Prevent Corporate Misconduct

The Treasury Department's decision not to enforce the Corporate Transparency Act raises serious concerns about enabling money laundering activities and corporate misconduct. This bipartisan law aims to prevent criminals from exploiting anonymous shell companies to obscure illicit finances and perpetuate financial crimes. By failing to implement this measure, the U.S. risks becoming a haven for money laundering, undermining efforts to combat corruption, fraud, and other unlawful practices fueled by undisclosed funds. Financial transparency is crucial for maintaining the integrity of our financial system and holding bad actors accountable. Allowing corporations and wealthy individuals to evade disclosure requirements grants them an unfair advantage and erodes public trust. This decision prioritizes the interests of a privileged few over the rule of law and national security. I urge you to reconsider this stance and uphold the Corporate Transparency Act to safeguard our nation's financial stability and foster an environment of accountability and ethical business practices.