Under the Microscope: Examining Fincen's Implementation of the Corporate Transparency Act (House Small Business Committee hearing, April 30, 2024)

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Printed record of the House Committee on Small Business hearing held April 30, 2024, Under the Microscope: Examining FinCEN's Implementation of the Corporate Transparency Act, Small Business Committee Document Number 118-048. The Committee met at 10:03 a.m. in Room 2360 of the Rayburn House Office Building under Chairman Roger Williams, with Representatives including Luetkemeyer, Stauber, Meuser, Van Duyne, Mann, Alford, Crane, Bean, Maloy, Velazquez, Landsman, McGarvey, Scholten, Thanedar and Davids present. The transcript opens with Mr. Meuser presiding over the committee's customary prayer, led by Mr. Luetkemeyer, and the Pledge before the hearing on the beneficial ownership reporting regime's effect on small businesses.

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UNDER THE MICROSCOPE: EXAMINING FINCEN’S
IMPLEMENTATION OF THE CORPORATE
TRANSPARENCY ACT

HEARING

BEFORE THE

COMMITTEE ON SMALL BUSINESS
UNITED STATES
HOUSE OF REPRESENTATIVES

ONE HUNDRED EIGHTEENTH CONGRESS
SECOND SESSION

HEARING HELD
APRIL 30, 2024

Small Business Committee Document Number 118-048
Available via the GPO Website: www.govinfo.gov
UNDER THE MICROSCOPE: EXAMINING FINCEN’S
IMPLEMENTATION OF THE CORPORATE TRANSPARENCY ACT
UNDER THE MICROSCOPE: EXAMINING FINCEN’S
IMPLEMENTATION OF THE CORPORATE
TRANSPARENCY ACT

HEARING

BEFORE THE

COMMITTEE ON SMALL BUSINESS
UNITED STATES
HOUSE OF REPRESENTATIVES

ONE HUNDRED EIGHTEENTH CONGRESS
SECOND SESSION

HEARING HELD
APRIL 30, 2024

Small Business Committee Document Number 118-048
Available via the GPO Website: www.govinfo.gov

U.S. GOVERNMENT PUBLISHING OFFICE
55-252 WASHINGTON : 2024
HOUSE COMMITTEE ON SMALL BUSINESS

ROGER WILLIAMS, Texas, Chairman
BLAINE LUETKEMEYER, Missouri
PETE STAUBER, Minnesota
DAN MEUSER, Pennsylvania
BETH VAN DUYNE, Texas
MARIA SALAZAR, Florida
TRACEY MANN, Kansas
JAKE ELLZEY, Texas
MARC MOLINARO, New York
MARK ALFORD, Missouri
ELI CRANE, Arizona
AARON BEAN, Florida
WESLEY HUNT, Texas
NICK LALOTA, New York
CELESTE MALOY, Utah
NYDIA VELAZQUEZ, New York, Ranking Member
JARED GOLDEN, Maine
KWEISI MFUME, Maryland
DEAN PHILLIPS, Minnesota
GREG LANDSMAN, Ohio
MARIE GLUESENKAMP PEREZ, Washington
SHRI THANEDAR, Michigan
MORGAN MCGARVEY, Kentucky
HILLARY SCHOLTEN, Michigan
JUDY CHU, California
SHARICE DAVIDS, Kansas
CHRIS PAPPAS, New Hampshire

BEN JOHNSON, Majority Staff Director
MELISSA JUNG, Minority Staff Director

(II)
UNDER THE MICROSCOPE: EXAMINING
FINCENS IMPLEMENTATION OF THE
CORPORATE TRANSPARENCY ACT

TUESDAY, APRIL 30, 2024

HOUSE OF REPRESENTATIVES,
COMMITTEE ON SMALL BUSINESS,
Washington, DC.

The Committee met, pursuant to call, at 10:03 a.m., in Room
2360, Rayburn House Office Building, Hon. Roger Williams [chair-
man of the Committee] presiding.

Present: Representatives Williams, Luetkemeyer, Stauber,
Meuser, Van Duyne, Mann, Alford, Crane, Bean, Maloy, Velazquez,
Landsman, McGarvey, Scholten, Thanedar, and Davids.

Mr. MEUSER. [Presiding.] Good morning all. As is tradition in
the 118th Congress Small Business Committee, we do start with a
prayer and the Pledge. So I am going to turn it over to Congress-
man Blaine Luetkemeyer to lead us in a prayer.

Mr. LEUTKEMEYER. Thank you, Mr. Chairman. Everybody bow
your head, please.

Heavenly Father, we ask you today to bless our efforts as much
as you can for the great work that we are trying to do here for the
citizens of our great country. Please keep our military men and
women safe as they try to keep us safe.

You are the ultimate leader of all and so we put our hand in
yours as you lead us through our day, through our efforts to try
and do the better job to continue to protect our country, lead our
country, to continue to provide for our country in a way that is
helpful to all.

We ask these things in your name, in your son’s name. With
that, thank you for another great day. And as that, we continue to
ask for your blessings. Amen.

Mr. MEUSER. If you would also please stand for the Pledge?

I pledge allegiance to the flag of the United States of America.
And to the Republic for which it stands, one nation under God, in-
divisible, with liberty and justice for all.

Well, thank you very much. Good morning, everyone. I now call
the Committee on Small Business to order. Without objection, the
Chair is authorized to declare a recess of the Committee at any
time. I recognize myself for my opening statement.

I want to welcome you all to today’s hearing, which will focus on
the Financial Crimes Enforcement Network’s implementation of
the Corporate Transparency Act. Just as a side note, Chairman
Roger Williams is at an important press conference, asked to at-

(1)
2

tend with our leadership, and he will be with us within the next
15 to 20 minutes.

But I would like to start by thanking our witnesses for joining
us today. Your attendance is certainly greatly appreciated for tak-
ing the time and the travel to be here with us, and we value your
input and your expertise.

Congress passed the Corporate Transparency Act to detect illegal
funds moving through the financial system. If you can better detect
and prevent illicit funds from entering the financial system it
should reduce overall criminal behavior.

For example, FinCEN’s beneficial ownership rule is meant to
show who is profiting from a business activity and reduce the num-
ber of shell companies used by criminals. This requires some busi-
nesses with less than 20 employees to disclose ownership informa-
tion of anyone with a 25 percent stake in the company.

This information is saved to a database for law enforcement and
financial institutions to help detect criminals that have previously
been hidden by LLCs or other companies. However, FinCEN’s im-
plementation of this law and the corresponding regulations have
been overly broad, leading to unnecessary regulatory burdens on
our nation’s job creators.

These concerns coming from the Small Business Committee have
overshadowed many of the benefits of the Corporate Transparency
Act. Nearly half of small business owners said they had no idea
what the Corporate Transparency Act is and had never heard of
the government agency FinCEN, and suddenly they are getting
something in the mail asking for personal information with the
threat of massive fines if they do not comply.

When some businesses have received these notices, they have
turned to their lawyers or accountants or congressional offices for
help to fulfill these requirements. However, we are hearing that
the rules are written in a way that makes these trained profes-
sionals hesitant or unwilling to take on this task. This is a telltale
sign that something has gone wrong in implementing this law.

In addition to confusing regulations coming out of FinCEN, seri-
ous privacy concerns have been raised about this data collection. In
2021, an employee at FinCEN leaked the financial information of
President Trump’s former campaign manager, Paul Manafort, to
smear their political rival. The employee who leaked the informa-
tion rightfully received a 6-month prison sentence.

However, with the changes in the Corporate Transparency Act
many more people have access to this type of financial information.
And business owners are rightfully concerned that their data could
be leaked, stolen, or used against them. The Biden administration’s
implementation of this law fails to strike the balance in detecting
illicit activities in our financial system and burdening all small
businesses with expensive new mandates.

I hope this hearing sheds some light on the many challenges that
our nation’s job creators are facing and will begin to work cor-
recting—on correcting some of these issues coming out of FinCEN.

I would like to once again thank our witnesses for being here
with us today. We look forward to our meeting—to our hearing.

And with that, I will now yield to our distinguished Ranking
Member from New York, Ms. Velazquez.
3

Ms. VELAZQUEZ. Thank you, Mr. Chairman and good morning,
everyone. Thank you for being here.

The Corporate Transparency Act is landmark legislation aimed
at cracking down on criminals, both foreign and domestic, who for
years have been exploiting weak federal laws to engage in illegal
activity through anonymous shell companies here in the United
States.

Passed in 2021 with broad bipartisan support, the CTA requires
the Treasury Department’s Financial Crimes Enforcement Network
to develop and maintain a registry of the real beneficial owners of
established businesses.

Establishing a BOI registry enables law enforcement to better
target oligarchs, kleptocrats, and terrorist organizations who use
anonymous shell companies to launder illicit funds, evade taxes, fi-
nance terrorism, and facilitate bribes to corrupt public officials. Not
only do these anonymous shell companies do substantial harm and
present a threat to our national security, but they also undermine
competition here at home by taking advantage of legitimate small
businesses.

Prior to the CTA’s passage there were numerous examples of
criminals’ utilization of anonymous shell companies to engage in il-
legal activity. For instance, an anonymous company associated
with the Taliban was able to secure contracts with the Department
of Defense to supply American troops in Afghanistan.

Foreign leaders use shell companies to hide their involvement in
the drug trade and loan their money to Hezbollah, and Chinese
drug traffickers use shell companies to sell deadly fentanyl to
Americans here at home.

Criminals have also used anonymous companies to sell billions of
dollars of counterfeit goods from luxury brands and American con-
sumers has been sold billions of dollars in counterfeit medicines
and medical products from India and China.

The problems do not stop at national security and undermining
consumer welfare. These anonymous entities are responsible for ex-
ploiting resources intended for real American small businesses. Ac-
cording to a GAO report from 2023, over half the charges for fraud
in the PPP and EIDL program involved the use of shell companies
to launder these funds, and two-thirds included nonoperating com-
panies like the ones this law targets.

Small businesses overwhelmingly support the need for the CTA.
More than three-quarters of small businesses expressed support in
2018 for legislation requiring businesses to divulge their beneficial
owners’ true identities at the time of formation, and 84 percent of
small business owners said the use of anonymous companies to win
contracts or obtain government funding was a problem.

Under the CTA, FinCEN began accepting electronic filings of
beneficial ownership information on January 1st. But despite its
critical importance, too many small businesses remain unaware of
their reporting obligation.

More must be done to communicate with small businesses about
these requirements, and I am interested in learning how we can
help do that here this morning—but that is not a good reason to
demonize this law, fear monger about regulatory impact, or cut
funding for such a crucial national security agency.
4

That said, for most affected entities reporting should be rel-
atively simple. The reporting page on the FinCEN website is easy
to use, makes use of dropdown menus, and only requires relatively
basic information that most small business owners either already
know or have readily accessible, such as tax and personal identi-
fication numbers, legal names, and addresses.

Given that the majority of the 32 million small businesses af-
fected as sole proprietors finding this information should be quick
and easy. According to a recent survey, 68 percent of small busi-
ness owners that have already filed indicated the process was easy.

I want to thank the witnesses for their willingness to testify
today, and I yield back. Thank you.

Mr. MEUSER. The gentlelady yields.

I will now introduce our witnesses. The first witness here with
us today is Ms. Carol Roth. Ms. Roth is a small business owner and
has extensive experience and expertise in related small business
matters. Ms. Roth has been a judge on the series America’s Great-
est Makers on TBS and the host of Microsoft’s Office Small Busi-
ness Academy show, as well as a panelist on FOX Business’ Bulls
& Bears and CNBC’s Closing Bell.

Ms. Roth has written three books with her most recent book,
“You Will Own Nothing,” becoming a New York Times bestseller.
She also regularly writes for a number of online publications in-
cluding op-eds for FOX News and FOX Business. Ms. Roth has
been named a top 100 small business influencer by Small Business
Trends multiple times. She earned her Bachelor of Science in fi-
nance and management from the Wharton School of Business at
the University of Pennsylvania. Thank you for joining us today.

Our next witness here with us is Mr. Roger Harris. Mr. Harris
is the president of Padget Business Services located in Athens,
Georgia. Mr. Harris has served as president of Padget Business
Services since 1992, offering services to thousands of small busi-
ness owners ranging from government compliance to tax advice
through hundreds of individually owned locations. Prior to serving
as president, Mr. Harris served as President and Chairman of the
Board in one of the largest franchises in the system.

He was a panelist on President Bush’s Advisory Panel on federal
Tax Reform and served as Chair of the Internal Revenue Service
Advisory Council.

Mr. Harris earned his degree in accounting and finance from the
University of Georgia, J.M. Tull School of Accounting. So, Mr. Har-
ris, we certainly look forward to your testimony as well.

Our next witness with us today is Mr. Timothy Opsitnick. Mr.
Opsitnick is the executive vice president and general counsel of
Technology Concepts & Designs, Inc., located in Cleveland, Ohio,
which provides a comprehensive suite of services including digital
forensics and cybersecurity.

Mr. Opsitnick previously founded JURINNOV, Ltd., which pro-
vides the legal and business communities with innovative solutions
to address their data security needs. He also recently served as
Chairman of the Council on Small Business Enterprises.

Mr. Opsitnick earned his Bachelor of Arts in political science and
psychology from Ohio—how do we pronounce that—Wesleyan—I
should know that—University before earning his JD from Case
5

Western Reserve University School of Law. Thank you for joining
us here today.

And I now recognize Ranking Member from New York, Ms.
Velazquez, to briefly introduce our last witness appearing before us

Ms. VELAZQUEZ. Thank you, Mr. Chairman. Our final witness
today is Mr. Gary Kalman. Mr. Kalman is the Executive Director
of Transparency International U.S. and oversees the organization’s
U.S. operation focusing on illicit finance and the U.S. role in global
anti-corruption efforts.

He was a founding member of the Financial Accountability and
Corporate Transparency Coalition where he served as its Executive
Director from 2016 to 2019. He was also a founder of Americans
for Financial Reform, a coalition that in the aftermath of the 2008
financial crisis led the successful fight for the Dodd-Frank Finan-
cial Reform bill.

He is currently an advisory counsel for the International Coali-
tion Against Illicit Economies, and he is a top advocate for anti-cor-
ruption and transparency issues.

Thank you, Mr. Kalman, for joining us. We look forward to your
testimony.

Thank you, Mr. Chairman.

Mr. MEUSER. Thank you.

Now, before recognizing the witnesses I do need to remind you
all that your oral testimony is restricted to 5 minutes in length. If
you see the light turn red in front of you it means your 5 minutes
have concluded and you should wrap up your testimony.

I do now recognize Ms. Roth for your 5-minute opening remarks.

STATEMENTS OF CAROL ROTH, SMALL BUSINESS EXPERT AND
OWNER; ROGER HARRIS, PRESIDENT, PADGETT; TIMOTHY M.
OPSITNICK, EXECUTIVE VICE PRESIDENT AND GENERAL
COUNSEL, TECHNOLOGY CONCEPTS & DESIGN, INC.,; AND
GARY KALMAN, EXECUTIVE DIRECTOR, TRANSPARENCY
INTERNATIONAL US

STATEMENT OF CAROL ROTH, SMALL BUSINESS EXPERT AND
OWNER

Ms. ROTH. Good morning. I am Carol Roth, a small business ex-
pert and a small business owner myself. On behalf of small busi-
nesses across the United States I am asking that you, our bipar-
tisan advocates for small business, immediately overturn the Cor-
porate Transparency Act’s beneficial ownership information rule
passed by Congress which unfairly targets American small busi-
nesses.

The Constitution of the United States protects the natural rights
of all Americans, including against federal government overreach.
While preventing financial crimes is a worthwhile endeavor, your
methods cannot do so in a way that infringes upon Americans’ nat-
ural rights or assumes that they are guilty without due process.

Asking small businesses and their owners to report sensitive per-
sonal information and identification to an organization involved in
monitoring financial crimes, unfortunately, does just that. It is not
6

only an invasion of privacy but it also creates additional burdens
and challenges for small business owners.

And once again, by exempting big businesses from this reporting
rule, it specifically and unfairly targets and penalizes small busi-
ness owners with a different standard and set of rules.

Small businesses overall are not shell companies. They are the
backbone of the economy. If FinCEN has concerns about money
laundering, cartel activity, or otherwise, they should be using the
courts to receive information on those specific cases and entities.

I imagine you would agree that it is highly unlikely that those
who would engage in such cartel or money laundering activities
would be forthcoming with the information that FinCEN is seeking.
Given that, the rule is ineffective, that is, cartels and money
launderers won’t be swayed to participate, while also unconsti-
tutionally penalizing law-abiding Americans and infringing on their
rights. If there is a concern about foreign entities, well, then the
rule should focus on them exclusively.

Moreover, the penalties, which include significant financial and
criminal penalties including jail time, are egregious. Plus the rule
exposes small business owners to fraud and privacy violations. In
fact, the very first alert on the FinCEN BOI landing page, right in
the center of the website, is an alert about fraudulent information
solicitation attempts from third parties.

Creating this type of database, in addition to the privacy viola-
tions from hackers and unsavory parties, also creates concerns for
abuse internally. FinCEN itself has come under fire for its alleged
unjustified data usage.

In a time when small business owners have been brutalized by
unfair, slanted COVID mandates and their aftereffects, such as
labor shortages and supply chain interruptions, historic inflation,
and other challenges, the last thing they need is more administra-
tive burden both in the original reporting and remembering that
any time a piece of data changes they need to provide an update
or they face jail time.

I personally have had dozens of small business owners tell me
they are considering dissolving their LLCs to become sole propri-
etors without an entity specifically in response to this rule. This
will expose these entrepreneurs to more liabilities and other issues
because they are trying to escape being targeted.

This cannot be how we treat entrepreneurs. Being a small busi-
ness owner is fraught with challenges. The government should be
doing everything possible to uplift small businesses and remove
barriers that interfere with their success.

Instead, with the powers granted to FinCEN and this rule, Con-
gress has added another barrier and is treating small businesses
like criminal masterminds. The ends absolutely do not justify the
means here.

But the most important piece is the rule’s unconstitutionality. A
federal District Court in Alabama has already found the CTA BOI
rule directed at small business reporting to be unconstitutional.
Unfortunately, based on the ruling scope, FinCEN is choosing to ig-
nore this for everyone but the plaintiffs in that case, a peculiar out-
come. If it is unconstitutional, it is unconstitutional period and
should be immediately shut down.
7

FinCEN has many tools at their disposal and a court system to
help their efforts on financial crimes. They should use those tools
and not harm a good portion of America’s more than 33 million
small businesses and their owners in the process.

Good intentions don’t always produce good outcomes, and this is
a perfect example. Congress put this in motion and needs to be the
one to fix it.

Again, I respectfully ask you to work with your counterparts in
the Senate to have Congress immediately overturn the powers
given to FinCEN and the CTA BOI rule. Thank you for your time
and consideration.

Mr. MEUSER. Thank you very much.

I now recognize Mr. Harris for his 5-minute opening remarks.

STATEMENT OF ROGER HARRIS, PRESIDENT, PADGET
BUSINESS SERVICES

Mr. HARRIS. Thank you and good morning, Mr. Chairman and
Ranking Member and Members of the House Small Business Com-
mittee. My name is Roger Harris, and I represent a company called
Padget who has provided accounting, tax, and advisory services to
small businesses for almost 60 years.

And our definition of our target client is a client with fewer than
20 employees so normally when we see legislation, first thing we
do is we look for the small business exception. However, when we
looked at the Corporate Transparency Act we found not only was
there no small business exception our clients were the target of the
legislation.

So that means we had to react to the requirement and try to find
a way to service our clients because our firm and firms like ours
are the primary advisors to small businesses with fewer than 20
employees so they would turn to us and expect us to be the firm
to help them comply with this.

Unfortunately, as we dug into it and as we talked to our legal
advisors and our insurance carriers, we were being told to stay
away from providing this service, that we were potentially going to
face great risk as a firm if we provided these services to our cus-
tomers. Now, why? What were some of the reasons we were given
that we should stay away from this?

Number one is the amount of the penalties which are severe and
could be assessed not only on the business owner but on us. We
lack the guidance and examples of certain things, like substantial
control and most recently willful behavior in terms of assessing the
penalty. What is considered willful behavior?

There were other issues. There is a 30-day timeframe to turn
around certain things within the law. None of us have relation-
ships with small businesses that allow us to react in 30-day cycles
so that presented a problem.

And just generally speaking we were just being told do not do
this. Do not do this. And yet, knowing that our clients were de-
pendent upon us, we started to say we have to find a way so we
started working with groups like AICPA, the National Association
of Enrolled Agents and other accounting associations.

We came up to DC and met with many of your staffs to look for
ways to try to make this work. We actually had meetings with
8

FinCEN and tried to find a way to see if there was any way to,
number one, create more awareness because if our clients did not
hear it from us they had no idea that this rule or law was ever in
existence.

And if we could not serve them we were going to be faced, I be-
lieve, with massive noncompliance in the small business commu-
nity. And if the noncompliance is not going to be because these
businesses are laundering money. It is because they are not filing
a form. So we need to find a way if we are going to have this rule
to make it work.

So we think that there are some common sense things that we
can do to see if we can make this work. Number one, I want to en-
dorse the suggestion that AICPA made, which was because of the
legal result in Alabama to put implementation on hold until, first
of all, that that lawsuit is settled, and then give us an additional
12 months after that to try to find fixes to see if we can make this
work.

We also need to really look at the 30-day requirement. It is just
not practical for most things. Personally, I would rather not have
a 30-day requirement at all, but if we are going to have to have
30 days would like to see something as simple as your driver’s li-
cense renewing to start a clock ticking for noncompliance.

We need changes in third party certification to fit more like what
we do when we prepare someone’s tax return. Right now we are
being asked to take a stronger position legally on the beneficial
owner than we do on that same business’ tax return.

And next I think the IRS has worked with us to support small
businesses for years, and I think FinCEN could learn some things
on how they communicate, how they issue guidance, how they issue
examples to our group so we can assist this in the small business
community.

So I think the summary of what I am saying today is that this
isn’t going to work as it is currently structured. It is going to cause
Massive noncompliance in the small business community. And
again, I will remind you that is not because they are laundering
money. It is because they didn’t file a form.

So I am hoping that you can help us in making what we think
are reasonable changes to allow us to do our job and get the com-
pliance that I think was anticipated when the bill was passed.

Thank you for holding this hearing. Thank you for allowing us
to be here today, and I look forward to your questions.

Mr. MEUSER. Thank you very much.

I pow recognize Mr. Opsitnick for your 5-minute opening re-
marks.

STATEMENT OF TIMOTHY OPSITNICK, EXECUTIVE VICE
PRESIDENT AND GENERAL COUNSEL, TECHNOLOGY CON-
CEPTS & DESIGN, INC., AND NATIONAL SMALL BUSINESS AD-
MINISTRATION

Mr. OPSITNICK. Thank you, Mr. Chairman. Mr. Chairman,
Members of the Committee, Ranking Member Velazquez, thank
you for holding today’s hearing on the implementation of the Cor-
porate Transparency Act.
9

My name is Tim Opsitnick and I am the part owner of several
small businesses, including Opsitnick, LLC, OnCall Cyber, Ltd.,
and serve on the boards for several nonprofits and small busi-
nesses. I am also the executive vice president of TCDI, a business
focused on legal services, computer forensics, and cybersecurity.

I am grateful to be here today on behalf of the National Small
Business Association testifying on an issue that is truly critical to
the entire small business community.

Before I begin, I would like to address the elephant in the room.
As you may know, the NSBA is involved in active litigation over
the constitutionality of the CTA. I am not here to address that case
but rather to speak to some of the specific impacts that the law has
had on small businesses that I work with and to shed light on the
experiences that entrepreneurs and main street business leaders
face in the current regulatory environment.

I am active in small business groups and chambers at the fed-
eral, state, and local level. Through these groups and my advisory
work, I have made connections with small business owners across
industries, locations, and sizes from multigenerational family busi-
nesses to first-time entrepreneurs working out of their apartments.

In my experience, first-timers are much more fragile. With every
minute and every dollar critical to survival they can least afford to
spend significant time and money on compliance and have the least
awareness of complicated federal regulations, yet, paradoxically,
are the first to be implicated and impacted by the CTA.

As of January 1, any non-exempt new entity must report its ben-
eficial owners to FinCEN within 90 days of formation. This places
the first reporting burden on fledgling entrepreneurs who are least
prepared to comply. Moreover, the regulations are unclear even
when simplified for the public. Specifically I would like to draw
your attention to FinCEN’s 57-page Small Entity Compliance
Guide, as well as the 45-page FAQ.

A first-time entrepreneur looking to open a coffee shop, for exam-
ple, must push through 102 pages of explanatory language to un-
derstand the reporting burden. Given permitting and other delays,
it is entirely possible that our aspiring barista would have to act
on all of this before a single cup of coffee was served to a customer,
all under the threat of criminal sanctions.

Compounding problems like the government’s limited outreach,
the lack of clarity, and strong liability concern, small businesses
also face a dearth of expert advisers able and willing to interpret
the regulation or to help them file.

Secretary Yellen said that FinCEN is making reporting as easy
as possible. A small business shouldn’t need a certified accountant
or lawyer. As a small business owner and as a lawyer, I completely
disagree.

For example, in determining who must be a beneficial owner the
filer must determine not only who is an owner but must list those
with substantial control over the business. Lawyers do not under-
stand the meaning of substantial control, let alone the barista I
mentioned. The term would make for good law school discussion.

As to the financial burdens, a recent NSBA survey revealed that
the small business owners are anticipating average compliance
costs of nearly $8,000 in the first year.
10

Nearly half also intend to rely on outside advice from multiple
professionals. Worryingly, even lawyers and accountants are woe-
fully unprepared. Attorney list serves are alight with conversations
about what to advise clients. The typical advice that I see is wait
to the last minute.

As I mentioned, part of my work includes cybersecurity and data
privacy. Let me stress we do not know that this database is secure.
We further know that the information or access to the database
will be shared.

Every time an owner shares their information the risk that it
will be misused or lost to the dark web significantly increases.
FinCEN’s own website opens with an alert about fraudulent solici-
tations under the CTA.

According to NSBA research, the average cost to remedy a small
business data breach is $15,297. These figures could cripple small
businesses who are cash-strapped and cash flow-sensitive.

Small business leaders cannot afford to be vulnerable. The ma-
jority of small business leaders that suffer a breach will be out of
business within 6 months.

In conclusion, I would like to reiterate the small business com-
munity’s thanks to the committee for their attention to these
issues, and I very much look forward to answering questions.

Mr. MEUSER. And outside of that it is wonderful, correct? No,
I am kidding.

Now, Mr. Kalman, we give you your 5 minutes to make your
opening remarks.

STATEMENT OF GARY KALMAN, EXECUTIVE DIRECTOR,
TRANSPARENCY INTERNATIONAL U.S.

Mr. KALMAN. Chairman Meuser, Ranking Member Velazquez,
and Members of the Committee, on behalf of Transparency Inter-
national U.S. I appreciate the opportunity to discuss the progress
towards the implementation of the Corporate Transparency Act.
Transparency International is part of the world’s largest and oldest
coalition fighting corruption.

The CTA’s historic anti-money laundering measure that Con-
gress correctly understood would strengthen the ability of law en-
forcement and the U.S. national security community to curtail the
use of anonymous entities to commit crimes.

Moreover, the CTA’s reporting requirements are neither unusual
nor unprecedented for everyday Americans. Most states collect
more information when granting public library cards than is re-
quired under the CTA.

And the CTA benefits small business owners by among other
things protecting them from unfair and fraudulent competition
while imposing minimal compliance costs. The law passed with
broad bipartisan support in Congress and has seen strong vocal
support from both the Trump and Biden administrations. In the
lead up to passage, Congress gathered a litany of evidence of the
harms caused by anonymous shell companies.

In the 2018 Money Laundering Risk Assessment, the Treasury
Department wrote that drug crime and associated financial flows
has changed with the rise of China as a supplier of fentanyl and
its analogs, noting that the U.S. Drug Enforcement Agency has de-
11

termined that, “Goods are being exported to China by U.S. front
companies as payment for drugs.”

In 2020, the U.S. Department of Justice went after millions de-
rived from a nearly 20-year-long scheme to evade U.S. sanctions on
Iran by laundering more than $300 million through more than 70
front companies in California and other jurisdictions. These and
similar reports are why more than a hundred national security ex-
perts ultimately signed a letter to Congress calling for legislation
that would require the collection of beneficial ownership informa-
tion.

