Husted is supporting repeal of beneficial ownership reporting
Support repealing beneficial ownership reporting requirements for small businesses.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
FinCEN said it was issuing a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information under the Corporate Transparency Act, and that it would delete previously reported information by now-exempt U.S. persons.
legacy_unverified · Source version not recorded · locator unknown
Husted's Senate office announced he joined Sen. John Kennedy's bill to reform the Corporate Transparency Act by limiting reporting requirements to foreign companies; Husted said the bill would cut red tape and save small businesses time and money, and that he was proud to support it.
Assessments
The promised policy outcome was achieved during Husted's federal Senate term: FinCEN's August 11, 2026 final rule permanently ended beneficial ownership reporting requirements for U.S. companies and U.S. persons, covering the small-business burden targeted by the pledge. Husted also directly supported related Senate legislation in May 2026 to limit CTA reporting to foreign companies, so he receives credit for supporting the outcome even though the final delivery came administratively rather than through enactment of his bill.