements.听

鈥淭hese major wins for small business owners would not be possible without the Trump administration鈥檚 commitment to prioritizing this issue and protecting small businesses. Now, Congress must follow听suit. Despite the White House鈥檚 quick action, the mandate is still written into federal law. A future administration could easily decide to change course,听fining听and jailing small business owners. Main Street鈥檚 only hope is for Congress to repeal this mandate and remove it from the books forever.鈥�听

Read the full op-ed听.听