Congress also heard evidence demonstrating how anonymous
companies are used to undermine our markets and disrupt legiti-
mate business. Anonymous companies were used to sell knockoff
products to the Pentagon and used to import and sell counterfeit
medicines from India and China. Likewise, patent trolls and
fraudsters have abused anonymous companies to target small busi-
nesses.

Given the potential for harm, it is not surprising that in multiple
polls small business owners felt that the benefits of the CTA’s re-
porting requirements outweighed the cost. There were two inde-
pendent polls, one in 2018, as mentioned by the Ranking Member,
and another in 2019. Both found that roughly three-quarters of
small business owners supported beneficial ownership disclosure
requirements and support was consistent across party lines.

Support for ending the incorporation of anonymous companies
now includes a diverse set of business trade associations, including
the U.S. Chamber of Commerce, law enforcement agencies, faith-
based organizations, and scholars from both conservative and lib-
eral-leaning think tanks among many, many others.

Likewise, the Trump administration encouraged congressional
passage of the CTA. In its statement of administrative policy it
said, “This legislation will help prevent malign actors from
leveraging anonymity to exploit these entities for criminal gain.”

And the Biden administration echoed that support in its U.S.
strategy and countering corruption stating that, “We will address
these deficiencies in the U.S. anti-money laundering regime by ef-
fectively collecting beneficial ownership information.”

The CTA requires simple reporting to mitigate these national se-
curity and public safety threats. According to the Small Business
Administration, approximately 82 percent of all businesses in the
U.S. are non-employer firms, meaning that there is only one person
in the enterprise. True small business owners will not have trouble
identifying the owner of their business. It is, therefore, misleading
to suggest that many reporting companies will have difficulty or
costly processes in identifying their beneficial owners.

From a practical standpoint it seems improbable for a business
to have the resources to pay for the creation of a complex structure
but not be able to name who sits at the top of the corporate food
chain.

FinCEN’s rollout of the database was successful. Already more
than a million businesses have filed. In fact, a post-rollout poll
found that among those small businesses that had filed 68 percent
reported it being somewhat or very easy to comply. Only 6 percent
found it very difficult.
12

If Congress is concerned about the lack of awareness of the law,
I would urge Members of this committee to support increased fund-
ing for FinCEN. There is bipartisan support for an increase to pro-
vide additional outreach on the CTA and other implementation
costs to ease compliance.

Thank you and I look forward to your questions.

Mr. MEUSER. All right, thank you. We will now begin our line
of questioning, and I am going to begin with myself and allow my-
self my 5 minutes of questioning.

So, look, since taking office the Biden administration has insti-
tuted many regulations, many new taxes on energy and small busi-
ness, and it has not been business-friendly. In fact, it has weak-
ened small businesses.

So this FinCEN approach to beneficial ownership rule I don’t
think we believe needs to be completely rescinded, but my first
question here will go to you, Ms. Roth, but there aren’t many small
businesses that are embracing it and can handle it, understand it.
And the rollout has been tumultuous, has been a problem.

The number that you just had brought up, Mr. Kalman, on,
what, you said 6 percent, well, I find that challenging to believe,
frankly, but data is data. But we will begin our questioning.

So, Ms. Roth, has FinCEN reached out to small businesses? Have
they adequately reached out to let people know what the potential
fines were, what the compliance is, why this is even being done in
the first place?

Ms. ROTH. Not that I am aware of and certainly not with the
small business owners that I have spoken with. For my written
statement for the record that I submitted, I brought with me al-
most 450 statements from small business owners across this coun-
try who are vehemently opposed. Most of them when I brought it
up to them either through the media or other ways that they have
come in contact with me, had never heard of it.

They also have no idea who FinCEN is. You know, I am a recov-
ering investment banker so I am familiar with, you know, the Fi-
nancial Crimes Enforcement Network, but for your average small
business owner they are just trying to stay afloat. They are not fa-
miliar with that division of the Treasury.

And when they find out, they are saying why is it that the Fi-
nancial Crimes Enforcement Division of the Treasury is asking for
my information?

So the communication certainly hasn’t been there and as small
businesses find out more about it the reaction isn’t usually, oh,
well, this sounds like a great thing. It is horror, and that is why
I was able to bring so many statements to bear.

Mr. MEUSER. Of those you surveyed for this, the 450 state-
ments against and having problems with it, can you share with us
how many said it is okay, I am handling it, I think it is a good
idea?

Ms. ROTH. None.

Mr. MEUSER. Zero?

Ms. ROTH. Zero.

Mr. MEUSER. Okay. So what percentage is that? You went to
Wharton.

Ms. ROTH. Zero.
13

Mr. MEUSER. Yeah, okay. Zero again, not zero, right for it.

So okay. So, Mr. Harris, let me ask you, please. Explain the ac-
counting industry’s problem and lack of comfort assisting small
businesses to comply with this rule.

Mr. HARRIS. Like I mentioned in my statement, there are just
so much unknowns and risks that are potentially assigned to us,
which if we have to go forward with no additional guidance, we are
going to have to charge more for this service than I think is fair
for the small business owner to have to incur because risk is some-
thing we have to factor into how we charge.

So if we could get some cooperation. You know, there are some
things that seem simple. I know I mentioned I have been to two
FinCEN meetings. I have asked them for a definition—not a defini-
tion, but guidance on the role of a spouse and whether a spouse
who you go home and talk to every night about your business could
be deemed to have substantial control, even though they own noth-
ing in the business?

And we got a non-answer, and that is where we have risk. We
need guidance. There are all kinds of—in the tax code the spouses
are addressed many times in terms of their role and the attribution
rules and all these sorts of things. So we are just asking for the
same guidance that we have everywhere else.

Without that we are going to be unable to provide the help that
these businesses are going to need. And I can tell you if we don’t
help they are not going to do it.

Mr. MEUSER. Thank you.

Mr. Opsitnick, what can be improved on the FinCEN rule in
order to make you more comfortable with it?

Mr. OPSITNICK. Well, we are not comfortable with it at all,
which is the reason for our court challenge. We don’t think that
this is the way at all. We, you know, we don’t see any improvement
that is possible.

We are certainly willing to engage in conversation and we
haven’t been given that opportunity to engage in conversation. You
know, this is kind of where I get a little bit frustrated. We are very
happy to have the opportunity right now to talk about the Cor-
porate Transparency Act, but we weren’t given that opportunity be-
fore. And, in fact, it was a 21-page rider attached to a 1,500-page
National Defense Authorization Act bill where it was passed.

There was no prior discussion of it before. We didn’t have the
time to discuss possible ways to improve it. It was just passed as
a rider.

And, you know, when we consider that that is impacting 33 mil-
lion small businesses and 60 million employees

Mr. MEUSER. Clearly heavy-handed government on——

Mr. OPSITNICK.—that—yes.

Mr. MEUSER.—on our small business backbone of our economy.
I thank you very much, and I yield back.

And now I recognize the Ranking Member for her 5-minute re-

Ms. VELAZQUEZ. Thank you, Mr. Chairman.

The regulatory environment under this administration is such,
right, that has impacted so many small businesses I don’t know
14

how that reconciles with the fact that 10 million small businesses
started since Joe Biden took office. Something doesn’t click here.

Mr. Kalman, the CTA took over 10 years to pass and you met
with a number of staff and Members, correct? What were the key
issues that brought Democrats and Republicans together that led
to this law passage?

Mr. KALMAN. Thank you for the question. There were a number
of issues, I think, that brought a wide variety of constituencies. In
fact, anonymous companies have been used for so many different
crimes that is why you had the variety so national security,
fentanyl trafficking, human trafficking, counterfeit and pirated
goods, fraud in government contracting, and more.

Ms. VELAZQUEZ. Can you comment on the unique array of or-
ganizations and interests which made up the coalition of stake-
holders that fought for this law?

Mr. KALMAN. Sure. In my written testimony I listed a number
of the different constituencies that ranged, cops, sheriffs, local pros-
ecutors, Republican and Democratic attorneys general, anti-human
trafficking organizations, human rights organizations, and the
whole gamut.

Ms. VELAZQUEZ. Why we are so many different interests
aligned on this path?

Mr. KALMAN. They saw, and I would also point out the law en-
forcement support, of the value of the information that they believe
this would be helpful in stopping the kinds of crimes that we have
been talking about.

Ms. VELAZQUEZ. FinCEN began accepting beneficial ownership
information on reporting companies on January 1, 2024. There are
penalties for willful failure or deception in reporting. Why is the in-
clusion of the word willful so important and how does it impact
small business owners?

Mr. KALMAN. So there are different standards for culpability in
different laws and negligence is amongst the lowest. Willful is
amongst the highest, so the notion that if you don’t know about the
law and don’t file it is incorrect to suggest that that is rules for
prosecution, You have to know about the law and decide not to file.

Ms. VELAZQUEZ. What happens if a small business owner acci-
dentally makes a mistake on their submission to FinCEN?

Mr. KALMAN. They are not liable. They are not guilty of vio-
lating the law.

Ms. VELAZQUEZ. Mr. Kalman, under the law reporting compa-
nies must provide the beneficial owners’ full legal name, date of
birth—it is this form here, right—current address, and unique
identifying number from an identification card. Can you give us an
example of when a legitimate business would be incapable of pro-
viding this information?

Mr. KALMAN. We actually, in the 12 years of debate over this
law, people put out some hypotheticals but no one actually came
forth with a company that wouldn’t. I would also point out that
Members created in the law a FINCEN identifier for those parent
companies that for some reason, legitimate or not, didn’t want their
subsidiaries to know who they were, they could use an identifier
to continue that anonymity.
15

Ms. VELAZQUEZ. Companies are required to report updates to
the information on file within 30 days of change. Some claim that
this will subject reporting companies to harsh penalties if they for-
get to update their information. Is that true?

Mr. KALMAN. If you forget again to file that is not a violation
under the law.

Ms. VELAZQUEZ. Mr. Harris, do you think it would be helpful
for Secretary of States to provide a link to FinCEN’s database
when small businesses register their businesses?

Mr. HARRIS. Well, it probably wouldn’t hurt, but they are still
going to reach out to firms like us and say what does this mean?
Because as I think I said in my written testimony, a small business
owner gets into business to do the one thing they love and the 99
things that they hate, and this ranks up there with the top of the
99. So they are just going to reach out to us and say what does
this mean, what does it do?

I mean, it, couldn’t hurt, but I am not sure it is a——

Ms. VELAZQUEZ. But you don’t think this will help small busi-
nesses know about the need to register?

Mr. HARRIS. It has got to create some awareness.

Ms. VELAZQUEZ. Right.

Mr. HARRIS. Right.

Ms. VELAZQUEZ. I think that there is a role for different fed-
eral agencies and for FinCEN to understand that they have to
bring in other federal agencies such as the Small Business Admin-
istration——

Mr. HARRIS. They should.

Ms. VELAZQUEZ.—the partners out there, small business B2Cs,
to help educate businesses that they must comply with this regula-
tion.

Thank you, Mr. Chairman. I yield back.

Mr. MEUSER. The Ranking Member yields back.

I now recognize Representative Luetkemeyer from Missouri for 5
minutes.

Mr. LEUTKEMEYER. Thank you, Mr. Chairman.

I am an interesting guy to have on the committee here this
morning because I was a sponsor, the Republican sponsor, of the
Corporate Transparency Act. And as much as I hate that bill and
hate that rule, my intention on that was to make sure we minimize
the effect of this bill or this rule because it originally was a horren-
dous thing.

But because of my involvement we were able to trim it down
and, in fact, you only had four things you were supposed to do and
you were supposed to be able to do on a postcard. Guess what?

The administration continues to do what they always do, which
is misinterpret what is going on, misconstrue, and now we have got
over 50 different requirements that they are supposed to comply
with. They have totally taking a law and just torn it up and start
all over again.

In our discussions with FinCEN they say what we need to do is
target those businesses under $5 million in revenue. There is noth-
ing like that in the bill.

They don’t need this. I agree with Ms. Roth and all of you. They
don’t need this. They are tools in their toolbox right now to go to
16

the court and find out and get their warrants they need to be able
to go investigate. What they have done is weaponized the financial
services industry and make them deputies in their law enforcement
activities, which is wrong in my mind.

But, again, the intention was to try and minimize what went on
and I think we did that in the course of what we were trying to
do here. However, they have taken the law again and done it com-
pletely different.

So let’s go back with the cost of this originally as to what is going
to be. I know we had Director Gacki from the Financial Services
Committee a while back, and she stated that accounts will not be
subject to criminal litigation for filing this information. Is that the
way you read that, Mr. Harris?

Mr. HARRIS. Well, I certainly hope so, but I think, again, it is
going to depend on certain definitions of what is willful. I mean,
are we willful? I wish FinCEN was as good in offering the defini-
tions as Mr. Kalman was about what is willful because we have
asked for that guidance and we have not been given clear guidance
on willful.

So I mean, I am not sure anybody is out to penalize small busi-
nesses just for the sake of penalizing them, but as long as that
threat hangs over them and firms like us we are going to have to
be cautious in how we move forward. That is the best I can do.

Mr. LEUTKEMEYER. Yes. We argued long and hard over the
words willful, as Ms. Vazquez talked about, and substantial which
I think Mr. Opsitnick mentioned a minute ago. We have argued
long and hard over those and trying to find some definitions.

Never did really come up with some good ones that actually
work. But I know that it is very frustrating for all of us to sit here
and put something on our small businesses.

Now, I think, Mr. Opsitnick, I think you made a comment. I
think you talked about an average of, like, $8,000 per small busi-
ness it would cost. The American Action Network says it is going
to cost about $2.2 billion in total to comply with. Where do you get
your figures from and how do you come up with that?

Mr. OPSITNICK. Our figures came from a survey that we took
from our membership. Our memberships reported themselves what
they expected the cost to be to them. If you would like, I can go
through a little bit more——

Mr. LEUTKEMEYER. Yeah, no.

Mr. OPSITNICK.—about what the process might be and why
those numbers might be so much higher.

b Mr. LEUTKEMEYER. Yes, well, go ahead. Just go into it a little
it.

Mr. OPSITNICK. Yes. So, I mean, let’s think about the process.
I mean, in this process, first of all when you consider their time,
the impacts of their time, first they are going to have to read 102
pages of guidance. They are going to have to review the website for
all these other things. They are going to have to talk to their attor-
neys, their accountants, other consultants.

They are going to have to determine do they fall with any of the
exceptions. And most importantly for business owners, they are
going to talk with their peers because, frankly, we get our best ad-
vice typically from our peers. They are going to have to determine
17

who is a business owner with substantial control, which is incred-
ibly vague.

And then they are going to have to gather the information of the
information and then they are going to have to input it. And all
of that while being distracted from generating revenue of their cur-
rent business.

Mr. LEUTKEMEYER. Thank you. You know, Ms. Roth, I agree
with you wholeheartedly. I hate this rule. I fought it from the very
beginning and once it got implemented we were trying to figure out
how to make it minimally impactful on our folks. And instead we
find out what this complex law now is with playing a game of
gotcha. It is basically what the administration is doing here with
this because we had it kind of refined down to, I think, something
that everybody could probably live with: a postcard with four ques-
tions on it that reveal your name, address, Social Security number,
and ownership. I mean, that should be pretty simple. But now they
have turned it into this monstrosity.

How would you see us—what would you recommend for us to do
to change this thing to make it, short of getting it out, you know,
getting rid of it altogether, how can we make it less intrusive?

Ms. ROTH. Well, I think that, you know, when we are talking
about costs and making it less intrusive one of the key costs we are
not talking about is risk. And that is the risk that this information
gets in the wrong hands. That is the risk that they are going to
get enormous fines, that somebody is going to say, oh, you willfully
forgot this for a year and now all of a sudden you owe $215,000
or jail time.

There is an asymmetric risk problem going on here and that is
the number one biggest cost of this right now.

Mr. LEUTKEMEYER. Okay, thank you, and I would yield back.

Mr. MEUSER. The gentlemen’s time has expired.

We now recognize Representative McGarvey from Kentucky for
5 minutes.

Mr. MCGARVEY. Thank you, Mr. Chairman. I appreciate that.

And I just want to open up with a few statements that I hope
are not controversial. We should crack down on bad guys who use
shell companies to commit crimes. It is not unreasonable to have
small businesses provide some identifying information to the gov-
ernment when dealing with them.

And small business owners in my district in Louisville, Ken-
tucky, accountants, Mr. Harris, shouldn’t have to call my office in
tears because they haven’t gotten guidance from FinCEN on how
to comply with BOI reporting requirements and they think they
are going to jail.

So I think we should frame this conversation in that sort of way
where we are trying to make sure that the bad guys aren’t doing
bad things, that small businesses have what they need, and they
can comply.

And I think it is obvious FinCEN’s rollout must be better. My
staff has taken those calls from accountants, from small busi-
nesses, from people who honestly they think they are going to end
up in jail because of CTA. FinCEN and Treasury need to do a
much better job in educating and communicating over the next
year, but I think we can help with that, too.
18

And people who are just outright opposed to anything can aban-
don some of the fear mongering that is causing this sort of reaction
from my constituents, so I want to ask a few questions. I will start
with Mr. Kalman. The penalties under the Corporate Transparency
Act only target individuals who willfully provide false or incomplete
information to FinCEN, correct?

Mr. KALMAN. Correct.

Mr. MCGARVEY. Okay. And then how can FinCEN—because
this is the Small Business Committee we want to make sure that
that small businesses have what they want, the stories are real.
How can FinCEN coordinate with the SBA to ensure an adequate
rollout to help these small businesses comply with these regula-
tions?

Mr. KALMAN. Thank you for the question, and I think that is
actually the most productive thing we can talk about so I appre-
ciate you raising it.

You know, FinCEN does have some ability and, in fact, in two
days I am going to be on a webinar with some small businesses to
talk with FinCEN to talk about implementation of the law and to
help them with compliance.

But I think the number one thing that Members of this com-
mittee could do is to join with their colleagues in asking for more
money for FinCEN specifically for implementation and education of
the constituency of small businesses. There is an awful lot that can
be done. FinCEN doesn’t currently have the resources.

Mr. MCGARVEY. Mr. Harris, I want to ask a question of you as
well. In your testimony you said you have no problem with the
goals of CTA but you do believe that the current implementation
of the BOI reporting requirements without adjustments lead to
mass noncompliance. I would ask sort of the same question to you.
Is there a role here for the SBA and FinCEN to coordinate to get
an adequate rollout for these small businesses to comply with the
regulations?

Mr. HARRIS. Well, I think there is a role for everybody because
clearly there is massive lack of awareness, understanding. So I
think we need to—if we are going to go forward with this then we
need to utilize all the tools that we have to, number one, educate
the small businesses of the requirement, to address some of the
concerns that both they and firms like ours feel because I am not
an expert in crimes, certainly not in money laundering, so I have
to defer to others on whether this is an effective way to combat
those types of activities.

But I do know that this is not an effective rollout of a way to
combat those activities. So I think it is going to take everybody
working together to try to find a way to make this work if we are
going to go forward with it.

Mr. MCGARVEY. Thank you. I appreciate that.

Mr. Kalman, I will come back to you. We know FinCEN was sub-
ject to a great deal of criticism for how they have educated affected
businesses during implementation, and I think with good reason.
Has the outreach and education effort—has the outreach improved?
Have the education efforts improved since the law has gone into ef-
fect, if you know?
19

Mr. KALMAN. I think there has been a step up in webinars and
outreach. I think the biggest thing that FinCEN is doing is trying
to work with secretaries of state across the country and with the
IRS. These are places where small businesses just have inter-
actions and so those are touch points where I think they can make
a lot of difference. And I think they are stepping up those efforts,

yes.

Mr. MCGARVEY. Mr. Harris, I will ask you the same question
in the 20 seconds we have got left.

Mr. HARRIS. Everything helps. You know, like I said, I just
come back to the fact that at this point we need to channel all of
our resources to see if there is any way to make this work.

I would ask each of you to go back to your home districts and
ask a business owner if they have ever heard of it. I think they will
say no. If they say yes they probably heard it from a firm like ours,
so we have got a lot of work to do.

Mr. MCGARVEY. Thank you. I know it wasn’t fair for me to say
20 seconds answer how to fix this, but that is what we had.

Mr. Chairman, I yield back.

Chairman WILLIAMS. The gentleman yields back.

I now recognize Representative Maloy from the great state of
Utah for 5 minutes.

Ms. MALOY. Thank you, Mr. Chairman.

Mr. Harris, I was going to start with a different question but I
am going to answer your question first. So I have been in Congress
for 5 months and I have had several calls from businesses in Utah
where I represent about this, and they are really nervous about
their ability to comply and some of the small businesses that have
called me have been accounting businesses.

Mr. HARRIS. Sure.

Ms. MALOY. I share your concerns. In fact, the first week I was
in Congress I got a call about this and I went and talked to Mr.
Luetkemeyer on the floor and so this is something I have been
looking at the entire time I have been here.

And there is discomfort and disquiet out there in the small busi-
ness community that they are going to get in trouble for trying to
comply with something they can’t understand, which is government
at its worst, that we are up here talking about intentions.

You know, this was intended to stop money laundering. This was
intended to be simple, but our intentions don’t really matter if the
result is disruption to the small business community. So we should
be able to do better than that.

And to that point, Ms. Roth, you talked about asymmetric risk
problem in your last answer. Do you want to take a minute and
just unpack that a little bit for all of us?

Ms. ROTH. Sure. I am going to actually read from one of the al-
most 450 small business owners who have proposed this. This is a
gentleman by the name of David Stiles, who is a consultant. He
said he will “close his doors rather than expose himself to the
asymmetrical risk of exposure of personal information and the po-
tential to be prosecuted if the government deems I have completed
my documents incorrectly. Given the complexities and ambiguities
of the CTA’s BOI rule, I view the risks and consequences of run-
ning afoul of compliance to be unacceptably high. Engaging profes-
20

sional help to complete the required documentation would turn my
consultancy into a money loser.”

Ms. MALOY. Thank you. That was a even better answer than I
anticipated. And the reason we are doing this is because we are
trying to stop money laundering. I am going to open this question
up to everyone on the panel. Is anyone aware of any money laun-
dering businesses that have actually been picked up with this?

Ms. ROTH. No, and I think that is sort of the fundamental issue
with what we are talking about here if we want to prevent finan-
cial crimes. Does anyone actually think that a money launderer or
cartel is going to be the one that reports?

And we have other tools. We have suspicious activity reports. We
have the courts. So we should be focusing on those rules and not
penalizing small businesses as a way to go after money launderers
and cartels.

Ms. MALOY. Mr. Harris?

Mr. HARRIS. I am not aware of anyone, but I do the best I can
to stay away from people who launder money.

Ms. MALOY. So do I.

Mr. Opsitnick?

Mr. OPSITNICK. I am certainly not aware of anyone, and I
couldn’t agree more with Ms. Roth. I mean, this is exactly what it
is about. The people who are evil are going to manipulate the sys-
tem. They are not going to comply. We are going to comply because
we follow the rules.

Ms. MALOY. Or you are going to try to comply.

Mr. OPSITNICK. We are going to do our best.

Ms. MALOY. Mr. Kalman?

Mr. KALMAN. I would say the law has been in effect for a few
months and people are just starting to file so it wouldn’t be sur-
prising if there are no cases.

I would point out, however, that many of these directories are
very similar throughout Europe and the U.K. and have been in
place for several years and, yes, they have actually yielded a num-
ber of cases. And we are happy to supply examples if that is help-
ful.

Ms. MALOY. Well, recognizing that this is fairly new it just feels
like a good old-fashioned dragnet operation, which we don’t do in
this country, because the tradeoff of violating rights in exchange
for stopping crimes is just not something that we are willing to tol-
erate.

Mr. Opsitnick, you talked about how lawyers can’t understand
the terms and they are not sure how to define them. My back-
ground is in the law and definitions really matter as an attorney.
It is risky to advise a client to do something if you are not sure
where the line is to get them, you know, the line that will cause
them legal problems and you are in the middle of a lawsuit over
this very problem.

I just want to go back to this definition of willful. If the highest
penalties are someone who willfully refuses to comply, what is the
risk to a business that is that is attempting but doesn’t understand
what the terms mean?

Mr. OPSITNICK. You know, what I worry about most is not the
scienter or the, you know, degree of culpability that is engaged in
21

the definition of willful. What I worry about is the impact on a
small business that is actually being charged and has to then go
through the process to prove that they, in fact, did not do some-
thing willfully.

You know, the amount of money would be devastating to their
business. It would put them out of business. You can’t even imag-
ine the amount of effort it would take to fight the government if
they come and tell you you willfully failed to comply.

Ms. MALOY. I am going to cut you off because I only have a few
more seconds, but what we talk about a lot on this committee is
removing burdens from small businesses, streamlining processes,
making it easier for small businesses, and it feels like this is the
opposite of that.

And with that, Mr. Chair, I yield back.

Chairman WILLIAMS. The gentlelady yields back.

I now recognize Mr. Thanedar from the great state of Michigan
for 5 minutes.

Mr. THANEDAR. Thank you. Thank you, Mr. Chair, and good
morning to all of you. Thank you for being here.

My question is for Mr. Kalman. It is crucial to acknowledge the
significance of safeguarding the information collected under the
Corporate Transparency Act. This legislation marks a critical step
in combating transnational crime and corruption by requiring the
disclosure of beneficial ownership information; however, with such
sensitive data being collected ensuring robust security measures is
paramount.

Mr. Kalman, could you elaborate on the security mechanisms in
place to safeguard the information collected under the CTA, par-
ticularly concerning access to the database by law enforcement, na-
tional security, and financial services professionals?

Mr. KALMAN. Sure, and thank you for the question. I think over
the course of the debate there were concerns about security and so
the security concerns that FinCEN is now required to put in
place—not everybody in law enforcement has access to the data-
base.

You have to be certified. You have to go through a training. You
have to go through a background check. When you log on every
logon is tracked and, therefore, there is an audit of that and it can
be traced.

You have to say that there is an existing investigation. And there
are penalties which are actually, I think, stronger for leaking the
information than there are for not reporting. And so appropriate
security measures, recognizing some of those concerns, were nego-
tiated and included in the law.

Mr. THANEDAR. All right. Thank you, Mr. Kalman.

And, Mr. Chair, I yield back.

Chairman WILLIAMS. The gentleman yields back.

I now recognize Representative Stauber from the great state of
Minnesota for 5 minutes.

Mr. STAUBER. Thank you, Mr. Chair and Ranking Member
Velazquez, for holding this hearing. And thank you to all the wit-
nesses for being here today and taking time out of your busy sched-
ule to shed light on this topic.
22

Over 700 regulations have been added to the Federal Register
costing nearly $440 billion since Joe Biden took office and
FinCEN’s recent beneficial ownership information rule is yet an-
other regulatory burden placed on American small business owners
by this administration. It is clear the Biden administration’s prior-
ities aren’t with the men and women who own small businesses.

Forcing the collection of personal data from millions of small
businesses opens them up to potential data breaches and fraud.
FinCEN hasn’t helped provide much clarity on reporting at this
moment either.

Mr. Opsitnick, many small businesses are unaware that this re-
porting obligation is pending. Can you please talk about the poten-
tial consequence of noncompliance with the BOI rule?

Mr. OPSITNICK. Well, the consequence is devastating to a small
business to think that you could go to jail for two years for failing
to comply or that you would, you know, get civil penalties as well.
It would be devastating.

And my own experience is that there is simply nobody is aware
of this. And in the boards that I am on who would have some re-
sponsibilities, the nonprofits, you know, my local sportsman’s club,
my homeowners’ association, these issues have never been raised.

I have never received letters from my small businesses from
FinCEN. The only reason I am aware is because I happen to be a
past Chair of the local Chamber of Commerce where we, you know,
we are very much involved in these issues. So my awareness is be-
cause I am active.

Mr. STAUBER. Yes. Thank you very much.

Mr. Kalman, on your company’s website Transparency Inter-
national outlines their “solution on beneficial ownership trans-
parency by saying countries should create centralized public reg-
isters of beneficial ownership with verified information on who ulti-
mately owns or controls these structures. These would allow every-
one to see who is hiding behind anonymous companies and trusts.”

Do you believe Americans should lose their right to privacy sim-
ply for opening a business?

Mr. KALMAN. My organization does believe, as they have in Eu-
rope and throughout the U.K., that the names behind companies
have been extremely helpful in deterring corruption and, therefore,
have supported public registries, yes.

Mr. STAUBER. Do you believe Americans should lose their right
to privacy simply for opening a business?

Mr. KALMAN. As I said, I think the value of the information——

Mr. STAUBER. Mr. Kalman, I just have a little bit of time. As
executive director of Transparency International do you believe
your home address should be publicized?

