Secretary Michael Watson Appeals to Mississippi Congressional Delegation to Repeal New Small Business Regulation
In a joint letter with Alabama Secretary of State Wes Allen, Mississippi Secretary of State Michael Watson submitted an official request to the Mississippi and Alabama congressional delegations to repeal the Corporate Transparency Act which increases the regulatory burden on small businesses nationwide.
The letter outlines the errors within the policy in addition to the lack of cooperation and effective implementation from the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN).
