Mobile Courant

WASHINGTON – Today, U.S. Senator Tommy Tuberville (R-AL) delivered a speech on the Senate floor condemning the Corporate Transparency Act and previewing his legislation aimed at protecting small businesses. Tuberville criticized the Act, stating, "It’s past time that we start standing up for our farmers, our store owners, LLC holders, and small businesses who are the heartbeat of America."

Tuberville described the Corporate Transparency Act as a significant example of big government overreach, targeting small businesses across the nation. He highlighted the impact on various sectors, mentioning, "This includes farmers, restaurants, gyms, and lawn service companies."

The Senator from Alabama emphasized the burden imposed by the Corporate Transparency Act, noting that millions of small business owners are required to disclose personal details to the federal government. He expressed concerns over the penalties for non-compliance, which could lead to jail time and hefty fines.

Furthermore, Tuberville criticized the Act for its potential misuse, stating, "Criminals, they’re not going to file with FinCEN, that’s not going to happen. Criminals don’t follow the law. Instead, the law will be used to go after hardworking Americans."

In response to these issues, Tuberville announced his upcoming legislation, the Repealing Big Brother Overreach Act, aimed at overturning the Corporate Transparency Act. He highlighted the importance of supporting small businesses and farmers, stating, "It’s past time we start standing up for our farmers, our store owners, LLC holders, and small businesses who are the heartbeat of this America."

In conclusion, Senator Tuberville called for action to address the concerns raised by the Corporate Transparency Act, urging Congress to provide regulatory and compliance relief to small business owners. He expressed hope that his proposed legislation would alleviate the burdens faced by millions of Americans affected by the Act's provisions.