Mr. KALMAN. I believe that not all the information, because if
you are going to get to driver’s license and all of that, that is not
made public, by the way, in any of the registries as far as I am
aware.

Mr. STAUBER. Mr. Kalman, I do——

Mr. KALMAN. And so there——

Mr. STAUBER. Yes, excuse me, just with the limited time, I
know a filibuster when I see one. Should other Americans not have
23

a right to register a business without publicizing their home ad-
dresses?

Mr. KALMAN. It is the business address I believe that is actu-
ally required.

Mr. STAUBER. That is right. So you don’t believe they should
be required to publicize their home address?

Mr. KALMAN. If that is the business address then it is the busi-
ness address.

Mr. STAUBER. And have you owned a small business?

Mr. KALMAN. Yes.

Mr. STAUBER. Explain please.

Mr. KALMAN. I had a small consultancy where I helped non-
profits with some of their fundraising and administrative efforts
back when I lived in Philadelphia.

Mr. STAUBER. The Transparency International, how many em-
ployees?

Mr. KALMAN. Transparency International U.S.?

Mr. STAUBER. Yes.

Mr. KALMAN. We currently have 5 full-time employees, sorry.

Mr. STAUBER. So you consider it a small business, right?

Mr. KALMAN. A small nonprofit, yes.

Mr. STAUBER. So I will tell you, my brothers and I owned a
small business for 31 years. What you are hearing from the other
witnesses is exactly what we have heard from other small business
owners across this country ever since I have been on this com-
mittee. I am in my sixth year. Stop the overburdened rules and
regulations that are stifling our local economy and our local small
businesses.

I think you are—I do believe you are a good person. I just want
you to recognize the struggles that the men and women in this
country involving small businesses and the rules and regulations,
the overburdensome that you are putting on these American small
businessmen and women.

And I yield back.

Chairman WILLIAMS. The gentleman yields back.

I now recognize Representative Van Duyne from the great state
of Texas for 5 minutes.

Ms. VAN DUYNE. Thank you very much, Mr. Chairman.

Once again the Biden administration has rolled out a regulatory
framework failing to recognize the impact on small businesses. By
increasing the regulatory burden once again to countless small
businesses, this administration chose to ignore the warnings and
failed at implementing the Corporate Transparency Act in a pro-
growth manner.

With this week also National Small Business Week, I was glad
to see this Committee passed my bill, the Small Business Regu-
latory Reduction Act. This bill requires the Small Business Admin-
istration to ensure for each fiscal year the cost to small businesses
of the administration’s rulemaking is not greater than zero, and it
also requires the SBA to issue a report on any regulations issued
by other federal agencies that impact small businesses.

I look forward to seeing this bill on the floor and working with
this committee to ensure that Congress is reining in the power of
an out-of-control regulatory gluttonous executive branch.
24

I am on another Committee that is meeting at the same time,
Ways and Means, and we have Secretary Yellen in front of our
Committee today. Now, I am going to have an opportunity, just like
I am with you, to ask her some questions. I am going to go down
the line. If you were in my position and you could ask Secretary
Yellen any question what would it be?

Ms. ROTH. Oh, Lord, you asked the wrong person that. You
know, I think that aside from small business the fiscal foundation
of this country is on an unsustainable fiscal path and what the gov-
ernment is doing is fighting against the work of the federal reserve.
So I would ask her why they are fighting against the Fed and how
they are going to make sure that we have a strong fiscal founda-
tion.

Ms. VAN DUYNE. Great question.

Mr. Harris?

Mr. HARRIS. I think I would ask her if she is believing that this
bill is necessary and needs to work why isn’t she working more
closely with companies like ours and people in our profession and
the small business community to make sure that it does, in fact,
work?

Ms. VAN DUYNE. Good question.

Mr. OPSITNICK. I would like to ask, you know, what makes
America great? I mean, we are the innovators. We kick butt. We
kick the world’s butt. We don’t want to be like Europe.

I have had the occasion to, you know, to try to set up a corpora-
tion in the U.K. It takes weeks or months. Why would we want to
be like that?

We want to be someone who is quick and easy. I can do it ina
day today. I can get an EIN number and I can file my corporation
with the state of Ohio. Why would I want to be like somebody else?
It stifles innovation. Why would we do something that stifles inno-
vation?

Ms. VAN DUYNE. On that now you are getting me on our tax
cuts and JOBS Act extensions as well. You are getting me all fired
up before I go to this hearing.

Mr. KALMAN. I think the thrust of this hearing is trying to fig-
ure out how to make this work for small businesses, and I would
ask Secretary Yellen what does she need? What does the Treasury
Department, what does FinCEN need to actually make sure that
small businesses can ease their compliance or their resource con-
straints or what do they need

Ms. VAN DUYNE. But the

Mr. KALMAN.—to make this happen?

Ms. VAN DUYNE. But honestly that is always—always we need
more money. I am sorry but that is a copout and we can make gov-
ernment work smarter. We could look at the regulations that they
are wasting time right now hiring people to do that are not help-
ing, that are crushing small businesses. That is the answer. It is
not, oh, we just need to hire more people. People are sick of it.

To Ms. Roth’s point, we are at a fiscal cliff right now. To think
that just throwing more money at this problem is going to help, we
are crushing our economic sector because what we are doing is
throwing more government taxpayer dollars into it.
25

It is not sustainable. These aren’t private jobs. This is not pri-
vate sector growth. What we are seeing right now is just being
propped up by government spending that we are going to be work-
ing to pay off for decades, lifetimes to come.

When we are adding a trillion dollars every hundred days to our
debt the last thing that I am going to ask a cabinet secretary is,
hey, can we give you more money?

We all know what this that answer is going to be. And it is really
a sad commentary that that is always our go to. We need to be able
to clean up, make sure that the regulatory burdens that we are
putting on actually do something.

Are they decreasing costs? Are they increasing safety? Are they
increasing efficiency? Does it do anything other than add more bu-
reaucrats, more cost, more time, and more boxes that our busi-
nesses have to check and do nothing else but make us less competi-
tive around the world?

So I would hope that more thoughtfulness would go into that
type of a question than do you need more resources. And thank you
very much for your answers, and I yield.

Chairman WILLIAMS. The gentlelady yields back.

I now recognize Representative Alford from the great state of
Missouri for 5 minutes.

Mr. ALFORD. Thank you, Mr. Chair. And thank you, Chairman
Williams and Ranking Member Velazquez, for holding this hearing.

Congress passed the bipartisan Corporate Transparency Act, or
CTA, in 2020, tasked FinCEN with creating rules to reduce the use
of companies to obscure criminal behavior and detect funds used
for crime and terrorism. FinCEN was tasked with this job because
of their expertise in investigating financial crimes.

A result of this rulemaking, though, is the beneficial ownership
information, or BOI rule. It requires businesses with 20 or fewer
employees to disclose beneficial owners of those who have at least
a 25 percent stake in a company or those who have substantial con-
trol over a company’s operations.

This vague rule has caused chaos in America’s small businesses,
those least able to absorb the compliance burden that this place is
upon them. A specific problem is FinCEN’s definition of individuals
that exercise control over a company. Several legal and accounting
service providers have indicated that they will not offer assistance
to clients in complying with this rule.

Substantial fines of up to $10,000 and potential jail time are
punishable for willful noncompliance, and as we have heard, we
don’t have a definition of willful. Despite the issues raised with
FinCEN, they have gone ahead with this rule which was imple-
mented in January of this year.

I want to start with you, Mr. Harris. Just last week a Member
of my staff told me that a constituent reached out to our office ask-
ing for help with BOI, calling a congressional office needing help
with their BOI compliance.

Your company has worked with tens of thousands of small busi-
nesses over the decade that your company has existed. When you
talk with clients do they have an understanding of the require-
ments of this, what it is, what they need to do in this coming year?
26

Mr. HARRIS. No, Congressman, they do not unless we tell them.
Again, they are not following this. This is not what they got in
business to do so if they have anywhere—we have gone on edu-
cation campaign to inform them of this requirement as it currently
exists.

But as I think someone mentioned earlier we are not doing any-
thing with that today in hopes that we get some changes between
now and the end of the year so that we can take on this our role
and assist our clients. We want to help them comply but for right
now we haven’t found a way that we can make that happen that
is affordable to them. And after hearing somebody is going to pay
$8,000, I am reconsidering my hesitancy to do this, but

Mr. ALFORD. Sir, do you know how many LLCs there are in the
United States of America?

Mr. HARRIS. Well, no, but a lot.

Mr. ALFORD. I did a little research. As of 2021, there are 21.6
million limited liability corporations in America, each subject to
these new regulations. Many of those are dormant LLCs, mom-and-
pops, entrepreneurs whose thought, hey, I may start up a little
business, maybe an Etsy business, something online, and I need a
little protection so I am going to have it. And now they are subject
to a potential $10,000 fine. What do you make of that?

Mr. HARRIS. Well, I think a $10,000 fine is going to scare every-
body away. I think one of the—I asked FinCEN a question. I said
what if a business closes? What do we do to take them out of the
database and they said “nothing.”

So one of the concerns I have is 10 years from now how accurate
is that database with businesses that have closed are still in it,
businesses who have grown outside of it they are still going to be
in this database, so how are we going to know who is still active
and who is inactive?

But I can tell you that the fear of a $10,000 fine makes it very
hard for anyone to swallow.

Mr. ALFORD. Ms. Roth, I want to ask you a question. I do want
to read your book, “You Will Own Nothing,” because I have dealt
with this in real estate. I think that people are moving, you know,
they want to turn into a renter nation. Do you think this is part
of a larger scheme this type of overregulation to tamp down small
businesses so we won’t have the entrepreneur spirit and the cap-
italism that we have so enjoyed all these years?

Ms. ROTH. So I will speak on behalf of small businesses because
this is what they have been telling me. This has been a constant
barrage since COVID-slanted mandates that were not based on
data and science, but were based on political clout and connections.

They had a different set of standards and a different set of rules
they had to play by. They were absolutely crushed then. They have
been crushed by the aftereffects.

And so when you see something like this and they say, oh, it is
about corporate transparency and they say, well, why are the big
businesses exempt then? If you want corporate they are the ones
that have the means to launder money. I can’t even pay my bills.

That is what they are worried about. They are worried about this
consolidation, this cronyism, and that we are absolutely crushing
the backbone of this country.
27

Mr. ALFORD. Thank you. I yield back.

Chairman WILLIAMS. The gentleman yields back.

I now recognize myself for 5 minutes.

Certain industries are going to be hit harder than others when
complying with these rules coming out of FinCEN, and just this
week I was speaking with some people in the land and title indus-
try. And on top of the concerns they have with the Corporate
Treasury Act and the beneficial ownership rule they said is another
rule coming down the pipeline that will be even more costly for
their businesses.

And according to their estimates, this new rule in the pipeline
will add an additional $500, we have talked about that, per trans-
action on top of what is already required by FinCEN. So this is just
another example of compounding costs of regulations hammering
small businesses, and when Congress updated the Corporate Treas-
ury Act the intent was not to burden our nation’s job creators with
costly new reporting requirements.

So, Mr. Harris, do you have any estimations on the overall cost
of complying with this rule? And how could FinCEN make the proc-
ess easier for small business to comply?

Mr. HARRIS. That is what we are still trying to determine is
what is our cost and risk is a big part of making that assessment.
I mean, yes, you can fill the form out in 15 minutes, but what all
had to go into it prior to that 15 minutes from legal and risk as-
sessment?

That is what we are trying to assess because we don’t want to
make this a burden on our small business clients because most of
them are just honest, good-working, hard-working people. They
have no problem doing this as long as it can be done quickly and
affordably.

So I don’t have an answer today. It is too much right now for us
to be willing to do, but we are trying to get there.

Chairman WILLIAMS. Ms. Roth, in your testimony you said that
while preventing financial crimes is a worthwhile endeavor, ex-
empting big businesses from the beneficial ownership reporting
rule unfairly targets and penalizes small business owners. So why
do you believe that a different set of standards and rules are being
applied to small businesses and not to big business?

Ms. ROTH. Excuse me. It is a big point of frustration with the
small business owners. It is all across the board. If you have a sole
proprietorship, you are exempt. If you have an entity, you are not
exempt.

So we have small business owners who are saying, well, although
I like the protections of having an LLC, I am just going to dissolve
that because I don’t want to be targeted. And then they don’t un-
derstand, okay, well, I get to, you know, $5 million in revenue and
20 employees and then those people are exempt.

So what is it about these, you know, small businesses that make
up the chunk of the small businesses in this country, the almost
33 million small businesses in this country, that that particular
group of people should be targeted, but the big businesses don’t
have to do this? And sole proprietors don’t have to do it. It does
feel like there is something weird going on.

Chairman WILLIAMS. It is called government talk.
28

Ms. ROTH. Yeah.

Chairman WILLIAMS. Yeah.

Mr. Opsitnick, in preparation for this hearing you indicated re-
ceiving compliance guidance from FinCEN on this rule was dif-
ficult. Can you please describe the issues you have had getting
charity, or clarity, rather, from FinCEN and how that will impact
the services that you offer?

Mr. OPSITNICK. Well, the clarity really is the—you know, we
have taken a small act and continue to pile on. And as I mentioned
in my testimony, we have 102 pages which include the FinCEN
Small Entity Compliance Guide and Frequently Asked Questions,
and then that together with an entire website devoted to all of this.

It is overwhelming for a small business owner, even for those
who are unaware. Contrast that currently with the requirements
that somebody has with the federal government in starting a new
business which is to get a taxpayer ID number. It is a two-page
document, the application and a set of instructions.

That is our sole obligation today with respect to the federal gov-
ernment. So this, you know, there couldn’t be a more darker con-
trast.

Chairman WILLIAMS. Let me tell you, I am from Texas, and we
take the right to privacy very seriously, like we all do, and the
more information we have out there the more likely a bad actor is
going to gain access. And, unfortunately, the implementation of
this rule asked for more information than is needed to comply with
the law.

So briefly, Ms. Roth, in the time remaining, how could we better
strike the balance between a business privacy and national security
concerns?

Ms. ROTH. Well, I believe that most small business owners think
that if you need to reach them that there is a way that the govern-
ment already can reach them through the IRS or some other point
of contact.

In terms of FinCEN, they have things like suspicious activity re-
ports and, of course, the courts that if they have a specific entity
where they need the beneficial ownership information they should
go to the courts, petition them, and get that information.

But having a database of everybody who is involved with a small
business owner seems like a very heavy-handed way to try to ap-
proach and solve that issue.

Chairman WILLIAMS. Thank you. All right. I want to thank all
of you for being here today. I am sorry. I was involved in talking
about—this is Small Business Week this week, so we are pro-
moting it. And I appreciate my colleague, Congressman Meuser, for
sitting in, and I appreciate the Ranking Member today.

This has been a great hearing. I appreciate you all being here
and thank you a lot for taking time to come up here.

And without objection, Members have 5 legislative days to sub-
mit additional materials and written questions for the witnesses to
the Chair which will be forwarded to the witnesses. I ask the wit-
nesses to please comply promptly if you are involved in that.

And if there is no further business, without objection, the com-
mittee is adjourned.

[Whereupon, at 11:26 a.m., the committee was adjourned. ]
29
APPENDIX

Official Statement to the House Small Business Committee
By Carol Roth; Small Business Expert and Small Business Owner

April 30, 2024

’m Carol Roth, a small business expert and a small business owner myself.

On behalf of small businesses across the United States, | am asking that you, our bi-partisan advocates
for small business, immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information rule passed by Congress which unfairly targets American smail businesses.

The Constitution of the United States protects the natural rights of all Americans, including against
federal government overreach. While preventing financial crimes is a worthwhile endeavor, your
methods cannot do so in a way that infringes upon Americans’ natural rights or assumes that they are
guilty without due process.

Asking small businesses and their owners to report sensitive, personal information and identification to
an organization involved in monitoring financial crimes unfortunately does just that.

It is not only an invasion of privacy, but it also creates additional burdens and challenges for small
business owners. And, once again, by exempting big businesses from this reporting rule, it specifically
and unfairly targets and penalizes small business owners with a different standard and set of rules.

Small businesses overall are not shell companies—they are the backbone of the economy.

If FinCEN has concerns about money laundering, cartel activity or otherwise, they should be using the
courts to receive information on those specific cases and entities.

| imagine you would agree that it is highly unlikely that those who would engage in such cartel or money
laundering activities would be forthcoming with the information FinCEN is seeking.

Given that, the rule is ineffective (that is, cartels and money launderers won't be swayed to participate),
while also unconstitutionally penalizing law-abiding Americans and infringing on their rights.

If there’s a concern about foreign entities, then the rule should focus on them exclusively.
Moreover, the penalties, which include significant financial and criminal penalties, including jail time,
are egregious.

Plus, the rule exposes smail business owners to fraud and privacy violations. In fact, the very first alert
on the FInCEN BO! landing page, right in the center of the website, is an alert about fraudulent
information solicitation attempts from third parties.

Creating this type of database, in addition to the privacy violations from hackers and unsavory parties,
also creates concerns for abuse internally. FInCEN itself has come under fire for its alleged unjustified
data usage.
30

Ina time when small business owners have been brutalized by unfair, slanted COVID mandates and their
after-effects, such as labor shortages and supply chain interruptions, historic inflation and other
challenges, the last thing they need is more administrative burden, both in the original reporting and
remembering that any time a piece of data changes they need to provide an update or face jail time.

t personally have had dozens of small business owners tell me that they are considering dissolving their
LLCs- to become sole proprietors without an entity- specifically in response to this rule. This will expose
these entrepreneurs to more liabilities and other issues because they are trying to escape being
targeted.

This cannot be how we treat entrepreneurs. Being a small business owner is fraught with challenges.
The government should be doing everything possible to uplift small businesses and remove barriers that
interfere with their success.

Instead, with the powers granted to FinCEN and this rule, Congress has added another barrier and is
treating small businesses like criminal masterminds.

The ends absolutely do not justify the means here. But the most important piece is the rule’s
unconstitutionality.

A federal district court in Alabama has already found the CTA BOI rule directed at small business
reporting to be unconstitutional.

Unfortunately, based on the ruling’s scope, FinCEN is choosing to ignore this for everyone but the
plaintiffs in that case- a peculiar outcome.

If it is unconstitutional, it is unconstitutional- period- and should be immediately shut down.

FinCEN has many tools at their disposal and a court system to help their efforts on financial crimes. They
should use those tools and not harm a good portion of America’s more than 33 million small businesses
and their owners in the process.

Good intentions don’t always produce good outcomes, and this is a perfect example.
Congress put this in motion and needs to be the one to fix it.

Again, | respectfully ask you to work with your counterparts in the Senate to have Congress immediately
overturn the powers given to FinCEN and the CTA BO! rule.

Thank you for your time and consideration.
31

Padgett

Statement of Roger Harris, President of Padgett

‘Under the Microscope: Examining FinCEN’s Implementation of the Corporate
Transparency Act

United States House of Representatives
Committee on Small Business
April 30, 2024
10:00 AM

2360 Rayburn House Office Building
32

Padgett

Chairman Williams, Ranking Member Velazquez, and members of the House Committee on
Small Business, thank you for the opportunity to testify today regarding the Financial Crimes
Enforcement Network’s (FinCEN’s) implementation of The Corporate Transparency Act (CTA)
and new Beneficial Ownership Information (BOT) reporting requirement on small businesses.

My name is Roger Harris, and I am the President of Padgett based in Athens, Georgia.

Padgett is a national accounting, advisory, and tax preparation company with approximately 200
offices across the U.S. that has served tens of thousands of small business clients for almost 60
years. Prior to becoming President of Padgett in 1992, I ran one of the largest Padgett franchises
with the company for 10 years. I have long been passionate about the intersection of small
business and government policy. Over the years, I have had the opportunity to work with this
committee and others in Congress and always welcome the opportunity to provide feedback on
the real-world impact of specific policies on business owners and their operations.

At Padgett, our daily work is primarily with what would be considered “mom and pop” small
businesses. Our clients on average have less than 20 employees and come from a wide range of
industries. As a result, the target audience impacted by the new BOI reporting requirement hits
squarely at the businesses that we interact with every day.

I want to thank the committee for holding this hearing and putting a brighter spotlight on some
of the challenges the BOI reporting requirement is presenting to both small businesses and tax
professionals. While I have no problem with the goals of the CTA, and certainly am not an expert
on how to best curb money laundering from a law enforcement perspective, I do believe that the
current implementation of the BOI reporting requirement, without adjustments, will likely lead
to mass non-compliance.

Over the past year, I have met with a variety of congressional offices and committees to share my
concerns and feedback. I have also worked with the National Association of Enrolled Agents
(NAEA) and the American Institute of CPAs (AICPA) to both raise awareness among tax
professionals and highlight areas of concer for policymakers. Finally, I have participated in
several meetings directly with FinCEN, where I have attempted to raise questions and seek
guidance on the practical implications of the policies.
33

Padgett

CTA and BOI Reporting Requirements

As the committee is well-aware, in 2021, Congress passed the bipartisan CTA with the goal of
curbing financial fraud and money laundering. The law requires many companies doing business
in the United States to report information about who ultimately owns or controls them. The CTA
requires “reporting companies”, defined as corporations, limited liability companies, or other
similar entities registered to do business in the U.S., to file a BOI report with FinCEN, a
requirement that began January 1, 2024. Reporting companies created or registered to do business
in the United States before January 1, 2024, must file by January 1, 2025. Reporting companies
created or registered to do business in the United States in 2024 have 90 calendar days to file after
receiving actual or public notice that their company’s creation or registration is effective.

There are 23 types of entities that are exempt from the reporting requirements, such as tax-exempt
entities, credit unions, and public utilities. The most relevant exemption is for “large operating
companies.” An entity falls into this category, and therefore is not a reporting company, if it: (1)
“employs more than 20 employees on a full-time basis in the United States”; (2) “filed in the
previous year federal income tax returns in the United States demonstrating more than $5,000,000
in gross receipts or sales in the aggregate,” including the receipts or sales of other entities owned
by the entity and through which the entity operates; and (3) “has an operating presence at a
physical office within the United States.” A company must meet all three of the above criteria in
order to be a “large operating company.” FinCEN has estimated that there will be approximately
32 million reporting companies in Year 1 of the reporting requirement and approximately 5
million new reporting companies each year thereafter.

Small Business Impacted and Trusted Advisors

According to the SBA’s Office of Advocacy, there are currently 33.3 million small businesses in
the U.S. Close to 5.5 million of those businesses have between 1 and 19 employees, while over
27 million do not have any employees. Individually they are small, but collectively they represent
a major portion of our economy and jobs. There are 61.6 million small business employees in the
U.S., comprising nearly 46% of U.S. employees.

These are the businesses and entities that will primarily be impacted by the BOI reporting
requirement. For the majority of these small businesses, they do not have the internal capacity to
track and follow the many regulations and compliance requirements that fall on their businesses.
34

Padgett

Small business owners get into business to do the one thing they love and the 99 things they hate.
Dealing with the complexity of federal regulations often ranks high on that list of 99.

In order to get up-to-date information and ensure they are meeting their requirements, many small
businesses rely on outside trusted advisors, such as tax professionals, for assistance. On a regular
basis, we help all of our clients navigate the complexities of the tax code and a range of other
decisions impacting their operations, such as choosing a business structure when organizing or
advising on benefit offerings.

When new federal laws are implemented, small businesses often turn to these advisors for help
and information. We saw this throughout the Covid-19 pandemic with the myriad of pieces of
legislation that were passed as well as after the Affordable Care Act (ACA) became law.

BOI Reporting Requirement Information Gaps and Challenges

With an estimated 32 million entities subject to the new BOI reporting requirements, and limited
resources going into educating businesses about the new policy, the vast majority of businesses
are currently unaware that the requirement even exists. While FinCEN has taken some steps to
try to reach the small business community, small businesses are not a normal constituency for
FinCEN nor a population they have regular interaction with.

As a result, to reach any significant penetration in the small business community that will allow
for high levels of compliance, FinCEN needs the buy-in and help of professionals that work with
small businesses on a regular basis. However, many of us are being advised by our attorneys and
insurance companies not to assist our clients with the BOI reporting requirement because of the
potential risks and penalties involved.

For starters, the penalties for non-compliance with the filing requirements are large. Civil
penalties are up to $500 per day that a violation continues. Criminal penalties include a $10,000
fine and/or up to two years of imprisonment. The penalties can apply not just to the underlying
business but.also to third-parties assisting in the filing. FinCEN has emphasized that the penalty
only applies to those who willfully violate the reporting requirement. However, they have been
unwilling to provide specific examples of what constitutes a willful violation, leaving a grey area
that makes it difficult for third-party providers to interpret or advise on.
35

Padgett

FinCEN also chose not to include a due diligence standard for third-party service providers that
would have at least provided a road map of what questions needed to be. asked before providing
assistance or signing off on a report. With Chevron deference, the decision of what constitutes a
“willful” violation rests solely with FinCEN, with little recourse for a small business or tax
practitioner to turn to if they disagree with the agency.

There has also been debate about whether non-attorney practitioners advising clients on the
requirements of the CTA or the BOI reporting form could be considered unauthorized practice of
law. This is particularly a concern when determining who in a company has substantial control.
As a result of these concerns, many tax practitioners are being advised by our attorneys and
insurance companies not to assist our clients with the BOI reporting requirement due to the
potential risks and penalties involved.

Recommendations for Moving Forward on Beneficial Ownership

As it currently stands, I believe thé new BOI reporting requirement is on track for massive non-
compliance in the years ahead unless several changes are made. While millions of businesses will
likely comply with the law, there will be many more millions that do not, making it ineffective
and creating a high-level of uncertainty around who will be penalized and when.

I would make the following recommendations to Congress as you consider the path forward:

« A suspension of all enforcement actions until one year after the conclusion of all court
cases related to the NSBA v. Yellen case, which recently found the CTA to be
unconstitutional: The case has compounded confusion among many small businesses
while many others simply remain unaware that the reporting requirement exists. A delay
in enforcement action will allow more small businesses to-learn about and adjust to the
reporting requirement without the fear of civil and criminal penalties. During this period,
the portal can remain open for small businesses to voluntarily report. I know AICPA has
made a similar request and NAEA is also supportive.

* The requirement to update certain information (i.e., address, name change, new driver’s
license) on beneficial owners should be made annual, while perhaps keeping the 30-day
requirement when there is an actual change in the beneficial owners of the business. The
36

current requirement that an updated report must be filed no later than 30 days after any
change to thé required information about your company or its. beneficial owners is
burdensome for many small businesses and beneficial owners and-does not reflect the
reality of their relationship with third-party service providers. Tax professionals and other
third-party providers will likely be having annual or slightly more often communications
with their clients, but will not be interacting with them on a weekly or monthly basis. If
a beneficial: owner’s driver’s license is renewed, has a name change, or a change in
residential address, notifying FinCEN within 30 days will not be top of mind and would
likely lead to rampant:non-compliance. Furthermore, third-party service providers are not
privy to those changes or made aware of them on a regular basis.

An additional sentence should be added to the BOI certification stating that third-party
service providers (who are not officers, owners, or employees of the business) may rely
on the information given to them by the reporting business as true, correct, and complete,
and. that additional investigation by the third-party service provider. is not required.
Currently, the person submitting BOI information to FinCEN must certify that it is “true,
correct, and complete.” For third-party service providers such as tax professionals, this
standard is beyond their normal course of knowledge and will discourage third-party
service providers from assisting small businesses: in. complying with the law.. The
certification is a much higher standard than paid tax preparers are currently subject to on
individual tax.returns: “Under penalties of perjury, I declare that I have examined this
return and accompanying schedules and statements, and to the best of my knowledge and
belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer)
is based on all information of which preparer has any knowledge.” While I understand
that FinCEN argued in its final rule that the reporting company is ultimately responsible
for the filing and third parties will be certifying on their behalf, the reality is that the third-
party may also be subject to the penalties and additional protection is needed to encourage
third-parties to help.

