Opinion: The Corporate Transparency Act was a ‘regulatory wreck’
Guest Columnist
Tre Hargett
Tre Hargett was elected by the Tennessee General Assembly to serve as the 37th secretary of state in 2009. He has been re-elected to this position in 2013, 2017, 2021, and 2025.
“My continuing hope is that our leaders in Washington, D.C., will look more to Tennessee as an example of how government should work for the taxpayers and not the other way around.”
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Corporate Transparency Act adds confusion for small businesses
The Financial Crimes Enforcement Network requirement can be time-consuming, expensive and confusing, according to business owners and attorneys. Adding to the confusion is the fact that the Corporate Transparency Act is in limbo as various court rulings continue to block and restore the law.
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