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Protecting small businesses from the CTA
Recently, enforcement of the Corporate Transparency Act (CTA) was put on hold. In theory, the CTA is designed to weed out any money laundering schemes, terrorism financing, and tax fraud. In practice, however, Iowa Congressman Zach Nunn says the CTA places an excessively large burden on small businesses that are already working hard enough just to get by. Nunn says this legislation doesn’t even go after the source of the problem that it wants to fix. Nunn says he is grateful for the widespread...