FinCEN should work more closely with the IRS. to better understand how to educate the
tax professional industry as well as to provide joint guidance and examples (as are common
with more complicated tax rules) that help empower the. industry to be part of the solution.
In addition to the issues raised throughout this testimony, examples of where more clarity
is needed includes substantial control of family members, business closers, and changes in
number of employees that cause a business to move in and out of the BOI requirements.
37

Padgett

In closing, I think this hearing today is a step in the right direction. | applaud the committees for
hosting it and was honored to participate along with these accomplished small business owners.
38

U.S. House of Representatives
Committee on Small Business

Full Committee Hearing: “Under the Microscope: Examining FinCEN’s Implementation of the
Corporate Transparency Act”

Testimony of Timothy M. Opsitnick

April 30, 2024

SBA

National Small Business Association®

Testimony of Timothy M. Opsitnick
On Behalf of the National Small Business Association
39

U.S. House of Representatives
Committee on Small Business

Full Committee Hearing: “Under the Microscope: Examining FinCEN’s Implementation of the
Corporate Transparency Act”

Testimony of Timothy M. Opsitnick
April 30, 2024

Chairman Wiliams, Members of the Committee, thank you for holding today’s hearing on the
implementation of the Corporate Transparency Act, or CTA. My name is Tim Opsitnick, and | am the
part owner of several small businesses, including Opsitnick, LLC and On Call Cyber, LTD., and
serve on Boards for several nonprofits and small businesses. | am also the Executive Vice
President of TCDI, a business focused on ancillary legal services, computer forensics, and
cybersecurity. }am grateful to be here today on behalf of the National Smali Business Association

testifying on an issue that is truly critical to the entire small business community. —

Your focus on this issue is sincerely appreciated, as millions of Americans face monumental

regulatory, legal, and financial hurdles thanks to FinCEN’s scattershot approach to rulemaking.

Before | begin, I’d like to address the elephant in the room. As you may have seen in the news
recently, NSBA is involved in active litigation over the constitutionality of the CTA. | am not here to
address that case today, but rather to speak to some of the specific impacts the law has had on the
small businesses | work with regularly, and to shed light on the experiences that entrepreneurs and

main street business leaders are having in the current regulatory environment.

Testimony of Timothy M. Opsitnick
On Behalf of the National Small Business Association
40

In addition to my own business, | am active in a number of small business groups and chambers at
the federal, state, and local level. Through these groups and my advisory work, | have been
fortunate to make connections with small businessowners across a variety of industries, locations,
and stages of development, from multigenerational family business owners pushing the top end of
the “smail business” definition, all the way down to first-time entrepreneurs still working out of
their homes, garages, and apartments. In my experience, the latter group occupies a significantly
more fragile section of the small business economy, where every minute and every dollar can be
critical to the survival of your business from one day to the next. They can least afford to spend
significant time and money on regulatory compliance, and have the least awareness of
complicated federal regulatory frameworks, and yet paradoxically are the first businessowners

impacted by the CTA,

As of January 1st, any new entity formed or doing business in the United States that employs 20 or
fewer individuals in the U.S., and reports less than $5,000,000 in gross receipts or sales that does
not fall into any of the exemption categories (including tax-exempt nonprofits, banks, and other
sophisticated financial professions) must report its beneficial owners within 90 days of formation
to the Department of the Treasury’s Financial Crimes Enforcement Network, or FinCEN. This
places the first reporting burden under the CTA directly onto the fledgling entrepreneurs who are
least able and least aware, and therefore least prepared to comply. Moreover, the regulations are

unclear, even when condensed and theoretically simplified for broad public consumption.
Specifically, I’d like to draw the Committee’s attention to FinCEN’s 57-page Small Entity
Compliance Guide, as well as the 45-page PDF covering “Beneficial Ownership Information

Testimony of Timothy M. Opsitnick
On Behalf of the National Small Business Association
Al

Reporting Frequently Asked Questions.” ' A first-time entrepreneur looking to open a coffee shop,
for example, must push through these 102 pages of explanatory language to understand their
reporting burden under this statute. Given permitting, licensure, construction and other delays, it’s
entirely possible that our theoretical aspiring barista would have to read, understand, and act on
over 100 pages of guidance before they serve a single cup to a customer; all under the threat of

criminal sanctions. Distressingly, the concerns don’t stop once a business has filed its BOI.

FinCEN has been in the news proudly declaring that hundreds of thousands of BOT reports have
been filed. That news, however, should be as concerning, as small business owners lack
awareness of the requirement to file. When | network in the small business groups and chambers

where | belong, | am greeted by blank stares when the CTA and the obligation to file is discussed.

Compounding problems like the limited educational outreach of government, the lack of clarity in
the regulatory process, ‘and strong liability concerns, small businesses also face a dearth of expert
advisors able—and willing——to interpret the regulation for them, or help them file their BOI. In
January, Secretary Yellen went on record saying that “[w]e’re also making reporting as easy as
possible for the small businesses at the heart of the American economy so that the benefits for
small businesses, and for all of us, will far outweigh what should be a relatively straightforward

effort to comply. The reporting process is simple, quick, and free. Asmall business shouldn’t need

1 Financial Crimes Enforcement Network, “Smaill Entity Compliance Guide: Beneficial Ownership Information
Reporting Requirements.”

2 Financial Crimes Enforcement Network. “Beneficial Ownership Information Frequently Asked Questions.”

Testimony of Timothy M. Opsitnick
On Behalf of the National Small Business Association
42

a certified public accountant or lawyer.”* As a small business owner, and a lawyer, | completely
disagree. For example, in determining who a small business owner must list as-a beneficial owner,
the small business owner must determine not only who is an-owner in the traditional sense, but
also those who have “substantial control” over the business. Lawyers do not understand the
meaning of “substantial controt”—whose definition under the Corporate Transparency Act does
not appear in any other statute or regulation—et alone the aspiring coffee shop owner we spoke
about. The term would make for a good law school discussion. Small businesses rely on certainty
and clarity when it comes to navigating the maze of regulations that affect their operations, and the

Corporate Transparency Act offers neither.

As to the financial and other burdens, a recent survey of small budinesses conducted by NSBA
revealed that owners are anticipating average compliance costs of nearly $8,000 in the first year
alone.’ Nearly half of the busitiesses surveyed also reported that they intend to rely on outside
advice (often from multiple professionals) in the compliance process, with 71% of those
respondents intending to lean on their accountants, and 44% planning to utilize their attorneys,
whether in coordination or separately. This makes sense; given the threat of hefty fines and even
jail time, how many small businesses are willing to roll the dice and tackle compliance on their

own?

3 Janet L. Yellen (United States Secretary of the Treasury). “Remarks by Secretary of the Treasury Janet L.
Yellen at the Financiat Crimes Enforcement Network ~As Prepared for Delivery.”

4 National Small Business Association. “The Corporate Transparency Act: What it Means for Small Business.”

: Testimony of Timothy M. Opsitnick
On Behalf of the National Small Business Association
43

Unfortunately, many small businesses are discovering that their accountants and lawyers are
woefully unprepared to offer compliance advice regarding the Corporate Transparency Act. Only
recently have continuing legal education programs for these professionals begun to address the
lack of preparation or education. The attorney list-serves where information is shared are alight
with conversations about what to advise their small business clients—the typical advice that! see

is wait until the last minute to file, not exactly the answer a small business owner wants to hear.

i mentioned earlier, when | network with small business owners, they are completely unaware of
the requirement to file. Furthermore, | do not see any of our local chambers educating the small
business community, and when | brought the subject up in a recent chamber board meeting | was

asked, “Tell us again, what is the Corporate Transparency Act?”

As | mentioned, part of my professional practice includes cybersecurity and data privacy matters.
With that in mind, let me be the latest to stress - we do not know that the FinCEN database is
secure, and given the volume and sensitivity of data it is expected to hold, that is just
unacceptable, We further know that the information and/or access to the database will be shared
with many others. In'addition, as | have previously discussed, the related information will be
provided to our accountants and lawyers, and other professionals, assisting us with filing and
updating. Each and every time that a small business owner shares their privacy information, the
risk that such information will be misused and lost to the dark web in a data breach significantly
increases. Indeed, FinCEN’s own website states, “Alert: FinCEN has learned of fraudulent

attempts to solicit information from individuals and entities who may be subject to reporting

Testimony of Timothy M, Opsitnick
On Behalf of the National Small Business Association
44

requirements und the Corporate Transparency Act.”® According to NSBA research, the average
cost to remedy a small business data breach is $15,297.° In my experience, this is a very
conservative estimate. | have seen small middle-market companies face costs over $100,000 in
data breach scenarios, whether due to ransomware, attorneys’ fees, security professionals, or
simply reputational damage as is so often a part of the fallout from these events. Regardiess—this
large average figure could cripple many small businesses, who are much more cash-flow-sensitive
than their large counterparts. According to testimony this Committee has heard previously, small
businesses cannot afford to be vulnerable—the majority of small businesses that suffer a breach

will close their doors within six months.’

Even if the federal government is able to fully secure this sensitive information—far from a
guarantee given its track record of leaks and breaches in recent years—the Corporate
Transparency Act will necessitate the sharing of passports, Social Security Numbers, and other
private data between covered individuals and filers, It’s yet another example of how this ill-

conceived law puts law-abiding small businesses at significant risk.

In conclusion, I'd like to reiterate the small business community’s thanks to the Committee for its

attention to these issues, and | look forward to answering any questions.

5 Financial Crimes Enforcement Network, “BO! Ownership Information.” https://www. fincen.gov/bol.

® National Small Business Association. “The Corporate Transparency Act: What it Means for Small Business.

7 Dr. Jane LeClair (Chief Operating Officer, National Cybersecurity Institute at Excelsior College). “Statement
for the Record Before the United States House of Representatives Committee on Small Business, Small
Business, Big Threat: Protecting Small Businesses from Cyber Attacks.” :

”

Testimony of Timothy M. Opsitnick
On Behalf of the National Small Business Association
45

United States House of Representatives
Committee on Small Business

Hearing on
“Under the Microscope: Examining FinCEN’s Implementation of the Corporate
Transparency Act”

April 30, 2024

Testimony of Gary Kalman
Executive Director
Transparency International U.S.
1100 13" Street NW, Suite 800
Washington, DC 20005
46

Chairman Williams, Ranking Member Velazquez, and Members of the Committee,
Thank you for inviting me to testify today.

On behalf of Transparency International U.S. (TI U.S.), appreciate the opportunity to discuss progress
toward implementation of the Corporate Transparency Act (CTA), a foundational reform to combat
transnational crime and corruption.

TLU,S, is part of the world’s largest and oldest coalition dedicated to fighting corruption. in collaboration
with national chapters in more than 100 countries, we work with governments, businesses, and citizens
to stop the abuse of entrusted power. Through a combination of research, advocacy, and policy, we
engage with stakeholders to increase public understanding of corruption and hold institutions and
individuals accountable.*

The Corporate Transparency Act (CTA)

The CTA is a historic anti-money. laundering measure that Congress correctly understood would
strengthen the ability of law.enforcement—and the U.S. national security and intelligence
communities—to curtail the use of anonymous entities to commit crimes. It is also a major step toward
bringing the U.S. in line with the international community. For instance, the Financial Action Task Force
(“FATE”) encourages the establishment of a beneficial ownership registry like the one created by the CTA
in its recommendations for fighting money laundering and terrorist financing.? Writ large, dozens of
countries, including the United Kingdom, have developed these registries and have seen little to'no
impact on the establishment and flourishing of small businesses in their jurisdictions.

Moreover, the CTA‘s reporting requirements are neither unusual nor unprecedented for everyday
Americans. Most states, for example, collect more information when granting public library cards than is
required under the CTA? And, as detailed below, the CTA benefits small business owners by, among
other things, protecting them from unfair and fraudulent competition, while imposing minimal
compliance costs.

The law passed with broad bipartisan in Congress and saw strong, vocal support from the both the
Trump and Biden administrations.

Harms caused by abuse of anonymous shell companies

In the leadup to passage of the CTA, members of Congress heard a litany of examples, through numerous
hearings and media exposés, of how anonymous corporate structures were being used to facilitate the
flow of dirty money and enrich and enable threats to our national security. For example, in a Global
Witness report called Hidden Menace’, researchers found numerous incidents in which the Department
of Defense had contracted with anonymous companies that, at best, defrauded the U.S. military and, at

! Transparency international U.S., Website, https://us.transparency.or

2 Financial Action Task Force, “The FATF Recommendations”, November 2023, https://www.fatf-
gaflorg/en/oublications/Fatfrecommendations/Fatf-recommendations html

3 Global Financial Integrity, “The Library Card Project”, March 21, 2019, httos://efintegrity.org/report/the-library-card-project/
4 Global Witness, “Hidden Menace”, July 12, 2016, https://www.globalwitness.org/en/reports/hidden-menace/
47

worst, endangered the lives of troops serving overseas. in one case, the Pentagon contracted with a U.S.
company to supply services to troops in Afghanistan. The company was secretly owned by interests
associated with the Taliban. To be perfectly clear: The United States Government was literally supplying
funds that could be used to purchase guns and other weapons aimed at our troops. These and other
similar reports are why nearly 100 civilian and former military national security experts ultimately signed
a letter to Congress calling for legislation that would require the collection of beneficial ownership

Alarmingly, these types of individual stories are not isolated incidents but are part of a larger collection
of threats to the safety and security of our communities and our nation:

* According to a study by the Stolen Asset Recovery Initiative, a joint effort of the World Bank and
the United Nations Office on Drugs and Crime, anonymous companies were used to hide the
proceeds of corruption in 70 percent of cases of “grand corruption” that were reviewed, with
entities formed in the United States being the most common.®

* According to a study by the anti-human trafficking group Polaris, anonymous companies play an
outsized role in hiding the identities of the criminals behind human trafficking enterprises. For
example, the study found that of the more than 6,000 ilicit massage businesses for which Polaris
found incorporation records, only 28 percent of these criminal enterprises had an actual person
listed on the business registration records, and only 21 percent of the 6,000 business records
found specifically named the owner. The registrations were all compliant with the law at the
time of filing. ”

* -In the 2018 National Money Laundering Risk Assessment, the Treasury Department wrote that
" “The'nature of synthetic drug trafficking, and associated financial flows, has changed with the
rise of China as a supplier of fentanyl and its analogues and precursors,” noting that the U.S.

Drug Enforcement Agency has determined there is an Asian version of the Black-Market Peso
Exchange, “with goods being exported to China by U.S. front companies as payment for drugs.”
That same year, the Justice Department indicted two Chinese nationals connected to the Zheng
drug trafficking organization, which manufactured and shipped deadly fentanyl analogues and
250 other drugs to: some 37 U.S. states, with drugs sold by the group directly tied to the fatal
overdoses of two people in Ohio.’

5 Letter from 100+ National Security Experts, July 20, 2020, https://thefacteoalition.org/1

5 Stolen Asset Recovery Initiative, “The Puppet Masters”, October 24, 2011, https://star.worldbank.org/publications/puppet:
masters

? Polaris Project, “Hidden in Plain Sight”, April 19, 2018, https://polarisproject.org/press-releases/corporate-secrecy-

® U.S, Department of Justice, “Two Chinese Nationals Charged with Operating Global Opioid and Drug
Manufacturing Conspiracy Resulting in Deaths,” Aug. 22, 2018, https://www.justice.gov/opa/pr/two-
chinese-nationals-charged-operating-global-opioid-and-drug-manufacturing-conspiracy; see also U.S.
Department of Justice, “Fujing Zheng Indictment,” Aug. 17, 2018, httos://Awww justice. gov/opa/press-
release/file/1089101/download
48

Congress also heard eviderice demonstrating how anonymous companies are used to.undermine our
markets and disrupt legitimate business. For instance, there were numerotis examples in which
anonymous companies disrupted supply chains, fraudulently competed for contracts, and engaged in
illicit commerce through the selling of counterfeit and pirated goods. For example, David Luna, a former
U.S, national security official and then-chair of the Anti-lllicit Trade Committee of the United States
Council for International Business, published a report examining the role of anonymous companies in
facilitating a growing global illegal economy valued at between $500 billion and $3 trillion.® Mr. Luna
found:

* * Anonymous companies assisted in selling knock-off parts to the Pentagon that have cost the U.S.
military tens of millions of dollars.

* Anonymous companies were used to import and sell counterfeit medicines from India‘and China
worth hundreds of millions of dollars to American consumers. These counterfeits included fake
versions of Arimidex, a breast cancer treatment; Lipitor, the cholesterol drug; Diovan, for high
blood pressure; and other medications such as illicit OxyContin, Percocet, Ritalin, Xanax, Valium,
and Ambien. ,

* Anonymous companies helped an organized criminal network sell counterfeit cellphones and
cellphone accessories on Amazon and eBay. They also misrepresented goods worth millions of
dollars as new and genuine Apple and Samsung products.

« Anonymous companies were leveraged to help criminals sell millions of dollars’ worth of
counterfeit computer anti-virus software.

The harmful impact of anonymous companies on commerce has long been recognized by the business
community. For example, a 2016 Ernst and Young study found that 91 percent of senior business
executives believed that collecting beneficial ownership information is important.?> :

And since the passage of the CTA, the evidence of harm continues to build. For example, in 2021, 10
iranian nationals were charged by the Justice Department with “running.a nearly 20-year-long scheme to
evade U.S. sanctions on the Government of Iran by disguising more than $300 million worth of
transactions...through front companies in California” and other jurisdictions, with the scheme relying on
“more than 70 front companies.”™

» David Luna, “Anonymous Companies Help Finance Illicit Commerce and Harm Américan Businesses and Citizens”, May 2019,

10 Ernst & Young, “EY ~ Global Fraud Survey 2016”, April 18, 2016, https://go.ey.com/2vGBTLN

41-5, Department of Justice, “Iranian Nationals Charged with Conspiring to Evade U.S. Sanctions on.lran by Disguising $300
Million in Transactions Over Two Decades,” Mar. 19,.2021, https://www_justice.gov/opa/pr/iranian-nationals-charged-
conspiring. de-us-sanctions-iran-disguising-300-miltion.
49

In addition, a 2023 report from CBS News discussing the difficulties of finding and freezing funds of
sanctioned Russian oligarchs found that:

{High-end clients seldom buy luxury goods in their own name. instead, when purchasing a
yacht, for example, the ultrarich often use an intricate web of shell companies. The company
listed on the purchasing document is typically owned by a separate company. in another country.
Those two companies, in turn, might be owned by another company in a third country. These
intermediary corporations rarely list the true owner's name.?

Additional reporting found that a company in Delaware reportedly owns a $15 million mansion in
Washington, D.C., is linked to. one of Viadimir Putin’s closest allies. The oligarch also reportedly owns a
$14 million townhouse in New York City through a separate Delaware company.?

Additional evidence explains how drug cartels and other criminals rely on anonymous companies to
fuel their operations. Consider the following examples from a recent factsheet’* produced by TI U.S.:

« The infamous Sinaloa Cartel relied on a criminal organization to organize the pickup of bulk cash
proceeds from the sales of heroin and methamphetamine in Illinois; Nebraska, Massachusetts,
New York, Maryland, North Carolina, Pennsylvania, and elsewhere in the United States before
Jaundering the funds through a network of shell companies incorporated in Wyoming.

* After the death of an individual in Idaho from elevated levels of prescription opioids and
fentanyl, law enforcement agents began investigating a drug trafficking organization that
operated an online marketplace for a variety of controlled substances, including the fentanyl
analogue p-fluoroisobutyryl fentanyl, oxycodone, hydrocodone, and the synthetic opioid
U47700. It was discovered that the organization used wire transfers between U.S. and Dominican
Republic-based shell cornpany bank accounts to send millions of dollars’ worth of drug proceeds
from the United States to the Dominican Republic.

* A California accountant pled guilty to using shell companies to launder money on behalf of the
international drug trafficking organization “ODOG,” which operates in the United States, Central
and South America, and Australia. Between 2012-2016, ODOG trafficked thousands of kilograms
of heroin, methamphetamine, MDMA, cocaine, and other drugs in wholesale and retail
quantities.

* ANew York man plead guilty to helping to launder over $650 million worth of illegal narcotics
proceeds through banks accounts associated with shell companies in New York, New Jersey,
Pennsylvania, and elsewhere before wiring funds back to entities in China.

'2 CBS News, “How Prosecutors Seize ioned Russian Assets”, Sep ber 3, 2023,
https://www.cbsnews.com/news/russian-asset-seizure-60-minutes-2023-09-03/

International Consortium of investigative Journalists, “Are oligarchs hiding money in US real estate? Ownership information is
a missing link, research says,” Apr. 1, 2022, https://www.icij.org/investigations/panama-papers/areoligarchs-hiding-money-in-
us-real-estate-ownership-information-is-a-missing-tink ch-says/.

Transparency International U.S:; “Stop Those Who Enable the Trafficking of Fentanyl and Other Drugs Into the United States",
June 2023, httos://us.transparency.org/resource/enablers-and-drug-trafficking-factsheet/
50

« Adrug trafficking organization operated a $200-million prescription drug diversion scheme
across California, Minnesota, Ohio, and Puerto Rico by forming shell companies to open bank
accounts in order to receive and distribute the proceeds of their transactions.

Benefits to and support from small businesses

Anonymous companies have been used by rogue employees to embezzie money, fraudulent vendors to
undermine supply chains, and bogus competitors to steal contracts. With fewer resources than larger
enterprises, small businesses are often easy targets for scammers and criminals. For example:

* At least seven individuals were indicted in a scheme that allegedly involved over 80 applications
seeking $30 million in Paycheck Protection Program loans. Applicants fraudulently obtained at
least $16 million, per the Justice Department. According to court records, Amir Aqeel and several
others in the Houston area allegedly created fake tax and payroll documentation in exchange for
large kickbacks for referring others into the scheme that involved 12 corporate entities, An
indictment includes text and email messages involving creating tax records for some of the
companies. Ageel and others in the scheme allegedly used foan funds to pay individuals they
claimed were employees but were actually “fake employees,” according to a court filing, In email
and text exchanges, defendants acknowledged that a number of the companies did no legitimate
business, disqualifying them from receiving the loan.

* A former construction company executive in Pennsylvania used anonymous companies to take
advantage of a program for small businesses that he was not eligible for. Hiding behind a
Connecticut-based company for 15 years, he won contracts worth $136 million in Pennsylvania
alone.®

* Anillinois man created.an anonymous company that appeared to be a subcontractor to his
employer, a small air conditioning repair business. He used it to submit fraudulent invoices to
both his own employer and its customers despite providing no service to either party. The
employee stole approximately $350,000 before getting caught.”

* Patent trolls (predatory companies that obtain patent rights to profit by licensing or litigation,
rather than by producing their own goods or services) have consistently relied on anonymous
companies to target small businesses. With few legal resources, some business owners find
themselves paying urinecessary licensing fees or spending time and money to defend
themselves against bogus infringement claims. *®

A Maryland woman won government contracts by submitting extremely low bids, undercutting
honest businesses, and then subcontracted the work before disappearing without paying the

'S Project on Government Oversight, “Red Flags: The First Year of Covid-19 Loan Fraud Cases”, April 15, 2021,

16 FACT Coalition, “FACT Sheet: Small Businesses are Harmed by Anonymous Companies”, September 19, 2019,

"7 Thid,
18 Thid,
51

subcontractors. Money and contracts were laundered through a series of 15 shell companies in
Maryland, Delaware, Georgia, Nevada, North Carolina, and Tennessee."?

According to the U.S. Small Business Administration, approximately 78 percent of all businesses in the
U.S. are non-employer firms, meaning that there is only one person in the enterprise.”° True small
business owners will not have trouble identifying the owner of their business.

Given the potential for harm, it is not surprising that in multiple polls small business owners felt that the
benefits of the CTA’s reporting requirements outweighed the costs. For example:

® A june 2019 poll conducted by Morning Consult for the Bank Policy Institute showed that 75
percent of small business owners supported beneficial ownership disclosure requirements.
Support was consistent across party lines.**

* An April 2018 poll of small business owners conducted by Chesapeake Beach Consulting for
Small Business Majority showed that 76 percent of small business owners supported beneficial
ownership disclosure requirements.?? .

Broad bipartisan support for the CTA

Support for ending the incorporation of anonymous companies has expanded beyond the core
anticorruption community to now include national security experts, cops, sheriffs, local prosecutors,
Republican and Democratic state Attorneys General, federal prosecutors, human rights advocates, anti-
human trafficking groups, faith-based networks, international development organizations, a diverse set
of business trade associations from the U.S. Chamber of Commerce to Small Business Majority,
individual large and smail businesses, large and small banks, credit unions, real estate professionals,
insurance companies, over 125 non-governmental organizations, and scholars at both conservative and
liberal leaning think tanks, among many, many others.?3

In particular, the Trump Administration issued a supportive Statement of Administrative Policy** that
included the following:

[This legislation will] help prevent malign actors from leveraging anonymity to exploit these
entities for criminal gain. It would also assist law enforcement in detecting and preventing illicit

19 Thid.

20 thid,

2) Bank Policy Institute, "Small Business Owners Say Yes to Ending Anonymous Shell Companies” Poll, June 2019,

22 small Business Majority,”Smal! Business Owners Support Legislation Requiring Transparency in Business Formation”, April 4,

23 FACT Coalition, “Endorsements for Beneficial Ownership Transparency”, October 19, 2020,

4 Executive Office of the President, “Statement of Administrative Policy: H.R. 2513 — Corporate Transparency Act of 2019, as
amended by Manager's Amendment”, October 22, 2019, httos://trumpwhitehouse archives.fav/wo-
52

activity such as terrorist financing and money laundering. Additionally, this bill would
substantially update the Bank Secrecy Act (BSA) for the first time since 2001. These reforms will
modernize financial institutions’ compliance with anti-money laundering regulations, counter
the financing of terrorism requirements, and close loopholes in existing law.

And:

For these reasons, the Administration believes this legislation represents important progress in
strengthening national security, supporting law enforcement, and clarifying regulatory
requirements.

Echoing that support, the Biden Administration has prioritized the effective implementation of the CTA in
the National Security Council’s 2021 U.S. Strategy on Countering Corruption®* saying, “We will therefore
address deficiencies in the U.S. anti-money laundering regime...including by effectively collecting
beneficial ownership information on those who control anonymous shell companies.”

Moreover, the Treasury Department estimates that illicit funds equaling at least 2 percent of U.S, GDP
flow through the U.S. financial system every year. That’s an enormous sum considering the size of the
U.S. economy, This estimate is likely one reason that both former Treasury Secretary Steve Mnuchin and
current Treasury Secretary Janey Yellen have been vocal supporters of the law.

Rollout and ease of compliance with the CTA

As noted above, the vast majority of U.S. businesses are small entities with simple ownership structures,
The Financial Crimes Enforcement Network (FinCEN), the Treasury bureau that will effectively implement
the CTA, estimates that these entities will spend approximately $85 to prepare and submit an initial
report to FinCEN, As the bureau points out, such costs are “comparable to (and in sore cases less than)
the fees that states charge for creating a limited liability company, which vary from $40 to $500.” And
while entities with more complex beneficial ownership structures may need to consult attorneys for an
initial filing, only “4.9 percent of reporting companies will have a ‘complex structure.” Otherwise, filing
is simple and free.

These numbers are consistent with past experiences in countries that have implemented similar laws.
For instance, in the United Kingdom, which maintains an analogous, yet public, register of companies’
real owners, the average number of owners per business is 1.13, and the most common number of
owners is one. An analysis of the UK’s directory also showed that more than 99 percent of businesses
listed fewer than six owners. And in the UK, the cost of compliance after the first year hovered around
the equivalent of just $2.50 per year.?”

23 The White House, “United States Strategy on Countering Corruption”, December 2021, https: //www.whitehouse.gov/wp-
content/uploads/2021/12/United-States-Strategy-on-Countering-Corruption.pdf

26finCEN, "Beneficial Ownership Reporting Rule Fact Sheet”, September 26, 2022, httos://www.fincen.cov/beneficlal-

27Global Witness, “Getting the UK’s House in Order”, May 6, 2019, bttos://Awww.globalwitness.org/en/campaigns/eorruption-
and-money-laundering/anonymous-company-owners/getting-uks-house-order/
53

it is therefore misleading to suggest that many reporting companies will have difficulty or costly
processes in identifying their beneficial owners. Moreover, as FinCEN notes, the few entities that do have
more complex ownership structures, “chose their structures recognizing that costs associated with legal
and tax advice and other filing and compliance obligations might be higher as a result.”*5 From a practical
standpoint, then, it stands to reason that owners with the resources to afford professional assistance
(e.g. lawyers, accountants, tax professionals, and others) when intentionally establishing a complex
ownership structure would certainly have the resources to then identify the companies’ beneficial
owners.

The law, as implemented, also has significant security mechanisms to allay any security concerns from
filers. The database is not open to all members of the law enforcement, national security, of financial
services community. Instead, to.access the database, specific users must be trained and certified and
must undergo a background check. All searches must be done as part of an ongoing investigation, and
every file that is reviewed is logged so that there is a record of who accessed what information. Misuse
of the information is a crime.

