By Sunshine Sentinel Report |
Dec 29, 2023
Following concerns from constituents and small business groups about a new financial reporting requirement expected to take effect in just a few weeks, Senators Rick Scott and Mike Rounds, House Financial Services Chairman Patrick McHenry and Representative Warren Davidson led 76 of their colleagues in sending a bicameral letter to Janet Yellen, Secretary of the Treasury, and Andrea Gacki, Director of the Financial Crimes Enforcement Network (FinCEN), requesting a delay in the implementation of new reporting requirements for small businesses.