S. 4297 seeks to repeal the Corporate Transparency Act, which was part of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021. This bill proposes removing all changes brought about by the Corporate Transparency Act, including specific...
Simple Explanation
S. 4297 wants to cancel a law that helps keep track of companies to make sure they aren’t hiding bad stuff like money for bad guys. It’s like deciding not to make kids keep their rooms clean, which might seem fun, but could also lead to messy problems!