Political Quotes

“several years ago, it was a December like this; there were big bills that were coming through the House and the Senate, one of them being the National Defense Authorization Act, which has passed every single year for the last six decades. Stuck in that multi, multi, multipage bill was a little piece on beneficial ownership. Now, most everyone just didn't even notice what it would be. But in the past couple of years, the Biden administration has released the rules for beneficial ownership and what will be required to be able to deal with ``opportunities for fraud.'' What it has become is a way to be able to get from every single small business in America--I do need to emphasize these were all small business; in fact, smallest of the small businesses--every LLC, every businessowner in America a list of them of this: their name, their date of birth, their address, an I.D. number--that is simple--but then, also, a listing of all the senior officers of the company, someone who has authority over the appointment or removal of a senior officer, and this little jewel--someone who substantially influences important decisions in your company. Every business owner in America is required by January 1--in just a couple of weeks--to turn in that document for every single business that they own. Now, for many folks in real estate or in construction or in many other businesses, they actually start a company and raise it up for that company.…”