FinCEN’s roll-out of the database was successful, Already, more than 1 million businesses have
successfully filed. In fact, a post roll-out poll by Small Business Majority found that among those small
businesses that had filed, 68 percent reported it being somewhat or very easy to comply. Only 18%
found it soriewhat (12%) or very (6%) difficult.29

FinCEN’s outreach and ongoing compliance education

FinCEN officials continue to produce guidance materials and conduct both in-person and online
outreach to businesses. For example, on May 2, | will be joining FinCEN on a webinar open to all small
businesses on the purpose of the CTA and compliance protocols, They are also beginning a new
advertising campaign including digital platforms, television, and radio that is tailored and targeted to the
small business community.

FinCEN has also been working with state Secretaries of State and other corporate registration offices in
all 50 states to develop collaborative efforts to ease compliance, and has begun similar negotiations with
the IRS as well. :

Finally, | would like to clarify a point of confusion that we have seen and hear: Negligence is not
punishable under this law. Small businesses that are unaware of the filing requirement will not face any
consequences, We have seen statements that misrepresent the law, inaccurately suggesting that a lack
of awareness of a failure to'file or update is a criminal violation. Statements such as, “[O]nly a tiny
percentage of the targeted 33.6 million small businesses even know it exists. That’s bad because a failure
to file is accompanied by thousands in fines and two years in jail" have been widely circulated, including

8Eederal Register, "Beneficial Ownership Reporting Requirements: A Proposed Rule by The Financial Crimes Enforcement
Network”, December 8, 2021, https://www.federalregister.gov/documents/2021/12/08/2021-26548/heneficial-ownership- ,
information-reporting-requirements

29 small Business Majority, "Small Business Owners Share Their Experiences with New Beneficial Ownership Reporting
ew-business-ownership-information-reporting-requirements
54

to congressional offices. That is simply not true. The standard fora violation is a “willful” act—that is,

you must know about the law and choose to either lie in your report or refuse to file:a report. Lack of
awareness is not a violation, and statements like these only serve to sow Confusion among businesses
covered by the law. ;

To the extent that Congress is concerned about the lack of awareness of the law among the covered
business community, | would urge members of this Committee to support increased funding for FinCEN.
There is bipartisan support for an increase in resources for the Buréau in order to provide additional
outreach on the CTA and other implementation costs, including assistance for law enforcement, financial
institutions with customer due diligence requirements, and national security personnel who use the
information to protect our communities. Additional resources could also help FinCEN implement instant
checks on the data entered —.much like credit card checks done for online purchases.-~ ensuring filers
avoid honest typographical errors, saving them time and confusion when later seeking credit services at
banks or other financial institutions that will confirm information by the benefiical ownership database.

Members of this Committee could show their support for small businesses by joining in. the call for
additional resources for FinCEN.

Thank you and | look forward to your questions.
55

America’s Jim Nussle
edt : President & CEO 99 M Street SE
Credit Unions 202-508-6745. Suite 300
jnussle@americascreditunions.org Washington, DC 20003

April 30, 2024

The Honorable Roger Williams The Honorable Nydia Velazquez
Chairman ; Ranking Member

Committee on Small Business Committee on Small! Business
U.S. House of Representatives U.S. House of Representatives
Washington, DC 20515 Washington, DC 20515

Re: Today’s Hearing: “Under the Microscope: Examining FinCEN’s Implementation of the
Corporate Transparency. Act”

Dear Chairman Williams and Ranking Member Velazquez:

On behalf of America’s Credit Unions, I am writing regarding the Committee’s hearing entitled,
“Under the Microscope: Examining FinCEN’s Implementation of the Corporate Transparency
Act.” America’s Credit Unions is the voice of consumers’ best option for financial services: credit
unions, We advocate for policies that allow the industry to effectively meet the needs of their
nearly 140 million members nationwide.

America’s Credit Unions strongly supports the Financial Crime Enforcement Network's
(FinCEN) efforts to track and investigate financial crimes involving. money laundering and
terrorist financing. Compliance with anti-money laundering and-countering the financing of
terrorism (AML/CFT) rules.and regulations is expensive and places a tremendous burden on
credit unions. While larger banks and non-bank mortgage lenders can. afford to absorb the
significant regulatory and compliance costs from the AML/CFT framework, these rules have
made it significantly more difficult for credit unions to provide the affordable financial services
credit union members depend on and deserve. The burden on credit unions is amplified by the
fact that 45 percent of credit unions have fewer than 10 employees.

The Corporate Transparency Act (CTA) is being implemented through three separate
rulemakings: the Beneficial Ownership Information (BOI) Reporting Rule (finalized September
2022); the BOI Access Rule (finalized December 2023); and revisions to the current customer
due diligence (CDD) requirements (forthcoming). Credit unions are not required to report BOI
under the BOI Reporting Rule, but they will have to confirm BOI information by accessing the
database. The Access Rule prescribes how credit unions will access BOI from the BOI database.
Credit unions that plan to obtain BOI from FinCEN’s database must develop and implement
administrative, technical, and physical safeguards reasonably designed to protect the
information. Credit unions will be able to satisfy this requirement by applying to BOI the same
security and information handling procedures they use to protect customers’ nonpublic personal
information in compliance with section 501 of the Gramm-Leach-Bliley Act and its
implementing regulations. For each BOI request that it makes, a credit union ‘will have to certify
that the request satisfies applicable criteria.

© America’s Credit Unions 2024 . . americascreditunions.org
56

April 30, 2024
Page 2 of 2

Under the Access Rule, through a phased roll out of access to the BOI database, FinCEN has
indicated credit unions and. other financial institutions will obtain access to the database in
spring of 2025. In response to. industry advocacy, we appreciate FinCEN’s clarification in the
final BOI Access Rule regarding permissible use of BOI obtained from the database. Lastly, credit
unions are awaiting the proposed revisions to the CDD requirements, which will, out of the three
CTA rulemakings, have the most significant impact on credit unions. We urge FinCEN to release
the CDD proposal as soon as possible, providing adequate opportunity for public input.

In. addition, we continue to seek additional BOI resources. from FinCEN~ regarding’ new
regulatory requirements stemming from the CTA. We acknowledge and appreciate the. BOI
Frequently Asked Questions document on FinCEN’s website that provides a comprehensive
source of information related to the BOI Reporting Rule and BO! Access. However, we continue
to receive questions from credit unions struggling to understand their expectations under these
rules and the forthcoming. CDD Rule. Further, while. we appreciate the two FinCEN BOI
webinars, we are disappointed that—similar to the timeframe for the December webinar—the
webinar scheduled for today was announced just yesterday.

On behalf of America’s Credit Unions and their nearly 140 million credit union members, thank
you for the opportunity to share our views. We look forward to continuing to work with you on
this important issue.

Sincerely,

vim Nussle, CUDE

President & CEO

ec: — Members of the Committee on Small Business

© America's Credit Unions 2024 : americascreditunions.org
57

community

ASSOCIATIONS INSTITUTE

April 30, 2024

U.S. House of Representatives
Committee on Small Business -
23641 Raybu7rm House Office Building
Washington DC, 20515

Chairman Roger Williams, Ranking Member Nydia Velazquez, and Members of the Committee,

1 am writing to you on behalf of Community Associations Institute (CAD, the only national entity representing
condominium associations, homeowners associations, and housing cooperatives across the United States, As
we navigate implementation of the Corporate Transparency Act (CTA) and Anti-Money Laundering (AML)
Act of 2021, we respectfully request an exemption for community associations from the beneficial ownership
interest reporting requirements outlined in the legislation.

According to the Foundation for Community Association Research, the authoritative source in our field, there
are approximately 74 million Americans residing in more than 385,000 community associations nationwide.
These associations range from two-unit condominiums to large-scale community associations with thousands
of homes. The majority of these associations have fewer than 50 homeowners and are self-managed by
volunteers who are not aware of their obligations under the statute.!

We acknowledge the importance of transparency and accountability in financial transactions, and we firmly
believe community associations are inherently low-risk entities for money laundering and terrorist activities,
The Department of the Treasury has acknowledged this in its statement, explicitly stating that local and
regional nonprofits, which closely align with our member associations, pose a low’risk in these areas.

When you consider creating exemptions under CTA and AML, you must consider the financial model of a
community association. Given the source and use of funds for community associations, there is no risk of
terrorist activity and money laundering. *

‘Source: ion for C ity A jation R hee ity A Fact Book 2022."

2 Department of the Treasury. "Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Programs, Effectiveness."
58

Page 2

Community Associations Institute - Corporate Transparency Act Exemption for Community
Associations

April 30, 2024

* Community associations are often organized as nonprofit, nonstock corporations in the state or
statutorily authorized unincorporated associations. They usually do not qualify for a nonprofit tax
determination by the IRS under Section 501(c) of the tax code. Instead, they typically file using Form
528/1120-H for homeowners associations. Which is a specific tax code form for community
associations with a control in place very similar to the 501© status of the tax code.

* The community association is comprised of owners in a community. The owners.each pay their fair
share of the association’s expenses through assessments. Assessments are determined by a budget
adopted by an elected board of directors. The assessments are essentially the community association’s
only source of income. The only other income is typically minimal and generated by user fees and
fines for violating the community’s covenants.

* Assessments are like property taxes, They pay for the services delivered by the community including
trash and snow removal, street maintenance, lighting, insurance, recreation facilities, stormwater
management, landscaping, and more.

. Association expenses are usually fixed costs spent on contracts like trash removal, elevator
m e, roof mair e, landscaping, street maintenance, insurance, and payment for
maintenance and repair of other amenities.

* Assessments also pay for services of licensed attorneys and CPAs who assist association boards in
legal and financial compliance.

« The board of directors of a community association cannot collect assessments or make expenditures
not authorized by the recorded covenants for their community.

Thus, it is obvious community associations are not a viable vehicle for terrorist activities-or moniey laundering
and should be exempted from the CTA and AML requirements.

Furthermore, the legislation explicitly outlines 23 exemptions from reporting requirements, One of which is
granted to IRS tax-exempt organizations. Community associations operate like tax-exempt entities —with
many small assessments and constrained expenditures. Consequently, we contend our members should be
extended the same exemption afforded to tax-exempt organizations as outlined in the law. The specific
exemptions language from the Corporate Transparency Act is outlined in section 6203(b)(6)(E).*

The legislation explicitly exempts entities that exercise governmental authority.: Community associations, .
while private, exist primarily to govern common interest communities. They are providers of essential services
similar to local governments. We respectfully suggest it makes sense to treat community associations like other
entities that exercise governmental authority.

Another reason to grant an exemption is the redundancy of the information collection process. Community
associations already furnish detailed information on their board members as part of annual tax or other
statutory filings. Mandating an additional layer of reporting creates an unnecessary burden on these
associations, especially for smaller associations that are self managed by volunteers.

* Corporate Transparency Act. Section 6203(b\6)(E). httns://www.coné
59

Page 3

Community Associations Institute - Corporate Transparency Act Exemption for Community
Associations

April 30, 2024 .

The Foundation for Community Association Research estimates 2.5 million volunteer leaders serving on their
community board of directors will be affected by this burdensome reporting requirement. This number is so
large because directors of a community association may change every year.

Those who govern community associations are not investors and serve without any remuneration. We fear
complying with this reporting requirement will stifle volunteerism and expose volunteers to civil and criminal
penalties. Why should an unpaid vol subject th Ives to the risk of liability? That risk will exacerbate
the ongoing problem of finding volunteers to serve on community association boards. Reporting burdens are
magnified by requirements in the CTA that updates be filed within 30 days of any changes to BOL There is
frequent turnover in association board members (beneficial owners) increasing this reporting burden and
potential penalties for noncompliance. This impact emphasizes the urgency of our request for an exemption to
alleviate the administrative and financial strain on our member associations.

Moreover, the chaos created by the recent Alabama Federal Court ruling declaring the Corporate Transparency
Act unconstitutional has only added to the uncertainty surrounding the regulatory landscape. While the federal
government has appealed this decision, the lack of clarity leaves community associations in a state of limbo,
unsure of their legal obligations and potential liabilities. This legal ambiguity breeds confusion and anxiety
among volunteer board members, who are already grappling with the burdensome reporting requirements.
Without swift legislative action to clarify the status of community associations under the CTA, the chaos will
only continue to escalate, threatening the stability and viability of these essential community organizations.

When comparing the costs involved, it becomes glaringly evident that community associations operate on a
fundamentally different financial scale compared to typical corporations. While large corporations may possess
substantial financial reserves and dedicated compliance departments to navigate regulatory requirements,
community associations operate with limited budgets and rely heavily on volunteer labor, The resources
required to comply with the beneficial ownership interest reporting requirements of the Corporate
Transparency Act represent a significant financial burden for community associations, diverting funds away
from critical community needs such as maintenance, security, and infrastructure upgrades. In contrast,
corporations may view compliance costs as a routine aspect of business operations, absorbed within their
expansive budgets without significant impact. Thus, subjecting community associations to the same reporting
standards as corporations not only disregards their unique financial constraints but also imposes an
unjustifiable burden that threatens the very fabric of these essential community organizations.

In conclusion, we respectfully urge Congress to exempt community associations from the Corporate
Transparency Act and Anti-Money Laundering Act of 2021. The inherent nature of community associations as
low-risk entities, coupled with their existing compliance through federal and state filings, underscores the
redundancy and impracticality of subjecting them to additional reporting obligations.

We appreciate your time and attention to this matter and welcome the opportunity to engage in further dialogue
to address any concerns or provide additional information to aid understanding of the unique position of
community associations. Please feel free to contact my colleague, Dawn M. Bauman, CAE, CAI’s chief
strategy officer at dbauman@caionline.org or (703) 867-5588 anytime.

Sincerely,

Thomas M. Skiba, CAE
Chief Executive Officer
Community Associations Institute
60

[ R W CITIZENS FOR
RESPONGIBILITY &
Testimony Submitted for the Record, House Committee on Small Business,

“Under the Microscope: Examining FinCEN’s Implementation of the Corporate
; Transparency Act”

April 30,2024

Gabe Lezra, Federal Policy Manager and Senior Counsel, Citizens for Responsibility and
Ethics in Washington

Chairman Williams, Ranking Member Velazquez, and members of the Committee, thank you
for the opportunity to submit testimony on the importance of ensuring the full
implementation of the Corporate Transparency Act (“CTA’), the country's landmark
anti-corruption legislation.

My name is Gabe Lezra and I am the Federal Policy Manager and Senior Counsel at Citizens
for Responsibility and Ethics in Washington (“CREW’), a nonpartisan anti-corruption and
good government watchdog organization. It is CREW's mission to ensure that our
government uses its authority to truly benefit the public—including by fighting corruption,
and stopping corrupt actors from abusing our financial and legal system to hide ill-gotten
gains on American soil. I submit this testimony on behalf of CREW to encourage you to
reaffirm your commitment to protecting and supporting the country’s legitimate small
businesses by continuing the fight to develop a truly state of the art anti-corruption regime.

In the years since Congress passed the CTA, the Financial Crimes Enforcement Network
(‘FinCEN”) has begun the process of completely rebuilding the country’s anti-corruption
regulatory regime. This hearing is an important opportunity to ensure that FinCEN
continues to implement the CTA faithfully and comprehensively as it finalizes additional
elements of that regulatory structure. This process is at a critical juncture. FinCEN has
completed a number of the required implementing regulations and is now pivoting towards
ensuring that the first-ever U.S. beneficial ownership registry comes online. This step must
be completed. So while implementation of the CTA has presented and will present
difficulties, we encourage you to continue to make good on your commitment to fighting
corruption and protecting our small businesses by ensuring that FinCEN has the tools and
resources to faithfully implement Congress's vision for the CTA. Such efforts will benefit
American consumers and srnall businesses, and will strengthen the American economy.

Congress passed the CTA in 2021 as part of a major push to address the United States’
antiquated and woefully deficient corporate transparency regime that led the country to be
61
Page 2

ranked, variously, as the worst, and second-worst, jurisdiction in the world for financial
secrets. This ranking was the result of a number of factors, but its key-driver was the lack ofa
national regulatory regime to combat illicit cash flowing through anonymous shell
companies. Despite hopes that the states, acting independently, could resolve this issue, the
country's federalist legal structure created a classic collective action problem. In general,
corporations, limited liability companies and other legal entities are formed at the state
level. Each state, therefore, sets the terms under which these entities operate—and the
information they are required to report. States compete amongst themselves for corporate
tax revenue, and are therefore incentivised to require corporations to do less and less
paperwork and provide less and less information about their ownership structures in an
effort to lure them to their jurisdiction. Even if some states enact more comprehensive
disclosure regimes, if other states do not, bad actors can avoid disclosure by incorporating in
those states, The result is that the beneficial owners of corporations in the United States are
regularly unknown.

In the years since Congress passed the last major reform to the country’s anti-money
laundering and corporate secrecy laws,” the United States has repeatedly recognized that
the proliferation of shell companies has created a serious vulnerability in the U.S. financial
system. In 2006, for instance, the Government Accountability Office released a report on the
risks associated with a lack of transparency in beneficial ownership information, and
explained how “shell companies have become popular tools for facilitating criminal activity
in the United States and internationally and can be involved in fraud and corruption or used
for illicit purposes such as laundering money, financing terrorism, hiding and shielding
assets from creditors, and engaging in questionable tax practices.”* Other studies since have
reinforced these conclusions.‘ All of this has made the U.S,, [the] jurisdiction most complicit
in helping individuals to hide their finances from the rule of law.” It is therefore no surprise
that, in 2021, Treasury Secretary Janet Yellen declared that “there's a good argument that,

1 See Tax Justice Network, “Financial Secrecy Index 2022: U.S. Country Profile,” available at
https://fsi-taxjustice.net/country-detail/#country=USSperiod=22; Tax Justice Network, “Financial

Secrecy Index 2020 reports progress on global transparency ~ but backsliding from US, Cayman and

only the Cayman Islands),
2 Title IIL, Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept
and Obstruct Terrorism (USA PATRIOT) Act of 2001.
3 Government Accountability Office, “COMPANY FORMATIONS: Minimal Ownership Information Is
Collected and Available,” Report to the Permanent Subcommittee on Investigations, Committee on
Homeland Security and Governmental Affairs, U.S. Senate, Apr. 2006, available at

“See, e.g., National Money Laundering Risk Assessment, Dep't of Treasury, 2015.
5 Tax Justice Network, Financial Secrecy Index 2022, available at hitpsi/fsitaxjustice net/-
62
Page 3

right now, the best place to hide and launder ill-gotten gains is actually the United
States”*—-a conclusion previously reached by the Department of Justice.’

The country's failure to develop a functional corporate anti-corruption regime has become
an international crisis. As the market for illicit cash flows has grown, the U.S. has become
one of the central nodes in the international opaque and potentially illicit finance structure.®
For example:

e The Zheng drug trafficking organization—run by Chinese synthetic opioid trafficker
Fujing Zheng—was indicted for using shell companies formed in Massachusetts as
they mailed, repackaged and redistributed fentanyl analogues and 250 other drugs
across the country?

e The brutal Sinaloa Cartel was indicted for using a network of shell companies
incorporated in Wyoming and overseen by a U.S. citizen in Arizona to organize the
pickup of bulk cash proceeds from the sales of heroin and methamphetamine in the

® One of Vladimir Putin's close allies reportedly used a U.S. shell company to purchase
a multi-million dollar house in Washington, D.C.”

®Janet Yellen, Sec’y, U.S. Dep't of the Treasury, Remarks at the Summit for Democracy, Dec. 9, 2021,
available at https: //home.treasury.gov/news/press-releases/jy0524.

"See U.S. Dep't of Justice, Financial Action Task Force Report Recognizes U.S. Anti-Money Laundering
and Counter-Terrorist Financing Leadership, but Action is Needed on Beneficial Ownership, Dec. 1,
2016, aia at

ind =col
® See international Consortium of Investigative Journalists, “Offshore havens and hidden riches of
worl’ leaders and bilionaires exposed in unprecedented cake Oct 3, 2021, avalole at
i

cij.or
3 : oI Dep’ t of justice, ‘Two Chinese Nationals Charged with = Global Opioid and Drug
Manulecturing Conspiracy Resting in Deaths, available at

manufacturing-conspiracy. See ‘also Transparency ‘international, “Stop Those Who Enable the
Trafficking of Fentanyl and Other Drugs Into the United States,” Jun. 2023, available at

U.S. Dep't of Justice, Sophisticated Sinaloa Cartel Money Laundering Organization Dismantled, Apr.

11, 2023, available at
" Rosalind S. Helderman and Alice Crites, “The Russian billionaire next door: Putin ally is tied to one of
DC's swankiest mansions, " Washington Post, Nov. 29, 2017, available at
63
Page 4

e Following the country’s invasion of Ukraine, the Russian government, Russian elites,
state-owned enterprises and organized crime have attempted to use U.S. and
non-US. shell companies to evade sanctions.”

* King Abdullah II of Jordan used shell companies to purchase 14 luxury properties
across the United States and United Kingdom.*

These harms are not theoretical. These illicit funds, funneled through shell companies into
the United States, distort American markets through harmful commercial practices,
undermine legitimate small businesses, make it harder for the poor to join the middle class
and for Black and Brown communities in particular, to build generational wealth.“ When the
proceeds of corruption flow back into the economy, they “distort[] markets and victimizel[]
ordinary Americans.”

This relationship is particularly evident in the real estate market where corrupt overseas
financial flows are pricing ordinary Americans out of the housing market, with particularly
devastating consequences for first-time homebuyers and Americans of color." Corrupt

® adam Piore, “Russian Oligarchs Hide Money in Plain Sight in Luxury New York City Condos,”
Newsweek, Mar. 14, 2022, available at

98-1687503: See also Matthew Goldstein and David Enrich, “ "How One Oligarch Used Shell Companies
and ont Street Ties to Invest in the U.S.,” New York Times, Jun. 22, 2023; available at:

8 Wil Fitzgibbon, “While foreign aid poured i in, Jordan’s King Abdullah funnelled s100n through
secret companies to buy luxury homes,” International Consortium of Investigative Journalists, Oct. 3,
2021, available at

" Gabe Lezra, “Real Estate Secrecy Links Global Corruption, ‘Domestic Inequality,” Just Security, Mar.
23, 2022, available at

* United States National Strategy for Combatting Terrorist and Other Illicit Financing, May 2022,
available at

6 A home is historically the best way to build generational wealth--and Black and Brown Americans
are even more reliant on real estate to be a source of generational wealth than White Americans.
Sarah Burd-Sharps and Rebecca Rasch, Impact of the US Housing Crisis on the Racial Wealth Gap
Across Generations, Social Science Research Council, Jun. 2015, available at

pdf. See also Dedrick
Asante- -Muhammad, Jamie Buell, Joshua Devine, 60% Black Homeownership: A Radical Goal For
Black Wealth Development, National Community Reinvestment Coalition, Mar. 2, 2021, available at

unable to purchase a hatte, or being priced out ‘of purchasing a home you would have otherwise
bought, is a huge problem for Black and Brown communities who are just beginning to dig
themselves out of the hole they were put into by the global financial crisis. See National Low Income
Housing Coalition, Report Shows African Americans Lost Half Their Wealth Due to Housing Crisis and
64
Page 5

buyers enter the market flush with opaque cash stored in impenetrable shell companies.
Because they purchase properties in all-cash transactions, they don't need to obtaina
mortgage or other loan, which would require disclosing the real person behind these
entities.”

Untraceable money stored in shell companies has many economic harms beyond the real
estate market, The Committee will likely find its impact on small businesses particularly
instructive:

* Anonymous shell companies are regularly involved in corrupt schemes that allow
them to obtain government contracts over legitimate American businesses. For
instance, a company, hiding behind anonymous shell companies, received over $136
million in government contracts through a program designed for minority-owned

e The Department of Defense (“DOD”), which is responsible for 65 percent of all

- government contracts with private industry, * is often subject to schemes from
“{i]llegitimate contractors” who “hide behind shell corporations to skirt domestic
ownership and production requirements to win government contracts."”° These bad
‘actors routinely use multiple shell companies to create the appearance of
competition, thus driving up the cost of a contract, without any disclosure of
apparent conflicts.” Critically, a 2019 study of 32 DOD contracts found that the

vnemployment, Ang 30, 2013, available at

isand-unemployment See also Lezra, just Security, Mar. 23, 2022,

” all-cash transactions are considered at high risk for money laundering, which is why FinCEN has
begun the rulemaking process to regulate them. See Fatima Hussein, “Treasury rolls out estate
transparency rules to combat money laundering,” Associated Press, Feb. 7,2024, available.at

https//apnews.c: rtic -regulation-money-laundering-real-estate- ing-

‘8 FACT Sheet: Small Businesses Are Harmed by Anonymous Companies, FACT Coalition, Sep. 17, 2019,
available at ,

© Rachael Hanna, “Shell Corporations Facilitate Contracting Fraud at the Department of Defense,”

Lawyare, am 21, 2020, available at

20 Rachael Hanna, “Shell Corporations Facilitate Contracting Fraud at the Department of Defense,”
Lawfare, Apr. 21, 2020, available at
. di

2 Rachael Hanna, “Shell Corporations Facilitate Contracting Fraud at the Department of Defense,”

Lawfare, Apr. 21, 2020, availabe at
65
Page 6

government had been defrauded of hundreds of millions of dollars because of
companies engaging in these practices.”

Bad actors also use opaque shell companies to defraud legitimate businesses. In one
instance, for example, an Illinois man created an anonymous company to defraud his
employer, a small air conditioning repair business, and its customers of hundreds of
thousands of dollars before he was arrested.°

* Various large businesses used shell companies to take advantage of the Paycheck
Protection Program, a government fund designed to help small businesses struggling
during the COVID-19 pandemic.™ The program was specifically off limits to large
companies with substantial access to large public markets.

This is the dire backdrop against which Congress developed and passed the CTA.

Happily, things are improving. Right now, FinCEN is working to develop and implement the
comprehensive regulatory framework necessary to reflect Congress's intent in passing the
CTA. And it is succeeding. The regulations designing the structure of the CTA’s beneficial
ownership registry have been a triumph.” FinCEN has designed a strong regulatory
framework to ensure that the information that it collects from American corporate entities
is comprehensive enough to be effective in.the fight against illicit finance, but also is tailored
to precisely what law enforcement needs.” And it has protected that data by designing
regulations that limit access to confidential beneficial ownership information and that
implement the CTA’s criminal prohibition on unnecessary disclosure.” FinCEN is currently

2“ Government Accountability Office, DEFENSE PROCUREMENT Ongoing DOD Fraud Risk Assessment
Efforts Should Include Contractor Ownership, Report to Congressional Committees, Nov. 2019,

available at https://www.gao.gov/assets/gao-20-106.pdf.

31.8. Dep. of Justice, Illinois Man Pleads Guilty to Fraud and Money Laundering Charges, Jul. 27, 2016,
available at

arses.

* Accountable.US, Paycheck Protection Program Relief, Intended As A Lifeline For Small Businesses,
Benefitted Entities Utilizing “Shell Companies” - Firms With No Or Nominal Operations That
Frequently Had Large Amounts Of Cash On Their Balance Sheet., Sep: 29, 2020, available at

htt bl ntent/u

* Gabe Lezra, “FinCEN’s final rule implementing the Corporate Transparency Act is a victory,’ CREW,
Sep. 30, 2022, available at
iti fi i

nsparency-act- is- ‘a-victory/,

*6 FinCEN, Fact Sheet: Beneficial Ownership Information Access and Safeguards Final Rule, Dec. 21,
2023, available at

*’ FinCEN, Fact Sheet: Beneficial Ownership Information Access and Safeguards Final Rule, Dec. 21,
2023, available at
http W.
66

in the middle of a public education campaign to explain to corporations and their owners
how and when to file their beneficial ownership information. It has issued dozens of detailed
FAQs and other public-facing documents to help filers navigate the reporting process. But,
even more importantly, it has made that process extremely simple—compliance with the
CTA consists of a single form, that, for the 70% of businesses that have only one owner, and
the many that have simple ownership structures, will take only minutes to fill out, at an
estimated one-time cost of $85.” And, because the CTA and FinCEN's implementing
regulations only focus on current beneficial owner information, any business that has not
changed ownership will not have to file anything with FinCEN.

This ease of access and functionality is why more than 1 million businesses have filed their
beneficial ownership information with FinCEN.*°

It is critically important that we allow FinCEN to carry out the mission that Congress gave it
when it passed the CTA. That a small number of loud lobbyists and corporations are
campaigning to delay or even destroy the CTA must not distract from the reality: that the CTA
is transitioning the United States from a global haven for corrupt money, into.a global leader
in the fight against corruption. The more the United States pushes back on the abuses of
shell companies, the more it protects our markets and our small businesses from bad actors
who seek to undermine our economy.

