Carol Roth
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Podcast Appearances
This is a huge victory. I want to thank you, Glenn, because, you know, we've been talking about this for almost a year. You've led a huge platform and fight for this. Your audience has been very active in this fight. So this is that, like you said, the CTA BOI rule that was making small businesses have to register as financial criminals or face jail times and massive penalties.
We've been working so hard to try to get this taken away or at least, you know, put to bed in some manner. So last Thursday, the 27th, Treasury came out and said, we are not going to penalize you if you we're not going to enforce penalties. And we're going to try to narrow the scope because we don't think this is fair for small business.
We've been working so hard to try to get this taken away or at least, you know, put to bed in some manner. So last Thursday, the 27th, Treasury came out and said, we are not going to penalize you if you we're not going to enforce penalties. And we're going to try to narrow the scope because we don't think this is fair for small business.
We've been working so hard to try to get this taken away or at least, you know, put to bed in some manner. So last Thursday, the 27th, Treasury came out and said, we are not going to penalize you if you we're not going to enforce penalties. And we're going to try to narrow the scope because we don't think this is fair for small business.
And then on Sunday, they put out a press release saying, OK, we are not for anybody who is a U.S. citizen or a domestic reporting entity. So a domestic company, you do not have to do this. So this is a huge win now. Yeah, huge win. However. We need this codified still. We need Congress to codify and follow Treasury's lead, or we need the courts to win because we know what happens.
And then on Sunday, they put out a press release saying, OK, we are not for anybody who is a U.S. citizen or a domestic reporting entity. So a domestic company, you do not have to do this. So this is a huge win now. Yeah, huge win. However. We need this codified still. We need Congress to codify and follow Treasury's lead, or we need the courts to win because we know what happens.
And then on Sunday, they put out a press release saying, OK, we are not for anybody who is a U.S. citizen or a domestic reporting entity. So a domestic company, you do not have to do this. So this is a huge win now. Yeah, huge win. However. We need this codified still. We need Congress to codify and follow Treasury's lead, or we need the courts to win because we know what happens.
We have a great Treasury secretary who wants Main Street to thrive. We have a president who wants Main Street to thrive, and they've done this. But if they can do that, then the next administration that is a Democratic administration could undo that. And we need to create that certainty for small businesses, housing association boards, and everyone else who is caught up in this.
We have a great Treasury secretary who wants Main Street to thrive. We have a president who wants Main Street to thrive, and they've done this. But if they can do that, then the next administration that is a Democratic administration could undo that. And we need to create that certainty for small businesses, housing association boards, and everyone else who is caught up in this.
We have a great Treasury secretary who wants Main Street to thrive. We have a president who wants Main Street to thrive, and they've done this. But if they can do that, then the next administration that is a Democratic administration could undo that. And we need to create that certainty for small businesses, housing association boards, and everyone else who is caught up in this.
So we need for Congress to narrow the scope to foreign companies, only foreign reporting entities. So tell Congress they still need to pass that law and codify, take Treasury's lead. And, you know, otherwise, you and I are going to be talking about this again at some point in the future. But by the way, we can celebrate. All the great work. Your audience made calls.
So we need for Congress to narrow the scope to foreign companies, only foreign reporting entities. So tell Congress they still need to pass that law and codify, take Treasury's lead. And, you know, otherwise, you and I are going to be talking about this again at some point in the future. But by the way, we can celebrate. All the great work. Your audience made calls.
So we need for Congress to narrow the scope to foreign companies, only foreign reporting entities. So tell Congress they still need to pass that law and codify, take Treasury's lead. And, you know, otherwise, you and I are going to be talking about this again at some point in the future. But by the way, we can celebrate. All the great work. Your audience made calls.
They put in statements for the record that I took to Congress. We've been working so, so hard on this. All the groups that filed lawsuits that even gave us the ability to have the time to make this happen, to allow this new treasury to be able to make this rule. So great job, everybody.
They put in statements for the record that I took to Congress. We've been working so, so hard on this. All the groups that filed lawsuits that even gave us the ability to have the time to make this happen, to allow this new treasury to be able to make this rule. So great job, everybody.
They put in statements for the record that I took to Congress. We've been working so, so hard on this. All the groups that filed lawsuits that even gave us the ability to have the time to make this happen, to allow this new treasury to be able to make this rule. So great job, everybody.
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Yeah, my mind was blown.