S. 100 proposes the repeal of the Corporate Transparency Act, which was part of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021. This bill, introduced in the Senate, seeks to eliminate the existing requirements and amendments related to...
Simple Explanation
The bill S. 100 wants to stop a rule that makes businesses tell more about who owns them, which is supposed to help fight bad secret money moves. It's like undoing a rule that tries to make sure things are fair and clear about who owns big companies.