That is why it is crucial that Congress provide FinCEN with the funding it needs to complete
this monumental task. Right now, the agency is facing a potential $24 million budget cut
That would be a disaster—and it wouldn't even accomplish what the loud voices who oppose
the CTA want it to. Cutting FinCEN’s budget now would be to risk mistakenly or badly
implementing the CTA, if not destroying the CTA altogether. Such amassive budget cut risks
undermining the registry just as it is going online. Instead of a useful registry that law
enforcement can use to track bad actors and unweave webs of shell companies involved in
fentanyl trafficking, you would risk creating a registry filled with holes and blind spots and of
little use to law enforcement. Right now, bad actors are exploiting our broken system by
using shell companies with corrupt or illicit cash to outbid and out-compete legitimate
American businesses. If Congress is serious about fighting corruption and protecting

8 U.S. Small Business Administration, Frequently Asked Questions About Small Businesses, Mar.
2023, available at

2° FinCEN, Beneficial Ownership Information Reporting Requirements, 87 Fed. Reg. 59498, Sep. 30,
2022, available at hitps: govin: kg/FR-2022-09-30,

3° FinCEN, Mar. 25, 2024, available at https://x.com/FinCENnews/status/1772277271606276564.

31 FACT Coalition, Proposed Cuts to Financial Crime Fighters Threaten to Undermine U.S. Anti-Money
67
Page 8

American small businesses from these types of risks then it must expand FinCEN’s funding,
not cut it. ;

The truth here is quite simple: corruption is bad for business. When you fight against
corruption and illicit cash stored in opaque shell companies, you fight for legitimate small :
businesses run by everyday Americans who just want to compete in a fair and free market.

CREW looks forward to working with this committee to address the impact of dark money

stored in shell companies on American small businesses.

Gabe Lezra
Federal Policy Manager and Senior Counsel
Citizens for Responsibility and Ethics in Washington (CREW)
68

April 30, 2024

Re: “Under the Microscope: Examining FinCEN’s Implementation of the Corporate
Transparency Act”

Dear Chairman Williams, Ranking Member Velazquez, and members of the House Committee
on Small Business,

Thank you for taking the time to hold a hearing on the implementation of the Corporate
Transparency Act. As a non-profit technology policy, research, and advocacy organization that
bridges the gap between policymakers and startups, Engine devotes attention to the outsized
impact many federal laws and regulations can have on the startup ecosystem, particularly for
startups in their early stages. The Corporate Transparency Act and its implementation is no
exception. ;

Under the requirements of the Corporate Transparency Act, almost all private companies in the
U.S., including startups, are required to report beneficial ownership information (BOI) to the U.S.
Department of the Treasury's Financial Crimes Enforcement Network (FinCEN), unless they
qualify for an exemption: Though the CTA went into effect in 2021.with BOI requirements
beginning this year, most companies remain unaware of their new obligations to FinCEN. In
fact, for many startups, reporting BOI will likely be their first interaction with the agency.' The
constitutionality of the law is additionally being challenged in multiple jurisdictions.

The CTA will require most startups to collect and report information about themselves and each
of their beneficial owners (those that have or control a significant ownership interest (at least
25%) in, or exert direct or indirect substantial control over, a reporting company) and could have
a significant impact on the startup ecosystem. While most large companies are well equipped to
address new and evolving regulations, both in terms of resources, staff, and time, many startups
will likely struggle to meet reporting requirements, especially as they will have to be
continuously updated in a short time frame if there are any changes to their company or
beneficial owners that should be reflected in the report. And founders have reported concerns,
especially as states, including New York, are also beginning to require BOI reporting.’
Regarding the disclosure of BOI, one startup told Engine, “I think any additional regulatory
burden makes life harder for those with less resources, such as startups. Going forward, the

' Engine, The Corporate Transparency Act: What it is, where are we now, and what startups should know
(Mar. 15, 2024), .
htins: i

2 Sandra Feldman, New York enacts a revised version of the LLC Transparency Law-(Mar. 7, 2024),
69

experience of a founder—especially founders with less connections and resources——will be
highly variable depending on the state where they base their company.”*

As we indicated in a recent blog post (also attached below), startups especially may struggle
with the requirements of the CTA, “particularly if a beneficial owner is an entity rather than an
individual, which would require another layer of parsing out who owns/controls the entity."*
Moreover, “some startups may have more trouble than others parsing out who amounts to a
beneficial owner depending on the composition of their cap table (for example, those with
SAFEs‘on their cap table),°.and may have to submit frequent updates as noted above.” For
other startups, their small size will ultimately result in having to submit information about their
entire board. This may give pause to some companies and investors alike, given the
cybersecurity implications and concerns about which agencies have access to the information
contained in the reports.

As we previously mentioned, most startups are likely unaware of their obligations. under the
CTA—in a recent hearing in the House Financial Services Committee, FinCEN reported that just
500,000 companies of 32 million required to report have done so.’ Another study found that 90
percent of independent businesses surveyed were not aware of the CTA’s requirements for BOI
reporting.’ While FinCEN has indicated they do not intend to target those who unknowingly do
not comply, penalties for non-compliance may be significant, and many startups may face fines
and more for failing to submit a report.° An improved information campaign from FinCEN or
other government agencies—one which includes accurate, up to date information regarding
nuances created by ongoing legal challenges—is clearly needed to improve awareness.

Congress should continue to examine the impact of the CTA’s requirements, keeping the needs
of startups in'mind, as the drivers of innovation and job creation in the U.S. Attached, you will

pment Webb, #Startups Everywhere: San Antonio, TX (April 26, 2024),

: ngine.is/news/startupseverywhere-sanantonio-tx-legalmente.
4 ren Ww. ‘Ashby et al., Corporate Transparency Act: Beneficial Ownership Challenges for Business
‘startups (wan. 8, 2024),

rtups.
5 Adam Hayes, Whati isa Simple Agreement for Future Equity (SAFE) (Jan. 23, 2024),

® Alon Y, Kapén, Corporate Transparency Act Risks “for Startups and Venture-Backed Companies (Jan. 8,

? See Hearing Entitled: Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office
of Terrorism and Financial Intelligence AFI), available at:

: house single.a

8 Lurah Lowery, 90% of b busi surveyed unay of strict comporais reporting requirements

peginng Jan. 1 (Nov. 17; 2023),

® See Hearing Entitled: Se of the Financial Crimes Enforcement Network (FinCEN) and the Office
of Terrorism and Financial Intelligence (TFI), available at:
70

find the referenced blog post, which provides more information on the impact.of the CTA on the
startup ecosystem. As always, Engine is happy to serve as a resource to the committee on the
needs and constraints of the startup ecosystem.

Sincerely,

Engine Advocacy

700 Pennsylvania Ave SE
Washington, D.C. 20003
71

The Corporate Transparency Act: What it is, where we are now,
and what startups should know

By Jennifer Weinhart, Senior Policy Advisor, Engine

A law went into effect this year impacting tens of millions of startups and small
businesses, and it should have the attention of founders across the country — but
few know about it. That law, The Corporate Transparency Act, was ruled
unconstitutional earlier this month, and the government appealed that ruling this
week, Startup founders should understand what the Corporate Transparency Act
is and what it means for them so they can act accordingly.

What is the Corporate Transparency Act?

The Corporate Transparency Act (CTA) went into effect in 2021 as part of an
effort to target illicit finance and terrorist financing. The law will have far
reaching impact — as of 2024 it requires many private companies, including most
startups, to file beneficial owner reports to the U.S. Department of the Treasury's
Financial Crimes Enforcement Network (FinCEN). These reports must include
identifying information on those that have or control a significant ownership
interest (at least 25%) in, or exert direct or indirect substantial control over, a
reporting company. A small number of individuals(for example, minor children
and creditors of the reporting company) are excluded from the definition of
beneficial owner.

What is FinCEN?

The Financial Crimes Enforcement Network (FinCEN) is a bureau falling under
the jurisdiction of the Department of Treasury. The mission of FinCEN is to
“safeguard the financial system from illicit use and combat money laundering
and promote national security through the collection, analysis, and dissemination
of financial intelligence and strategic use of financial authorities.” For many
startups, reporting beneficial ownership information will be their first interaction
with FinCEN.
72

Who is required to submit to beneficial ownership information (BOD
reporting?

Most private companies in the U.S. are required to report BOI — including LLCs
and corporations — unless they are eligible for one of 23 exemptions, which
includes large operating companies that employ more than 20 full time
employees with more than $5 million in gross receipts or sales for the previous
year, Other companies that are exempt from reporting include publicly traded
companies, venture capital fund advisors, tax exempt entities, banks, and broker
dealers, among others. That means almost all startups will be required to report
BOI. Foreign companies are also subject to reporting requirements if they are
registered to conduct business in the U.S.

What information must be reported?

The CTA requires reporting companies to submit various pieces of information —
about the reporting companies and each of their beneficial owners (those that
have or control a significant ownership interest (at least 25%) in, or exert direct
or indirect substantial control over, a reporting company), Companies
established in 2024 or later must also report their company applicants.

For companies, this information includes: company name, trade name(s),
address, jurisdiction of formation, taxpayer identification number, and employer
identification number.

For beneficial owners, this information includes: legal name, date of birth,
address, unique identifying number and image from an official document like a
U.S. license or passport.

Until when do startups have to comply? —

Companies that were established before January 1, 2024 will havea full calendar
year to submit their first BOI report to FinCEN. Companies created in 2024 have
just 90 days following formation to comply and those created in 2025 and later
73

will have 30 days to comply. Companies will also have 30 days to submit an
updated BOI report in the event that information regarding beneficial owners or
the company that must be included in a report, has changed. The requirement to
provide updated reports is especially important for many startups, and may add
additional layers of paperwork to fundraising and capitalization table
management as “the set of persons whose details must be disclosed may change
each time a derivative security expires, equity interests are sold, additional funds
are raised, or the ownership structure of a corporate investor changes.”

What are the penalties for failure to comply?

While FinCen has indicated that they intend to only pursue penalties for willful
violations, penalties for failure to report or update BOI can be significant and
include criminal penalties and/or civil penalties of up to $500 per day of
violation.

What does the CTA mean for startups?

Most U.S.-startups would be subject to BOI reporting requirements under the
Corporate Transparency Act. While many larger, private companies are well
suited, both in terms of resources and manpower, to comply with ever evolving
regulatory requirements, many startups are limited in terms of their ability to
navigate new regulations and the cost associated with compliance, particularly if
a beneficial owner is an entity rather than an individual, which would require
another layer of parsing out who owns/controls the entity. And some startups
may have more trouble than others parsing out who amounts to a beneficial
owner depending on the composition of their cap table (for example, those with
SAFEs on their cap table), and may have to submit frequent updates as noted
above. Moreover, given the small size of many startups, they may ultimately have
to provide information about their entire board.

Many companies are also likely unaware of their obligations under the CTA. As
previously mentioned, reporting BOI will likely be the first interaction many
startups have with FinCEN. As reported by FinCEN, just roughly 500,000
reporting companies of an estimated 32 million required to submit a report have
done so. While FinCEN argues they are undertaking education efforts to make
74

reporting companies aware of their obligations, according to a National
Federation of Independent Businesses survey, 90%: businesses were unaware of
the requirements of the law.

Finally, startups will have to ensure that the data they collect is secure, and they
may have broader cybersecurity concerns regarding which agencies/actors will
have access to the reported information. Some beneficial owners themselves may
share this sentiment and may be reluctant to supply necessary information.

Where are we now?

In early March, a U.S. District Court Judge in Alabama sided with the National
Small Business Association (NSBA) in their challenge to the CTA and its BOI
requirements, finding the law unconstitutional and that it amounts to
Congressional overreach. The Justice Department has appealed the ruling. The
full impact of the initial ruling is varied — as it stands, it narrowly applies to the
65,000 members of the National Small Business Association and FinCEN has
stated that it is moving ahead with the CTA’s requirements for all other
companies who were not members of the NSBA as of March 1, 2024. These
companies generally already have until January 1, 2025 to comply, allowing time
for the court process to unfold.

Legislators have also challenged the BOI reporting requirements, arguingthey
exceed what was prescribed under the passage of the CTA, for example by
requiring the submission of more than 50 data points that will be collected in a
database. They also expressed concerns about the security of that data and who
will have access to the database, which could include several federal agencies.

Startups should be mindful of the CTA and its requirements as the court case
unfolds, as it will impact an outsized portion of the startup ecosystem.

Disclaimer: This post provides general information related to the law. It does
not, and is not intended to, provide legal advice and does not create an
attorney-client relationship. If you need legal advice, please contact an attorney
directly.
75

Engine is a non-profit technology policy, research, and advocacy organization
that bridges the gap between policymakers and startups. Engine works with
government and a community of thousands of high-technology,
growth-oriented startups across the nation to support the development of
technology entrepreneurship through economic research, policy analysis, and
advocacy on local and national issues.
76

FACTCOALITION

Financial Accountability & Corporate Transparency

April 30, 2024
The Honorable Roger Williams The Honorable Nydia Velazquez
Chairman Ranking Member
Committee on Small Business Committee on Smail Business
U.S. House of Representatives U.S. House of Representatives
Washington, DC 20515 Washington, DC 20515

RE: Hearing titled, “Under the Microscope: Examining FinCEN’s Implementation of the Corporate
Transparency Act”

Dear Chairman Williams and Ranking Member Velazquez,

On behalf of the Financial Accountability and Corporate Transparency (FACT) Coalition, we
appreciate the opportunity to comment on your hearing examining the implementation of the
Corporate Transparency Act. The FACT Coalition is a non-partisan alliance of more than 100 state,
national, and international organizations promoting policies to combat the harmful impacts of
corrupt financial practices, We have been a leading champion of beneficial ownership reform in the
United States for more than 14 years. ;

We are writing to voice the importance of the Corporate Transparency Act as a tool to protect small
businesses, defend U.S national security, and uphold the public safety of average Americans, We
also encourage Congress to adequately fund FinCEN to help small businesses comply with the law.

Anonymous U.S. Companies Harm Americans

Ulicit shell company networks are an increasingly important tool for drug traffickers, fraudsters, and
corrupt officials to hide and move ill-gotten gains across states and continents. The United States is
a prime destination and through-point for these funds, in part thanks to the opacity around U.S.
corporate formation. According to Treasury Secretary Janet Yellen, “There is a good case that, right
now, the best place to hide and launder ill-gotten gains is actually the United States.”

There is clear evidence that anonymous companies present harms to honest small businesses:
enabling fraud, fueling fraud in competition for contracts, and empowering patent trolls to harass
small business owners. These crimes have a negative impact on intra- and interstate commerce.

1100 13th St. NW, Suite 800 | Washington, DC |. 20005 | USA
@FACTCoalition | www.thefactcoalition.org
77

These companies also cause tangible harms to American public safety and U.S. national security:
fostering cross-continental fentanyl trafficking networks and facilitating egregious evasion of U.S.
sanctions on iran, Russia, and other U.S. adversaries. Earlier this month, FACT testified in the Senate
Caucus on international Narcotics Control on these continued risks — especially relating to fentanyl
and other narcotics trafficking. There is overwhelming evidence. that. .curbing the abuse of
anonymous shell companies would improve the investigative abilities: of law enforcement and
national security officials, and help make our communities safer:

The Bipartisan CTA Has Diverse Support

Prior to the passage of the Corporate Transparency Act, all 50 states. required more information to
get a library card than they did to form an entity. The CTA closes this gaping loophole by requiring
certain entities formed or registered in the U.S. to name their true owner to a secure directory
housed at Treasury’s Financial Crimes Enforcement Network.

The bipartisan Corporate Transparency is the product of 20 years of congressiorial deliberation on
the scourge of anonymous shell companies. Congress collected evidence and proposed legislative
solutions based on inputs from law enforcement and national security officials, the financial services
industry, business groups large and small, and the anti-corruption community, among others.

In its final form, the Act had support from dozens of stakeholders, as diverse as Dow Chemical and
Friends of the Earth; U.S: Chamber of Commerce and Public Citizen; Bank Policy Institute and
Americans for Financial Reform, all of whom saw this as a needed step to address risks presented by
arionymous shell companies. State-level law enforcement associations ~ including 42 states,
Attorneys General, the Eraternal Order of Police, National District Attorneys Association ~ saw the
limitations of state-level solutions and called for federal action on this trans-state and transnational
issue.

The Act fs Constitutional

FACT supports the Government's appeal of a federal district court decision in the case NSBU v.
Yellen, which found that the CTA is unconstitutional on the grounds that it exceeds congressional
powers. As FACT argued in a recent Bloomberg Law op-ed, the CTA clearly serves a national security,
tax, and interstate commerce function, putting it squarely within congressional purview.

Other experts agree: amicus curiae briefs were submitted to the U.S, Court of Appeals for the Lith
Circuit in favor of the government’s position, from national security experts, tax law-experts, and
U.S. Members of Congress. We expect the circuit court to rule favorably on the CTA.

The Act Appropriately Balances Benefits with Compliance Costs

1100 13th St. NW, Suite 800 | Washington, DC | 20005 | USA
@FACTCoalition | www.thefactcoalition.org
78

Helping investigators understand the true owners of a U.S. entity is an unparalleled tool in the fight
against money laundering. At the same time, the cost of compliance for most honest businesses is
quite low:

1.

Filing is free, keeping the cost of compliance relatively low for filers. FinCEN estimates that
average costs for businesses with simple ownership will be about $85 in the first year, and
lower (or non-existent, if there are no changes) in following years. (In comparison, the state
formation fee for creatirig an LLC can cost between $40 and $500, depending on the state.)
According to the Small Business Administration, most businesses in the United States
(approximately 82 percent) are non-employer firms, meaning that they should have no
trouble understanding who owns them. ,
Of Jmillien businesses that have already filed with FInCEN, anecdotal evidence suggests
that average filings take about 20 minutes, Moreover, these are one-time filings unless
businesses have information they need to update. ; ;

A February. poll by Small Business Majority shows that 78 percent of small businesses who
had filed found the filing easy; only 6 percent said it was very difficult.

Likewise, the law reasonably approaches penalties for noncompliance. A small business
owner can only be punished if they know their obligations and “willfully” refuse to file or
falsely file to face legal repercussions.

For most honest small businesses, these filings will be simple and affordable. This means that ~ after
nearly.twenty years of deliberation ~ Congress struck the right balance when passing this bipartisan
law to keep our country and our region safe, while also keeping costs to business low.

Additional FinCEN Funding Presents Greatest Benefit to Small Businesses

We urge Congress to supply FinCEN with the full presidential budget request of $216 million. As
FACT testified this month in the Senate, Congress must provide additional resources to FInCEN as a
means to help small businesses comply with the law. Additional resources for FinCEN would allow
the bureau to:

1.

Continue outreach, building relationships with local governments and businesses
associations to get the word out about compliance requirements; and

Verify beneficial ownership information as it is submitted to the database, which will
minimize the costs of compliance for businesses by reducing adverse impacts of human
error and by simplifying filing.

Thank you for the opportunity to comment. If you have questions, you can contact Efica Hanichak

1100 13th St. NW, Suite 800 | Washington, DC | 20005 | USA
@FACT Coalition | www.thefactcoalition.org
79

the
MAIN STREET
alliance
April 30, 2024
The Honorable Roger Wililams The Honorable Nydia Velazquez
Chairman Ranking Member.
Committee on Small Business Committee on Smail Business
U.S. House of Representatives U.S. House of Representatives

Washington, DC 20515 Washington, DC:20515

RE: Hearing titled, “Under the Microscope: Examining FinCEN’s Implementation of the
Corporate Transparency Act”

Dear Chairman Williams and Ranking Member Velazquez,

Main Street Alliance is a national network of small businesses engaging on important public
policy issues that work for business owners, their employees, and the communities they serve.
We represent 30,000 small business owners across the country, and are writing to express our
support for the bipartisan Corporate Transparency Act (CTA).

Anonymous shell companies facilitate shady and criminal practices that harm small businesses.
There is evidence that anonymous entities facilitate fraud, endanger supply chains, empower
patent trolls, and undermine legitimate competition.' These cases demonstrate why we have
been longtime supporters of the CTA. Greater transparency will improve the business
environment and level the playing field for honest small business owners.

The Financial Crimes Enforcement Network (FinCEN) started accepting beneficial ownership
reports from small businesses on January 1, and our members are already filing. The majority of
our members ~ like the majority of U.S. small businesses” — have few owners, meaning that
filing is simple. Already, more than 1 million businesses have filed their information.*
Anecdotally, we understand that filing takes about 10 to 20 minutes to complete.

4 See FACT Coalition, “FACT Sheet: Business Case for Ending Anonymous Companies (February 2020),"

ihe eng
a ‘According to U. S. Census Data cited by the ‘Small Business ‘Administration, 81.6 percent of al isinesses are
non-employer firms, meaning there is only one person in the business. See U.S: Smail Business Administration -
or ice of Advocacy, “2023 Small Business Profi le November 22, 2023, .
ad £2023-Sm F
8 Post onX by the Financial Crimes Enforeoment Network, March 25, 2024

httos://twitter. com/FinCENnews/status/177227727 1606276564.
80

Congress has expressed an interest in helping small businesses navigate their compliance with
the Corporate Transparency Act. Rather than debate delays or reversals, Congress can best
help small businesses by giving FinCEN the resources it needs to communicate requirements te
small businesses across the country and to further refine the filing process. FinCEN can still do
more to partner with small business associations and state-level authorities, such as state
secretaries of state, to make sure that businesses are aware of these reports and their
deadlines. Further, FinCEN should pursue technical steps — like implementing real-time data
verification into the e-filing process — to minimize human error and lower the risks that
businesses get mired in paperwork to correct filings. This way, our members can get back to
doing what they do best: running their businesses.

We also support the government's appeal of a federal district court decision that found the CTA
unconstitutional on the grounds that it exceeded congressional powers. Threats to smail
businesses from anonymous companies often occur across state and even national lines, and
impact our members’ ability to do business. As such, we believe that the CTA, as a matter of
interstate commerce, is staunchly within Congress’ mandate to enact. The Act also performs
crucial national security and tax functions.

We are including two documents as an annex that we also request be submitted into the
congressional record: These documents include:

1. Main Street Alliance’s 2020 letter to Congress supporting the passage of the Corporate
Transparency Act/Anti-Money Laundering Act (CTA/AMLA), and

2. Main Street Alliance’s 2023 amicus curiae brief, submitted with partners, supporting the
CTA in the case NSBU v. Yellen in the U.S. District Court for the Northern District of
Alabama.

Thank you for the opportunity to submit a statement for the record. If you have any questions,
please contact Shawn Phetteplace (shawn@mainstreetalliance.org).

Sincerely,
Shawn Phetteplace

Director of Policy and Political Impact
Main Street Alliance
81

Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 1 of 24 FILED

2023 Apr-14 PM 01:48
U.S. DISTRICT COURT
N.D. OF ALABAMA

IN THE UNITED STATES DISTRICT COURT
FOR THE NORTHERN DISTRICT OF ALABAMA

NATIONAL SMALL BUSINESS UNITED,

Plaintiffs,

vs. Case No. 5:22-ev-01448-LCB

JANET YELLEN, in her official capacity as
Secretary of the United States Department
of Treasury, et-al.,

Defendants.

BRIEF OF AMICI CURIAE FACT COALITION,
TRANSPARENCY INTERNATIONAL U.S., AND
MAIN STREET ALLIANCE IN SUPPORT OF
DEFENDANTS’* MOTION TO DISMISS OR IN THE ALTERNATIVE
CROSS MOTION FOR SUMMARY JUDGMENT
82

Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23. Page 2 of 24

TABLE OF CONTENTS

Table of Authorities
Identity and Interests of Amici Curiae

I. The CTA is a Critical Step Toward Curtailing the Use of Anonymous Companies
A. Prior to the CTA, law enforcement lacked sufficient tools to curb the
B. The CTA provides the necessary tools to stop the exploitation of
ANONYMOUS COMPANICS. .....cecececeserenseceeesetetecseresaesennreensesiensbbenesnureeavanreenees 9

nen The CTA does not supplant the CDD Rule: with inferior requirements, .. 11
It The CTA’s Reporting Requirements Are Neither Unusual Nor Unprecedented. 13
IL... . Legitimate Small Businesses Benefit from the CTA... tic ceisscenseneetereeeeenneey 14
84

Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 4 of 24

FATF, Who We Are, https://www_fatf-

visited Mar. 30, 2023).. ; vwimstntyesctsnriecnncrscoees

Glob. Fin. Integrity, Acres of Money Laundering: Why U.S. Real Estate is a
Kleptocrat’s Dream (2021), https://gfintegrity.org/wp-

content/uploads/202 1/08/Acres-of-Money-Laundering-Final-Version-

Glob. Fin. Integrity, The Library Card Project: The Ease of Forming Anonymous
Companies in the United States (2019), https://gfintegrity.org/wp-

Hearing on Outside Perspectives on the Collection of Beneficial Ownership.
Information Before the S. Comm. On Banking, Housing, & Urban Affs.,
116th Cong. 6 (June 20, 2019) (statement of Gary Kalman, Exec. Dir.,
FACT Coal.), https://thefactcoalition.org/wp-
content/uploads/2019/06/Gary-Kalman-SBC-20190620- Written-

Huntsville-Madison Cnty Pub. Libr., Register for a Library Card,

http://catalog. hmep!.org/MyAccount/SelfReg (last viewed Apr. 3, 2023)... cece

Keeping Foreign Corruption Out of the United States: Hearing Before the S.
Permanent Subcomm. on Investigations of the S. Committee on Homeland

Sec, & Governmental Affs. 111th Cong. (2010) vececsscsstiscsseeeresssesccnrsvensanenebenerren

Letter from Sens. Sheldon Whitehouse et al., to FinCEN (May: 5, 2021),

16, 17

Press Release, U.S. Att’y’s Off. for E.D. Va., Security Contractors Plead Guilty
to Illegally Obtaining $31 Million From Contracts Intended For
Disadvantaged Small Businesses (Mar. 18, 2013),

Press Release, U.S. Att'y’s Off. for S.D. Fla., Nine Year Sentence for Alabama.
Man Convicted of Defrauding Military Sub-Contractor (Mar. 2, 2015), .

Press Release, U.S. Immegr. & Customs Enft, Former Colorado Police Officer ;
Sentenced for Selling Counterfeit Denver Broncos Merchandise (Jan. 25,

2017), https://www.ice.gov/news/releases/former-colorado-police-officer-

Small Bus. Majority, Small Business Owners Support Legislation Requiring
Transparency in Business Formation (Apr. 4, 2018),

iii
85

Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 5 of 24

https://smallbusinessmajority.org/our-research/government-
accountability/small-business-owners-support-legislation-requiring-

Thomas Pietschmann et al., U.N. Off. on Drugs & Crime, Estimating Hlicit
Financial Flows Resulting from Drug Trafficking and Other
Transnational Organized Crimes (2011),
analysis/Studies/Illicit financial flows 2011 web.pdf isi ccc lesesseedesesccnsessesseenesneaes 2

US. Dep’t of Just., Financial Action Task Force Report Recagnizes U.S. Anti-
Money Laundering and Counter-Terrorist Financing Leadership, but
Action is Needed on Beneficial Ownership (Dec. 1, 2016),

U.S, Dep’t of Treasury, National Strategy for Combatting Terrorist and Other
Illicit Financing (2022), bttps://home.treasury.gov/system/files/136/2022-
National-Strategy-for-Combating-Terrorist-and-Other-Illicit-

US. Deptt of Treasury, Treasury Strategic Plan 2022-2026 (2022),

U.S, Small Buss. Admin, Frequently Asked Questions (2012),

Emile van der Does de Willebois et al, World Bank, The Puppet Masters: How
the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do

About It (2011),
https://openknowledge.worldbank.org/server/api/core/bitstreams/e80259¢9

Janet Yellen, Sec’y, U.S. Dep't of the Treasury, Remarks at the Summit for
Democracy (Dec. 9, 2021), https://home.treasury.gov/news/press-

Janet L. Yellen, Sec’y, U.S. Dep’t of the Treasury, Remarks on Anti-Corruption
as a Comerstone of a Fair, Accountable, and Democratic Economy at the
Summit for Democracy, (Mar. 28, 2023),
86

Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 6 of 24

IDENTITY AND INTERESTS OF AMICI CURIAE

Amici are transparency organizations and a small business association that advocate for
increased transparency in the global financial system arid for policies that benefit small
businesses. Amici submit this brief to defend the Corporate Transparency Act’s beneficial owner
reporting requirements.

The Financial Accountability & Corporate Transparency (“FACT”) Coalition is a
non-partisan alliance of more than 100 state, national, and international organizations promoting
policies to build fair and transparent global financial systems and to combat money laundering,
terrorist financing, and illicit finance. Financial crimes and related misconduct are often
facilitated by the use of legal entities owned and controlled by individuals whose identities are
hidden. Such entities are frequently used to hide and launder illicit proceeds. The Corporate
Transparency Act of 2021, which the FACT Coalition worked to help enact, is designed to
eliminate entities with anonymous ownership from operating within U.S. borders by requiring
those entities to identify and disclose information about their beneficial owners. The FACT
Coalition therefore has an interest in defending the Corporate Transparency Act’s beneficial
owner reporting requirements.

Transparency International U.S. is part of the largest global coalition dedicated to
fighting corruption, partnering with businesses, governments, and citizens to promote
transparency and develop and implement effective measures to tackle and deter corruption.
Anonymous companies are frequently used to facilitate corruption and launder its proceeds
across the world. The Corporate Transparency Act, which Transparency International U.S,
helped to enact, will help prevent the use of anonymous companies to facilitate corruption by

requiring covered entities to identify and report information regarding their beneficial owners.
87

Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 7 of 24

Transparency International U.S. therefore has an interest in defending the Corporate
Transparency Act’s beneficial owner reporting requirements.

Main Street Alliance is a small business membership organization that advocates for and
engages with small businesses around issues that matter the most for businesses and their
employees. MSA believes that small businesses are harmed when they are forced to compete
with illegitimate businesses that commit fraud and other crimes through the use of anonymous
shell corporations. Requiring corporations to identify the real beneficial owners of the legal
entity will help law enforcement agencies to prevent such crimes, thereby reducing harms to
legitimate small businesses. MSA therefore has an interest in defending the Corporate
Transparency Act’s beneficial owner reporting requirements.

INTRODUCTION

Anonymous corporations play a central role in global money laundering and corruption.
According to the World Bank and the United Nations Office on Drugs and Crime, anonymous
companies were used in over 70 percent of grand corruption cases they reviewed to either carry
out the corrupt activity or to hide the proceeds of it.| These funds both flow from and sustain
illicit activities—from human and drug trafficking to evasions of U:S. sanctions by Russian
oligarchs and the Iranian Government—that threaten U.S. national security and harm ordinary

Americans. Despite the severity of the problem, fewer than | percent of global illicit financial

' See Emile van der Does de Willebois et al., World Bank, The Puppet Masters: How the
Corrupt Use Legal Structures to Hide Stolen Assets and What to Da About-It, (2011), available
at https://openknowledge.worldbank. org/server/api/core/bitstreams/e80259¢9-d3ca-Sd 1 6-adef-
fecQ2a3989dd/content. The Court may take judicial notice of the various intergovernmental and
agency reports cited throughout this brief. Dimanche v. Brown,.783 F.3d-1204, 1213 n.1 (11th
Cir, 2015) (“Absent some reason for mistrust, courts have not hesitated to take judicial notice of
agency records and reports.” (quoting Terrebonne v. Blackburn, 646 F.2d 997, 1000 n.4 (Sth Cir,
1981)).
88

Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 8 of 24

flows are seized annually.? The United States in particular is arguably “the best place to hide
and launder ill-gotten gains” because of the ease with which individuals can conceal their
identities when forming and using U.S. companies.* Further, the US. ‘reasury Department
estimates that illicit funds equaling at least 2 percent of U.S. GDP flow through the U.S.
financial system every year.*

To address this critical challenge, Congress enacted the Corporate Transparency Act
(“CTA”) of 2021 with strong bipartisan support and widespread eridorsemiént across the political
spectrum. In so doing, Congress found that the Act was necessary to protect U .S. national
security interests and to bring the United States into compliance with international standards for
combatting money laundering.» The CTA accomplishes those goals by requiring companies and
similar covered entities to identify their beneficial owners at the time of formation or registration
in the United States and to provide updates as ownership information changes. As explained in

detail below, these minimal disclosures yield substantial benefits to everyday Americans,

including small business owners.

* Thomas Pietschmann et al., U.N. Off. on Drugs & Crime, Estimating Ilicit Financial Flows
Resulting from Drug Trafficking and Other Transnational Organized Crimes 7 (2011),
https://www.unodc.org/documents/data-and-

analysis/Studies/Ilicit financial flows 2011 web.pdf. |

3 Janet Yellen, Sec’y, U.S. Dep’t of the Treasury, Remarks at the Summit for Democracy (Dec.
9, 2021), available at bitps://home.treasury.gov/news/press-releases/jy0524; see also U.S..Dep’t
of Just., Financial Action Task Force Report Recognizes U.S. Anti-Money Laundering and
Counter-Terrorist Financing Leadership, but Action is Needed on Beneficial Ownership (Dec. 1,
2016), available at https://www.justicé.gov/archives/opa/blog/financial-action-task-force-report-
recognizes-us-anti-money-laundering-and-counter (describing the United: States as a “safe
haven” for individuals looking to conceal their identities through the use of anonymous shell
corporations).

4ULS. Dep’t of Treasury; Treasury Strategic Plan 2022-2026 23 (2022), available at

5 Corporate Transparency Act, Pub. L. No. 116-283, § 6402(5), 134 Stat. 4604 (2021).

3
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Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 9 of 24

The Plaintiffs in this case disagree with the general consensus that the CTA was a vital
upgrade of American anti-money laundering laws. Overstating the costs to small businesses and
downplaying the Act’s contributions, Plaintiffs suggest that the. legislation cannot survive
rational basis review of various constitutional claims because the Act is “not a rational means to
achieve its stated goals.” Pls.” Mem. Law Supp. Mot. Summ. J. (Pls? MS!”) at 2,33. Among
other things, Plaintiffs assert that the CTA weakens the preexisting legal framework for
collecting beneficial ownership information, represents an unprecedented intrusion into privacy
rights, and will impose thousands of dollars of unwarranted costs on small buisingsses.

None of this is true. The CTA is a historic anti-money laundering step. that Congress
correctly understood would strengthen the ability of law enforcement—and the U.S. national
security and intelligence communities—to curtail the use of anonymous entities to commit
crimes. Moreover, the CTA’s reporting requirements are neither unusual, nor unprecedented. In
fact, most states collect more information when granting public library cards than is required
under the CTA. Finally, the CTA benefits small business owners by protecting them fron: unfair
and fraudulent competition, while imposing minimal costs.

Plaintiffs” arguments to the contrary do not withstand scrutiny. The Court should
therefore reject Plaintiffs” constitutional claims and grant Defendants’ Motion to Dismiss or, in
the alternative, their Cross-Motion for Summary Judgment.

ARGUMENT

I The CTA is a Critical Step Toward Curtailing the Use of Anonymous Companies
for Illicit Activity. so

Plaintiffs argue that “the CTA is not a rational means to achieve its stated goals,” Pls.’
MS] at 1, because the Act “does little to effectively combat financial crime and is inferior to...

existing” reporting requirements. Compl. 37. The.Court should reject these arguments.
90

Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 10 of 24

Contrary to Plaintiffs’ assertions, Congress has found—consistent with years of research from
United States agencies and intergovernmental bodies—that the CTA will significantly strengthen
law enforcement, national security, and intelligence efforts. In fact, as the Secretary of Treasury
Janet Yellen recently explained, the CTA is “the single most significant” step the United States
has taken to date to curb the abuse of anonymous entities to commit financial'and other crimes.®

A. Prior to the CTA, law enforcement lacked sufficient tools to-curb the abuse
of anonymous companies. ;

Anonymous companies are entities owned or controlled by individuals whose identities
aré hidden. That anonymity is often used to hide and launder the proceeds of domestic and
international crimes, including fraud, embezzlement, various other corruption crimes, and the
trafficking of humans, drugs, and arms.’ Such crimes not only distort markets, they also
“victimize[] ordinary Americans.”* For example, anonymous entities have been used to make
“real estate purchases . . . with the proceeds of foreign corruption that price American buyers
out” and to move “cash proceeds from fentanyl sales . . . that fuel the drug epidemic in the
United States.”? Anonymous entities are also used to commit fraud that harms legitimate small
businésses. In one recent example, an individual in Florida pled guilty in 2021-to using

anonymous companies to steal $24 million in COVID-19 relief money from the Paycheck

6 Janet L. Yellen, Sec’y, U.S. Dep’t of the Treasury, Remarks on Anti-Corruption as a
Cornerstone of.a Fair, Accountable, and Democratic Economy at the Summit for Democracy,
(Mar. 28, 2023), available at https://home.treasury.gov/news/press-releases/jy 1371.

7 Beneficial Ownership Information Reporting Requirements, 87 Fed. Reg. 59,498, 59,500 (Sept.
30, 2022) (to be codified at 31 C.F.R. pt. 1010).

8 U.S. Dep’t of Treasury, National Strategy for Combatting Terrorist and Other Ilicit Financing
Terrorist-and-Other-[llicit-Financing.pdf [hereinafter “2022 National Strategy”).
91

Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 11 of 24

Protection Program established by the CARES Act—money that was intended to ensure that
small business owners were able to continue paying their employees during the pandemic."

Anonymous companies likewise undermine United States foreign policy and national
security efforts. As explained in a recent rulemaking that implements the CTA, foreign nationals
frequently rely on anonymous companies to evade U.S. sanctions. For example, “in March
2021, the Department of Justice charged 10 Iranian nationals with running a nearly 20-year-long
scheme to evade U.S. sanctions on the Government of Iran by disguising more than $300 million
worth of transactions —including the purchase of two $25 million oil tankers—~on Iran's behalf
through front companies in California, Canada, Hong Kong; and the United Arab Emirates.""!
That scheme relied:on the use of "more'than 70 front companies." Similarly, “Russian elites,
state-owned enterprises, and organized crime, as well as the Government of the Russian
Federation have attempted to use U.S. and non-U.S. shell companies to evade sanctions imposed
on Russia” in response to that country’s unlawful invasion of Ukraine. ?

The abuse of anonymous entities has been prevalent in the United States, which is
regarded as “a safe haven for criminals ... looking to disguise their identities for nefarious
*'4 and is home to more corporations than any other jurisdiction.'> Studies have also

purposes

found that anonymous corporations created in the United States are likewise used more often'to

10 87 Fed. Reg. at 59,499.

"Id. at 59,503.

2 Id. at 59,504,

8 Jd. at 59,498.

4 ULS. Dep’t of Just., supra note 3.

'5 Glob. Fin. Integrity; The Library Card Project: The Ease of Forming Anonymous Companies

in the United States | (2019), available at https://gfintegrity.org/wp-
content/uploads/2019/03/GFI-Library-Card-Project.pdf.

6
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Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 12 of 24

facilitate corruption than entities formed in any other country." These statistics are explained by
the ease with which anonymous companies and other entities can be created or registered in the
United States, along with the lack of a centralized database of information about who
beneficially owns these entities.

Indeed, prior to the enactinent of the CTA, the ownership data available to law
enforcement was limited to information collected by states when corporations are created and—
beginning in 2018—-information reported under Treasury’s recently promulgated Customer Due
Diligence (“CDD”) Rule, which requires companies to report their beneficial ownership
information if and when they choose to open accounts at certain regulated financial institutions.'”
Contrary to Plaintiffs’ assertions that existing reporting requirements are sufficient, Compl. { 5;
Pls.’ MSJ at 2-3, neither source of information is adequate to bring anonymous companies out of
the shadows.

With respect to information collected by states, nearly all of these jurisdictions fail to
require companies to identify their beneficial owners at the time of formation. '* In fact, a 2019
analysis by the U.S.-based anti-money laundering think tank Global Financial Integrity revealed
that in all 50 states “a person needs to provide far more personal information to a state to obtain a
library card than to create a company” that can be used to facilitate tax evasion, money
laundering, fraud, and corruption.'? Most public libraries require proof that the applicant is the

same person who will ultimately control and use the card, including photo identification and

‘6 Emile van der Does de Willebois et al, supra note 1, at 34, 121 tbl. B3 (reviewing 128 cases of
“grand corruption” that were facilitated by shell corporations and finding that U.S. corporations
were used more often than corporations formed in any other country).

'7 87 Fed, Reg. at 59,500. :

'8 The Library Card Project, supra note 15, at 4.
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Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23. Page 13 of 24

documentation to verify the applicant’s address, such as a utility bill?° In contrast, none of the
50 states requites a company to report who ultimately owns or controls the company,!

As for the CDD Rule, the reported beneficial ownership information—and its availability
to law enforcement-—is limited in several critical ways. First, the information collected by the
CDD Rule “is not reported to.the Government{] and is not immediately available to law
enforcement, intelligence, or national security agencies.””? Second, the cbD Rule's definition
of “beneficial owner” is underinclusive because it requires companies to report only those
individuals who hold 25 percent or more of the equity interest. 31 C.F.R. § 1010.230(d)(1).
This limitation is significant—federal prosecutors have long identified bad actors who were not
the official owner of record of a U.S. entity, yet exercised control over its operations.** The
CDD Rule—unlike the CTA—therefore “omi[ts] . . . persons that have substantial control of a
reporting company . . . with the foreseeable consequence of allowing illicit actors to easily
conceal their ownership or control of legal entities.”?*

Third, the CDD Rule only collects beneficial ownership information from those
companies that choose to open accounts with certain covered financial institutions and only as of
the date the entity opens an account—not when it is formed, 31 C.F.R. § 1010.230(b)(1). As the
Treasury Department explained in the 2020 National Strategy for Combatting Terrorist and

Other Illicit Financing, the “lack of a requirement to collect beneficial ownership information at

°° Ted. at 4.

21 Id.

2 87 Fed. Reg. at 59,505.

3 See, e.g., Keeping Foreign Corruption Out of the United States: Hearing Before the S.
Permanent Subcomm. on Investigations of the S. Committee on Homeland Sec. & Governmental
Affs. 111th Cong. (2010) (case study involving Teodoro Obiang who-never owned yet
nevertheless exercised control over California entities formed by his legal counsel).

2 87 Fed. Reg. at 59,562.
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Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 14 of 24

the time of company formation” was one of “the most significant vulnerabilities in the United
States exploited by illicit actors.”*> Moreover, many entities do-not open accounts in the United
States—especially if their beneficial owners are from another country—and are therefore not
subject to the CDD Rule. This oversight allows anonymous entities to—among other things—
purchase U.S. real estate by wiring cash to a U.S. account held by the relevant real estate firm.
While the CDD Rule would require the bank to conduct collect beneficial ownership information
from the real estate firm itself—which holds the account—the bank would not be required to
collect information from the anonymous entity that is purchasing the real estate.?° ‘The CDD
Rule therefore left pronounced gaps in the fence it sought to erect around the U.S. financial
system.

B. The CTA provides the necessary tools to stop the exploitation of anonymous
companies.

Faced with the significant vulnerabilities left in place by state requirements and the CDD
Rule, Congress enacted the CTA. The-statute provides law enforcement with the tools it
previously lacked by requiring companies in the U.S. to report their beneficial ownership
information directly to the Financial Crimes Enforcement Network (“FinCEN”), a bureau within
the Treasury Department that is tasked with combatting financial crimes. 31 US.C.§
5336(b)(1). Going beyond the scope of the CDD Rule, the CTA requires such information at the
time of formation, registration, or—for entities that predate the CTA’s enactment-——-within 2

years of the law coming into effect. Jd. The CTA also makes that information available to law

25 U.S. Dep’t of Treasury, National Strategy, supra note 8, at 12.

26 See Glob. Fin. Integrity, Acres of Money Laundering: Why U.S. Real Estate is a Kleptocrat's
Dream 6-7 (2021), available at https://gfintegrity org/wp-content/uploads/202 1/08/Acres-of-
Money-Laundering-Final-Version-2021 pdf (explaining that real estate purchasés are frequently
used as.a money laundering vehicle).
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Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 15 of 24

enforcement under secure protocols, id. § $336(c)(2), and defines the term “beneficial owner™ to
include not only those individuals who hold 25 percent or more of ownership interests, but also
individuals who exercise substantial control over the entity, id. § 5336(a)(3).

These data collection requirements are widely regarded as a critical step towards
curtailing the use of anonymous companies to facilitate crime. As the text of the CTA itself
explains, “[fjederal legislation providing for the collection of beneficial ownership information
for corporations . ; . is needed to protect vital United States national security interests; protect
interstate and foreign commerce; [and] better enable .. . law enforcement efforts to counter
money laundering ... and other illicit activity.”?” These conclusions are.consistent with
remarks made by Senators Whitehouse, Grassley, Wyden, and Rubio, who have explained that
the “CTA marked the culmination of a years-long effort in Congress to combiat trioney
laundering, international corruption, and kleptocracy[.]”** The long campaign to bring the CTA
into existence was also joined by a wide array of other stakeholders, including the Treasury —
Department,”? various national security and law enforcement agencies,** and more than 130
organizations across the political spectrum that endorsed the legislation.*!

The CTA is also consistent with international standards established by the Financial
Action Task Force (“FATF”). Composed of 39 countries, the FATF is an intergovernméntal

body created to develop international standards for legal and regulatory measures—including

2” Corporate Transparency Act § 6402(5), 124 Stat. at 4604.

*8 Letter from Sens. Sheldon. Whitehouse et al., to FinCEN (May. 5; 2021), available-at
2005,04.202 Lpdf. ~

29 87 Fed. Reg. at 59,500.

3! BACT Coal., Coalition Members, https://thefacteoalition.org /about-us/coalition-members-and-
supporters/ (last visited Mar. 30, 2023). wl

10
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Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 16 of 24

beneficial ownership information requirements—that can effectively combat money laundering,
terrorist financing, and other threats to the international financial system. Prior to the CTA’s
enactment, the FATF specifically identified the lack of beneficial ownership information
requirements as a “fundamental gap” in the United States’ anti-money laundering regime.? And
in the text of the CTA itself, Congress explained that the legislation was designed to “bring the
United States into compliance with international [anti-money laundering] standards.”>*

C. The CTA does not supplant the CDD Rule with inferior requirements.
Notwithstanding this generally accepted knowledge, Plaintiffs argue that the CTA
undermines law enforcement efforts because the Act will “supplant existing beneficial ownership
reporting requirements under the CDD Rule” with “inferior” reporting requirements. Compl. {9

37-38. In Plaintiffs’ view, the CTA will weaken law enforcement efforts. because—-unlike the
CDD.Rule-—the CTA “requires no supporting documentation, no review of information, and no
third-party monitoring or reporting to FinCEN.” /d. § 39.

This attempt to second-guess Congress’s judgment fails for two reasons, First, the CTA
is designed to complement, not supplant, the CDD Rule. To that end, Congress expressly
directed the Treasury Secretary to collect information under the CTA “in a form and manner that
ensures the information is highly useful in . . . facilitat{ing] the compliance of the financial
institutions with .. . customer due diligence requirements under applicable law.” 31 U.S.C. §

5336(b)(1)(F)\(iv). While Congress directed the Treasury Secretary to “revise the [CDD] rule” to

= FATE, Who We Are, https://www.fatf-gafi.org/en/the-fatfAvho-we-are.html (last visited Mar.
30, 2023).

33 FATF, Anti-Money Laundering and Counter-Terrorist Financing Measures United States
Mutual Evaluation Report 4 (2016), available at https://Avww.fati-gafi.org/media/fatf/documents/

** Corporate Transparency Act § 6402(5)(E), 134 Stat. at 4604.

il
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Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 17 of 24

“bring the rule into conformance with” the CTA,* Corigress was explicit that “nothing in this
section may be construed to authorize the Secretary . . . to repeal the requirement that financial
institutions identify and verify beneficial owners of legal entity customers under. [the CDD
Rule]. Plaintiffs’ concerns that “the CTA will likely reduce the role of financial institutions
... in combatting financial crimes,” Compl. { 5, are therefore misplaced. And, as explained
above, the CTA will generally make data collection efforts more robust by expanding the
definition of “beneficial owner” and by collecting such information at the time of formation or
registration, Supra Part-1(B). In other words, the CTA adds law enforcement tools: it does not
detract from the existing framework.

Second, Plaintiffs are incorrect to assert that the CTA is inferior because it “requires no
supporting documentation” and “no review of information.” Compl. 139. As Plaintiffs
acknowledge, Compl. § 20, the CTA does require such documentation in the form of a “unique
identifying number from an acceptable identification document,” 31 U.S.C. § §336(b)(2)(A),
such as a United States passport; a state identification document; a driver’s licerise; or a foreign
passport.>’ Moreover, FinCEN’s implementing regulations make clear that the bureau will
review the submitted documentation for accuracy and authenticity. To begin, the-regulations
require applicants to “specify what jurisdiction issued the identification document” precisely so
that FinCEN can “ensure that the identifying number can be identified as unique aind valid.”8
Likewise, the rule requires applicants to submit an image of the document to “help confirm the

accuracy of the reported unique identification number” and to make it “harder to provide false

35 Id, § 6403(d)(1).

36 Id. § 6403(d)(2)(B).

37 87 Fed. Reg. at 59,519.
38 Ya,

12
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Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 18 of 24

identification information.”*’ To the extent Plaintiffs believe that FinCEN will be less equipped
to “review[], vet[], and verify[]” such information than “compliance staff of covered financial
institutions,” Compl. § 38, they offer no support for that argument.

IL. The CTA’s Reporting Requirements Are Neither Unusual Nor Unprecedented.

Plaintiffs are likewise incorrect in asserting that the CTA’s data collection isan
“unprecedented intrusion into individual privacy rights,” Pls.’ MSJ at 23, with “no obvious
analogues in the existing laws of all fifty States,” Compl. 33. Here, the CTA requires entities
who seek to avail themselves of a government service—i.e., incorporation—to disclose
information about their beneficial owners before accessing that service. Both federal and state
law are replete with similar requirements that applicants for other. government services disclose
information about the applicant’s identity.

In Alabama, for example, a driver’s license applicant must provide her full name, date of
birth, Social Security Number, telephone number, and e-mail address.*° Likewise, an aspiring
attorney who wishes to sit for the Alabama Bar Exam must provide—among other things—her
name, Social Security Number, other names used in the past, date of birth, marital status, and
residences for the preceding 10 years.*! Similarly, applying for a library card with the
Huntsville-Madison County Public Library (among many others) requires providing the

applicant's first and last name, date of birth, address, and contact information.” See also Defs.’

4 Ala. Law Enf't Agency, Driver Pre-Application, http://alabamad|.alea.gov/_/#4 (last viewed
Apr. 3, 2023).

4! Ala. State Bar, Character and Fitness Questionnaire,
hitpy//admissions.alabar.ore/browseform.action ?applicationiId=| &formid=724 (last viewed Apr.
3, 2023).

# Huntsville-Madison Cnty Pub. Libr., Register for a Library Card,

hitp://catalog. hmepl.ore/MyAccount/SelfReg (last viewed Apr. 3, 2023).

13
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Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 19 of 24

Br. Supp. Mot. Dismiss at 45 (noting that the federal government imposes similar reporting
requirements for income tax, SEC disclosures, and bank: deposits exceeding a certain arnount).
These examples make clear that there is nothing controversial about requiting individuals—
much less corporate entities—to disclose identifying information in order to avail themselves of
government services, such as the ability to create or register a legal entity.

Plaintiffs nevertheless insist that the CTA is unprecedented because none of the 50 states
require newly formed or registered corporations to report their beneficial owners. Compl. {33.
When looking for prior examples, however, the question is not whether the states previously
collected the exact information that Congress now seeks under the CTA. Rather, the question is
whether the federal or state governments have collected similar information in similar
circumstances. See, e.g., N.Y. State Rifle & Pistol Ass'n v. Bruen, 142 8.Ct. 2111, 2132 (2022)
(explaining that “analogical reasoning . . . requires a determination of whether the two
regulations are ‘relevantly similar’”). Both levels of government clearly have, as demonstrated
by the examples above. Moreover, to the extent the CTA’s reporting requirements are novel in
the specific context of disclosures by newly created or registered corporate entities, it is because
Congress has exercised its considered judgment that existing state disclosure requirements were
insufficient to combat money laundering and other financial crimes.”

I. Legitimate Small Businesses Benefit from the CTA.

Plaintiffs find ho more success in their attempt to assert that the “benefits of the CTA do
not justify the burdens it imposes on small business owners,” Compl. (37, which Plaintiffs

characterize as “profound and injurious,” id. § 32. Small business owners disagree.

‘3 Corporate Transparency Act § 6402(2) (noting that states do not require beneficial ownership
information); id. § 6402(5) (finding that federal legislation requiring such information is “needed
.., to counter money laundering ... and other illicit activity”).

14
100

Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 - Page 20 of 24

Ina 2018 poll conducted while Congress was considering the CTA, more than three-
quarters of small business owners expressed support for legislation requiring businesses to
divulge their owners’ true identities at the time of formation.’* In the same suiVey, 84 percent of
small business owners said that the use of anonymous companies to win contracts or obtain
government funding was a problem.**. In addition to facilitating unfair competition, afionymous
companies can also harm small businesses by undermining supply chains, creating difficulties in
finding responsible subcontractors, and providing cover for fraud.**

The fears eritertained by the small business owners who answered this survey are not
hypothetical, nor are they limited to schemes by foreign powers and global cyberscammers, as
Plaintiffs would have it. Pls.” MSJ at 33 (suggesting that Congress should have “limit[ed] the
CTA’s reporting requirements to non-U.S, persons”). In 2015, a man from Dothan, Alabama
was sentenced to nine years in prison for defrauding a government contractor through his
anonymous company.*” Similarly, in Virginia, two executives pled guilty to creating an
anonymous company that they used to fraudulently secure $31 million in federal government

contracts.** And in Colorado, fotir men used a network of more than 20 shell-companies to

# Small Bus. Majority, Small Business Owners Support Legislation Requiring Transpareney in
Business Formation (Apr. 4; 2018), available at https://smallbusinessmajority.org/our-
research/government-accountability/small-business-owners-support-legislation-requiring-
transparency-business-formation.

46 See FACT Coal., FACT Sheet: Small Businesses Are Harmed by Anonymous Companies (Sept.
17, 2019), https://thefactcoalition.org/fact-sheet-small-businesses-are-harmed-by-anoriymous-

“7 Press Release, U.S. Att’y’s Off. for S.D. Fla., Nine Year Sentence for Alabama Man Convicted
of Defrauding Military Sub-Contractor (Mar. 2, 2015), available at
military-sub-contractor.

48 Press Release, U.S: Att’y’s Off. for E.D. Va., Security Contractors Plead Guilty te Illegally
Obtaining $3] Million From Contracts Intended For Disadvantaged Small Biisinesses (Mav. 18,

15
101

Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 21 of 24

finance an illicit sports merchandise counterfeiting ring.” These are merely a few examples of
the enormous costs faced by legitimate businesses every year as a result of crimes facilitated by
anonymous entities. ° By supplying law enforcement with the means to prevent such. fraud, the
CTA benefits—rather than harms—legitimate small businesses.

Rather than acknowledge the CTA’s benefits, Plaintiffs overstate the Act’s costs,
claiming that small businesses will be forced to pay “thousands of dollars to attorneys to
navigate the statute’s labyrinthine reporting requirements.” Compl. § 34. As Plaintiffs tell it,
small business owners will need to consult attorneys to determine whether they qualify for
exemptions and to identify the beneficial owners of their businesses. /d.

These fears are misplaced. The U.S. Small Business Administration reports that
approximately 78 percent of all businesses in the United States are non-employer firms, meaning
that there is only one person in the enterprise.*! FinCEN estimates that such entities will spend
approximately $85 to prepare and submit an initial report to FinCEN.® As the bureau. points out,

such costs are “comparable to (and in some cases less than) the fees that states charge for

* Press Release, U.S. Immgr. & Customs Enf’t, Former Colorado Police Officer Sentenced for
Selling Counterfeit Denver Broncos Merchandise (Jan. 25, 2017), available at

hitos:/Awww.ice. gov/news/releases/former-colorado-police-officer-sentenced-selling-counter feit-

50 See id. (“Trafficking counterfeit goods is the second-largest illicit trade activity, valued at
roughly $250 billion. annually.”). ; ;

5! U.S, Small Buss. Admin, Frequently Asked Questions (2012),
hteps://www.sba.gov/sites/default/files/FAQ Sept_2012.pdf; see also Hearing on Outside
Perspectives on the Collection of Beneficial Ownership Information Before the S, Comm, On
Banking, Housing, & Urban Affs., 116th Cong. 6 (June 20, 2019) (statement of Gary Kalman,
Exec. Dir., FACT Coal.), available at hitps://thefactcoalition.org/wp-
content/uploads/20 19/06/Gary-Kalman-SBC-20190620-Writteni-Testimony-FINAL pdf.

*2 87 Fed. Reg. at 59,549,

16
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Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 22 of 24

creating a limited liability company, which vary from $40 to $500." And while entities with
more complex beneficial ownership structures may need to consult attorneys for an initial filing,

54. These numbers are

only “4.9 percent of reporting companies will have a ‘complex structure.
consistent with past experience in countries that have implemented similar laws. In the United
Kingdom, which maintains an analogous public register of companies’ real owners, the average
number of owners per business is 1.13, and the most common number of owners is one.55 An
analysis of the directory showed that more than 99 percent of businesses listed fewer than six

Plaintiffs’ suggestion that “many reporting companies” will have difficulty identifying
their beneficial owners is therefore misleading. Compl. { 34 (emphasis added). Moreover, for
those entities that do have more complex ownership structures, FinCEN has explained that such
companies “chose their structures recognizing that costs associated with legal and tax advice and
other filing and compliance obligations might be higher as a result.”°” From a practical
standpoint, then, it is difficult to see how owners with the resources to afford professional
assistance (e.g., lawyers, accountants, and others) when intentionally establishing a complex

ownership structure would simultaneously lack the resources to identify and report their

companies’ beneficial owners.

3 Hd.

33 Hearing on Outside Perspectives on the Collection of Beneficial Ownership Information,
supra note 51, at 5.

8 Id

57 Beneficial Ownership Information Reporting Requirements, 86 Fed. Reg. 69,920, 69,936 -
(Dec. 8, 2021).

17
103

Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 23 of 24

CONCLUSION

The CTA provides law enforcement an invaluable tool to fight domestic and global

money laundering, and it does so without imposing unreasonable costs on small businesses.

Through a de minimis disclosure at the time of a company’s formation or registration in the U.S.,

the CTA marginalizes bad actors, shores up national security interests, and creates a fairer

marketplace for legitimate competition. The Act represents a massive step forward in the United

States’ fight against money laundering, to the benefit of small business owners who have much

to lose without the Act’s protections.

Plaintiffs’ arguments to the contrary-—and their related assertions that the CTA cannot

survive rational basis review because the CTA is not a rational means of achieving Congress’s

goals—are wrong. The Court should therefore deny Plaintiffs’ motion and grant Defendants’

Motion to Dismiss or, in the alternative, Cross Motion for Summary Judgment.

Dated: April 14, 2023

tsi. Elliott Walthall

(ASB-2336-M76B)

J, ELLIOTT WALTHALL

FROHSIN BARGER & WALTHALL
100 Main Street

Saint Simons Island, Georgia 31522

Tel: 205.933.4006

Fax: 205.933.4008

Respectfully submitted,

/s/ Kristen P.-Miller

Kristen Miller (D.C. Bar No. 229627)*
Will Bardwell (D.C, Bar No. 90006120)*
Democracy Forward Foundation

P.O. Box 34553

Washington, DC 20043

(202) 448-9090
whardwell@democracyforward.org
kmiller@democracyforward.org
slev@democracyforward.org

Counsel for Amici Curiae

* admitted pro hae vice

18
104

Case 5:22-cv-01448-LCB Document 34 Filed 04/14/23 Page 24 of 24

CERTIFICATE OF SERVICE
- Thereby certify that on the 14th day of April 2023, I electronically served a copy of the
foregoing document on all counsel of record by filing it with the Court via CM/ECF, in accordance
with Local Rule 5.6.
Dated: April 14, 2023
o/ Kristen P. Miller
Kristen P. Miller

Counsel for Amici
June 26, 2020

RE: Anti-Money Laundering Act of 2020, Amendment to the National Defense
Authorization Act of 2021

Dear Majority Leader McConnell and Minority Leader Schumer,

The Main Street Alliance is a national network of small businesses who engage on
important public policy issues that work for business owners, their employees, and
the communities they serve. We represent 30,000 small business owners across
the country and write to urge you to support the “Anti-Money Laundering Act of .
2020” as an amendment to the National Defense Authorization Act. This bill, which
would help curb tax evasion, corruption, and fraud facilitated by anonymous shell
companies, is central to this mission.

The “Anti-Money Laundering Act of 2020” would require American companies to
disclose the identity of the actual people who own or control them (often:called the
“beneficial owners”). This simple act is critically important to those of us who have
seen or experienced the harm resulting from anonymous shell: companies.
Anonymously-owned companies or those whose owners are hidden, fuel
corruption, and corruption distorts markets. Shell companies win contracts on the
basis of false promises, rather than legitimate competitive advantage. Consider
the following:

« One couple created a string of anonymously owned companies and won
U.S. government contracts by submitting extremely low bids. They then
subcontracted to other businesses for the actual goods and services. The
couple received the fees from the government but never paid the
subcontractors. They shut down their anonymous company and set up new
ones, frustrating law enforcement investigations and creating new
opportunities to repeat the scam.’

‘FBI, Conspirator Sentenced to Prison i in $2.3 Million Government contract Fraud

n-government-contract-fraud-scheme: - US DOJ Press Release, Clinton Woman Pleads Guil ity in $2. 3
Million Government Contract Fraud Scheme
106

*« AU.S defense contractor used his position to.secure more than $1.1 million
worth of contracts for a Tennessee-based company that he secretly owned,
but his wife ran under her maiden name to hide their conflict of interest.’

« Anonymous companies are used by patent trolls to file lawsuits, costing the
companies they target $80 billion per year in lost profits and legal costs.
These lawsuits serve to squash innovation and harm fragile start-ups.®

Sadly, these are just a few of the countless examples of the harm caused by
anonymous companies.and the consequences for smail business. Whether losing
out on an initial contract or finding themselves on the fraudulent end of-a
commercial transaction, small. businesses cannot be expected to. compete with the
ever-changing scams perpetrated by the owners of anonymous companies.

Requiring secretive businesses to come out from the shadows will benefit small
businesses in several ways. It will reduce conflicts of interest and cronyism in.
contracting, as well as curb false billing of contractors and fraudulent certification
for small, disadvantaged, veteran, or disability-owned businesses. Furthermore,
ownership information will help prevent those who previously defrauded taxpayers
from establishing a new sham operation and winning new contracts. And speaking
for those businesses who honestly pay their taxes, it will make it harder for bad
corporate actors to gain advantage through tax evasion.

In short, transparency levels the playing field so that businesses will engage in
open competition based on product or service quality, organizational efficiencies,
and talent. That is a market in which we can compete.

Congress should quickly pass the Anti-Money Laundering Act of 2020 to end the

corrupt practices associated with anonymous companies and support a healthier
environment for small business.

Sincerely,
Amanda Ballantyne

Executive Director, Main Street Alliance

? United States Attorney's Office Eastern District of Virginia, Former employee of defense contractor and
wife.sentenced for conspiring to obtain millions in fraudulent scheme involving vehicle parts for Afghan
National Army, February 14, 2014, available

3 James Bessen, Jennifer Ford, & Michael J. Meurer, “The Private and Social Costs of Patent Trolls,”
Regulation 26, 2012.
107

ge) NATIONAL
COUNCIL
April 29 , 2024
The Honorable Roger Williams The Honorable Nydia Velazquez
Chairman, House Committee on Small Ranking Member, House Committee on
Business Small Business
2961 Rayburn House Office Building 2361 Rayburn House Office Building
Washington, DC 20515 Washington, DC, 20515

Dear Chairman Williams and Ranking Member Velazquez,

On behalf of the National Multifamily Housing Council (“NMHC”). and the National
Apartment Association (“NAA”) (the “Associations”) and their members: — owners,
managers, developers, and financiers in the nation’s multifamily housing industry, we are
writing to express our ongoing concern about the status of the implementation of the
reporting requirements of the beneficial ownership framework required as part of the
2021 Corporate Transparency Act (CTA). We appreciate your interest in this issue
through your hearing. entitled Under the Microscope: Examining FinCENs
Implementation of the Corporate Transparency Act being held on April 30, 2024.

We support the goal of preventing crimes such as money laundering and terrorism
financing, but we strongly believe a delay or at least a one year extension in
implementation is necessary to ensure the Financial Crimes Enforcement Network
(FinCEN) can implement the CTA’s requirements in a clear, transparent, efficient and
secure manner.

The CTA statute, adopted as part of the National Defense Authorization Act for Fiscal Year
20211, called for a reporting deadline of “not later than 2 years after the effective date of
the regulations” for existing entities. This timeframe was designed to give affected entities
sufficient time to learn of, understand and comply with the new reporting regime. The
two-year initiation period is in keeping with the legislation’s preamble which instructs
FinCEN to “seek to minimize burdens on reporting companies associated with the
collection of beneficial ownership information.”2

In its rulemaking, however, FinCEN shortened this deadline and gave existing entities
just one year to comply.3 That decision is problematic both. in its disregard of
congressional intent and its practical implications for CTA compliance rates. The CTA
covers tens of millions of legal entities plus all those millions of individuals defined as
their so-called “beneficial owners,” yet the vast majority of the law’s targets remain wholly

* PL. 116-283, William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021
2 Joid, Sec. 6403 (pp. 1225)
334 CFR 1010,380
108

MULTIFAMILY
4 HOUSING -
COUNCIL

unfamiliar with their new compliance obligations. They simply need time to learn about
the new law.

Filing under the CTA began on January 1, 2024 for the 32 million existing, qualifying
reporting entities, yet as of February 14 fewer than 2 percent of covered entities had
submitted their required:information to FinCEN4. At this rate, it will take more than ten
years for filings to reach FinCEN’s estimates of 32 million submissions.

One reason for this low compliance rate is that most business owners are ignorant of the
new law. A recent survey condicted by the National Federation for Independent Business
found that four out of five small business owners are “not at all familiar” with the new
reporting requirements.5..Meanwhile, as a Tax Notes. article highlighted, while the
accounting community is best positioned to educate their small business clients regarding
their filing obligations under the CTA, they are precluded from doing so it could constitute
practicing law without a license.

Both the business community and FinCEN have made strenuous efforts to‘educate small
business owners as.to their new obligations, but it:is obvious more time is needed.
Congress did not enact the CTA in order to turn millions of law-abiding small business
owners into felons.

Confusion around the. rollout will divert significant compliance resources for small
businesses trying to meet unclear and unreasonable deadlines. Our members, and other
businesses in the housing industry will face many challenges meeting the reporting
deadlines. Not only will this be harmful to industry participants, but also to families
seeking affordable housing. Notably, this is in opposition to. FinCEN’s commitment as
expressed in its September 29, 2022, Beneficial Ownership Information Reporting Rule
Fact Sheet that asserts “the rule aims to minimize burdens on small businesses and other
reporting companies.”

Further, stakeholders have ‘cited the limitations of FinCEN’s financial and staffing
resources, A delay will help relieve strain on FinCEN’s resources, allowing the agency to
ensure it can provide impacted entities with access to adequate support.

Given these factors, we respectfully request that Congress, FinCEN and the U.S.
Department of the Treasury take appropriate steps to delay further implementation or
extend the compliance date of the beneficial ownership information reporting

* Statement by Andrea M. Gacki, FiriCEN Director. Committee on Financial Services hearing, February 14, 2024.

5 National Federation of Indep Business Center. F ing Sales Survey, December 2023, pp. 5.

https://stranfibcom.blob.core. windows. net/nfibcom/Financing-Sales-Survey. pd!
109

NATIONAL

HOUSING
COUNCIL:

requirements. Bipartisan support led to the CTA’s enactment in 2021, and broad
bipartisan concern with the state of implementation should warrant action.

We look forward to continuing to work with policymakers on the implementation of the
CTA and other policies with impacts on the heusing industry. Thank you for your
attention to these concerns.

Sincerely,

Robert Pinnegar Sharon Wilson Géno
President & CEO President
National Apartment Association National Multifamily Housing Council
110

hb NFIB

555 12" St NW; Suite 100}
Washington, D.C, 20004

1-800-552-5342
NFIB.com

April 30, 2024

The Honorable Roger Williams
Chairman

Committee on Small Business
U.S. House of Representatives
Washington, D.C. 20515

The Honorable Nydia Velazquez
Ranking. Member

Committee on Small Business
U.S, House of Representatives
Washington, D.C. 20515

Dear Chairrnan Williams and Ranking Member Velazquez,

On behalf of NFIB, the nation’s leading small business advocacy organization, | write regarding
the hearing entitled, “Under the Microscope: Examining FinCEN’s tmplementation of the
Corporate Transparency Act.” NFIB’s nearly 300,000 small businesses appreciate the
opportunity to discuss their concerns with the burdensome beneficial ownership reporting
requirement and the need for Congress to repeal the poorly written, ambiguous Corporate
Transparency Act(CTA).

On January 1, 2021, the CTA was signed into law as part of the William M. (Mac) Thornberry
National Defense Authorization Act for Fiscal Year 2021.' In doing so, Congress imposed one of
the most expansive small business regulations in history as an amendment to an unrelated
and must-pass bill...

For many years, NFIB opposed Congressional efforts to impose these vague and arbitrary
reporting requirements on the smallest businesses. However, Congress ultimately ignored the
concerns of small businesses and rammed through a burdensome law that affects 32.6 million
small businesses in 2024-and 5 to 6 million small businesses every year thereafter, According
to FiInCEN, the regulatory. costs of the CTA is a whopping $22.7 billion in 2024 and $5.6:billion
every year after.?

‘TITLE LXIV-—-ESTABLISHING BENEFICIAL OWNERSHIP INFORMATION REPORTING REQUIREMENTS, William M.{ Mac) Thornberry
National Defense Authorization Act for Fiscal Year 2021, Public Law 116-283, January 1, 2021,

2 Beneficial Ownership information Reporting Requirements, Final Rule, Financial Crimes Enforcement Network, Septernber 30,
2022, httpsidAwww regulations gow/decument/ FINCEN-202 1-0005-0461.

4
111

According to a recent survey, 83 percent of NFIB members are not familiar with the beneficial
ownership reporting requirements that went into effect.on January 1, 20247 However, if these
businesses fail to comply with a law they overwhelmingly don’t know’exists; they could face up.
to a $10,000 fine and 2 years in prison.

Through the CTA, Congress has subjected tens of millions of law-abiding small business © .
owners acrass the country to criminal penalties for simple paperwork violations’ Members of
Congress often talk about reducing red tape for small businesses: However, Congress largely
ignores this massive new burden on small businesses it created in. 2021.

As more business owners become aware of these requirements and the pénalties for
noncompliance, the calls to repeal the CTA will increase. Thankfully, Senator Tommy Tuberville
and Representative Warren Davidson's Repealing Big Brother Overreach Act will repeal the vague
and burdensome law. Senator Tuberville and Representative Davidson understand this Is not
an agency implementation problem, it is a problem with the law that gave the government a
new, broad data collection and enforcement authority.

By introducing this legislation, Senator Tuberville and Representative Davidson have heard the
concerns of small business owners and are taking action. Small businesses are grateful for
their leadership-and hope the members of this Committee will cosponsor the legislation to
repeal the CTA. To further highlight the need to repeal.the CTA, please see the stories of small
business owners that are included with this statement. ; ;

NFIB appreciates your leadership to eliminate red tape for small businesses and encourages
you to repeal the Corporate Transparency Act. We look forward to working with you on ways to
provide small businesses relief during the remainder of the 118" Congress.

Sincerely,

Josh McLeod
Director, Federal Government Relations
NFIB

3 Holly Wade, Financing Sales Survey, NFIB Research Center, December 2023,
https://stranfibcom blob.core. windows net/nfibcom/Financing-Sales-Survey pdf

2
112

Company Name: Rendex, inc. T/A Integrated Services Group and Events
Location: North Haledon, Nj
Number of Employees: 2

fici rshi ct:

| ama micro business owner serving other small business owners.

help my clients with any administrative forms or requests they RECEIVE from the state, IRS,
their insurance companies, etc.

Unfortunately, none of us received a notification of this new requirement, One of my clients
learned about it on TIKTOK?! .

When | began researching this registration, there were two forms. | couldn't determine which
one to complete. | began contacting FINCEN by email, asking for a phone number, help and/or
an explanation of each form.

| only received form letter responses, no phone number and no assistance to complete a form
asking for information it seems is readily available from any state or federal tax return or
incorporating documents. AND, now there seems to only be one form.

My clients can barely afford to pay me, especially since the government obliteration of small
business during COVID, now, we are expected to find time and money to complete this
redundant registration that we found accidentally.

Hasn't small business been through enough? We can't afford employees with the increase in
minimum wage, supplies, taxes and insurance, and now we spend. our day filling out reports.
Why wasn't this better communicated? Why was it only advertised on TikTok? Why didn't
businesses receive a professional letter in the mail? Learning about it the way | did made me
think it was a scarn or is this a way to purposely keep businesses owners uniformed so that
they end up paying a fine? Who will help and why is it necessary? Why isn't there a phone
number to reach someone to answer questions and assist with complying with this new order?
Lastly, in searching for more information, | read that in March, it was [correctly] deemed
unconstitutional, So, is it still required?
113

Company Name: Brady's Plant Ranch, LTD
Location: idaho

We are a small family farm.

We already report and pay taxes, corporate taxes, unemployment taxes, payroll taxes, sales
taxes, corporate filings, state licenses, insurance premiums, etc. We have no accountants or
lawyers on retainer. They help on an as-needed basis. We just dont have the money for such.

Here is another level of bureaucracy trying to essentially put us out of business. We employ
more stay-at-home moms, teenagers, and entry-level people than any other business in our
local area. This BOI reporting is literally a slap in the face, if not an uppercut, to alittle business
trying to provide a community service.

We are seriously approaching the “straw that breaks the camel's back” so to speak. And what is
magic about 20 employees? Please give us a break. Thank you.
Company Name: Data Comm for Business, Inc.
Location: Illinois, Texas
Number of Employees: 12

The BOI is duplicative, expensive, burdensome, unnecessary. The BOI reporting requirement is
a disincentive to creating a business. just one more thing to distract a business from doing its
business.

The BOI requirement is duplicative of information available in personal and corporate tax
returns, FINCEN from 104 reporting, publicly available incorporation information.

The BOI requirement for a new FINCEN ID (12-digit number) is duplicative of FEIN and SSN
numbers,

The website for BOI has the insulting implication in its heading of assumption of guilt. The
heading is “FINANCIAL CRIMES ENFORCEMENT NETWORK".

The Federal Register reporting costs to corporations initially and annually totals billions of
dollars and are understated in the analysis. The FinCEN estimate of $85.14 to prepare and
submit an initial BOL report is grossly understated. The Q&A at this web link
(httos:/Awww.fincen.gov/bol-faqs#D_1) requires a man-day to read and digest. There are 98
points A to O each elaborated with hundreds of words of text, tables, and flow charts. The
Federal Register comments alone are 100 pages plus about 446 footnotes. A man-week to just
understand this is a more reasonable estimate of cost.
Company Name: Grazing Systems Supply, Inc.
Location: Batesville, Indiana
Number of Employees: 4

As a part-time Agriculture Supply Business humbly beginning 35 years ago it quickly turned
into our full-time occupation. We continue to supply customers and do community service.
We, like the majority of small businesses, are making a living but far from being rich, We work
more hours per week than any Federal Government employee, pay our bills, pay our taxes,
play by the rules and follow the law. We battle the competition, the economy, the markets, the
weather and the out-of-control Federal Government regulations.

Concerning Beneficial Ownership Information Reporting (BOIR), what's "Beneficial" to small
businesses or the American public about having another federal regulation to deal with? And
NOW a small business with two locations located in two small towns in Indiana with 4
employees and one bank account needs to be over-seen by the Financial Crimes Enforcement
Network of the U.S. Dept. of the Treasury. BOIR isn't about bad actors, ill-gotten gains, shell
companies or money laundering because the IRS already knows that information by accessing
our tax returns and bank records. This IS all about government control and the destruction of
small businesses. 95% of the small business community has neither the resources, lawyers,
accountants or time to-deal with it all.

My final thought about BOIR comes from a sentence taken from our Declaration of
Independence, The writers were referring to the King of Great Britain as “He”. But substituting
“our Federal Government” in place of "He", | quote: “He has erected a multitude of new offices
and sent hither swarms of officers to harass our people and eat out their substance.”
116

SBIA Statement for the Record
for the

U.S. House Small Business Committee
hearing entitled

“Under the Microscope: Examining FinCEN’s Implementation
of the Corporate Transparency Act”

2360 Rayburn Building at 10:00AM

April 30, 2024

Brett Palmer
President
Small Business Investor Alliance (SBIA)

SMALL BUSINESS
INVESTOR ALLIANCE
117

On behalf of its members, the Small Business Investor Alliance (SBIA) submits the following statement
for the record of the Small-Business Committee hearing entitled “Under the Microscope: Examining
FinCEN’s Implementation of the Corporate Transparency Act.”

Introduction

On July 24, 2023, SBIA sent the attached letter to federal regulators concerning the treatment of Small
Business Investment Companies (SBICs) and Rural Business Investment Companies (RBIC) requesting
confirmation that SBICs, RBICs, their general partners and investment advisors (collectively, the
“Regulated Investment Entities”) qualified for exemption under the Corporate Transparency Act of 2021
(CTA). If regulators could not provide such confirmation, SBIC requested an-express exemption for the
Regulated Investment Entities pursuant to 31 USC 5336(a)(11)(B)(xxiv) because requiring BOI reporting
by these entities would neither serve the public interest, nor be highly useful in national security,
intelligence, or law enforcement efforts to detect or deter money laundering, financial terrorism, or other
related serious tax and financial crimes.

At this time, federal regulators have not confirmed the Regulated Investment Entities. are exempt nor
granted an express exemption.

SBIA would like to thank the Committee for holding this important hearing to explore implementation of
the CTA and would welcome the chance to work together on this matter going forward.

SBIA Letter to Regulators regarding CTA

See attached below.
118

July 24, 2023

BY ELECTRONIC TRANSMISSION

Ms. Heidi Cohen,

Regulatory Affairs Senior Counsel
Office of the General Counsel
U.S. Department of the Treasury
1500 Pennsylvania Ave., N.W.
Washington, D.C, 20220

RE: « Corporate Transparency Act (CTA)— Exceptions
Dear Ms, Cohen:

On behalf of its membership, the Small Business Investor Alliance (“SBIA”) urges the U.S. Department of
the Treasury (“DOT”), in concurrence with the Justice Department (“DOJ”).and Department of Homeland
Security (“DHS”), to confirm that all Small Business Investment Companies (“SBICs”) and Rural Business
Investment Companies (“RBICs”), as well as their general partners and investment advisors (collectively,
the “Regulated Investment Entities”), qualify for exemption under the Corporate Transparency Act of 2021

The SBIA is the national organization that represents small business funds and their investors, including
SBICs, some non-SBICs, business development companies (“BDCs"), and the mary banks and capital
providers that invest in them. These funds make important. economic developmient.contributions to
domestic job creation, retention, and improvement, including in under-served areas and among under-
represented groups, and can provide a valuable vehicle for first-time fund managers, including founders of
color and other emerging managers that focus on investments in small businesses.

For the reasons stated below, the SBIA urges you to confirm as soon as possible:

1 The CTA is Tithe LXTV of the William M. (Mac) Thomberry National Defense Authorization Act for Fiscal Year 2021, Public
Law 116~283 (Jan. 1, 2021) (the NDAA). Division F of the NDAA is the Anti-Money Laundering Act of 2020, which includes the
CTA. Section 6403 of the CTA, among other things, amends the Bank Secrecy Act (BSA) by adding a new section 5336, Beneficial
Ownership Information Reporting Requirements, to subchapter I] of chapter 53 of title 31, United States Code.
119

(1) that all SBICs and RBICs are permitted to rely on the exclusion from beneficial ownership (“BOI”)
reporting under the CTA pursuant to 31 USC 5336(a)(11)(B)(xviii);

(2) that all entities formed exclusively to act as the general partner of one or more SBICs.or RBICs are
permitted to rely on the exclusion from BOI reporting under the CTA pursuant to 31 USC

(3) that all entities formed:-to act as the investment adviser/manager of one or more SBICs or RBICs
are permitted to rely on the exclusion from BOI reporting under the CTA pursuant to 31 USC

Alternatively, if you cannot confirm such exclusions noted in items (1) ~ (3) above, the SBIA urges
you to grant an express exemption for the Regulated Investment Entities pursuant to 31 USC
5336(a)(11)(B)(xxiv) because requiring BOI reporting by these entities would neither serve the public
interest, nor be highly useful in national security, intelligence, or law enforcement efforts to detect or
deter money laundering, financial terrorism, or other related serious tax and financial crimes.

Overview of the SBIC and RBIC Programs

SBICs are licensed, regulated and examined by the U.S. Small Business Administration (“SBA”). SBICs
invest exclusively in domestic small businesses, which by statutory mission provide capital that is otherwise
unavailable or in short supply to small businesses.” The SBIC program is in its seventh decade of operation.
Congress established the SBIC program:

to improve and stimulate the national economy in general and the small-business segment thereof
in particular ... to stimulate and supplement the flaw of private equity capital and long-term loan
funds which small-business concerns need for the sound financing of their business operations and
for their growth, expansion, and modernization, and which are not available in adequate supply.
I5 U.S.C. 662.

RBICs are licensed, regulated and examined by the U.S. Department of Agriculture (“USDA”). The RBIC
program is a developmental venture capital program operated for the purpose of promoting economic
development and the creation. of wealth and job opportunities in non-metropolitan areas and among
residents living in those areas?

2 Small Business Investment Act of 1958, Pub. L. 85-699 (Aug. 21, 1958) (15 U.S.C. 661 ef seq.) SBICs may invest in a domestic
“small business,” as defined under federal law, which does not engage in foreign activities (Z¢., more than half of employees and

assets must be located within the United States) and is not engaged in a “prohibited t * (e.g., passive businesses, real estate
busi farmland pureh . project fi i foreign in iated suppli ing li ar busi
contrary fo the public interest, See 13 C.F.R. 107.720.

S15 USC 2009c0-1 (“The purposes of the Rural Busi i Program blished under this subchapter are ... fo promote

economic development and the creation of wealth and job opportunities in rural areas and among individuals living in thase areas
by enco: ing deve capital i in smaller enterprises primarily located in rural areas....”)
120

In order to receive a license to operate as an SBIC or an RBIC, an investment fund-must submit extensive
information to the SBA or the USDA, as applicable, regarding the individuals and entities that will own
and control the Regulated Investment Entities.‘ In fact, all owners of the Regulated Investment Entities are
required to be disclosed to the SBA along with certain information on such owners, including but not limited
to their primary residential or business address and their social securities or employer identification number,
as applicable. Moreover, any investor in an SBIC or RBIC that owns 10 percent (10%)or more of the
SBIC/RIBC’s private capital, must also disclose each of its 10 percent (10%) or more owners (the “Tier 2
Qwners”), and each Tier 2.Owner must disclose each of its respective 10. percent (10%) or more owners,
and so forth. In addition, FBI background checks are performed on each person that will control an
SBIC/RBIC.

In addition to the information that is required to be disclosed in order to be granted an SBIC/RBIC license,
there is ongoing regular reporting requirements to the SBA/USDA regarding fund operations, investments,
and all of the investors in the fund, including the look-through ownership information described in the
paragraph above. The prior written approval of the SBA/USDA is required to add any new investor of 10
percent or more of the SBIC/RBIC and for any changes of control of the general partner or investment
adviser of the SBIC/RBIC. In addition, the SBA/USDA conducts frequent examinations for regulatory
compliance on all SBICs and RBICs. °

The Federal Government, therefore, already has all of the beneficial ownership and control information on
the Regulated Investment Entities that is necessary pursuant to the BOI reporting obligations of the CTA.
Subjecting SBICs and RBICs to the CTA’s BOI reporting requirements would not only be duplicative but
would pose additional administrative and capital burdens on these entities that serve to fill gaps in the
capital markets for U.S. small business owners.

Arguments for CTA Exemption

The purpose of the CTA is to support federal efforts to prevent criminals from laundering illegal monies
through the U.S, financial system. Congress adopted 23 exceptions from the CTA’s BOI reporting
requirement because the exempted categories cover entities that already are subject to federal regulation or
are required to provide BOI to a governmental authority. The statute also authorizes the Secretary to
exempt, by regulation, additional types of entities for which collecting BOI would neither serve the public
interest nor be highly useful in national security, intelligence, and law enforcement agency efforts.‘

It is reasonable to conclude that the Regulated Investment Entities were intended to be exempt pursuant to
the existing exemptions, but that an oversight has resulted in the omission of some but not all of them.
Specifically, 31 USC 5336(a)(11)(B)(xi) excludes from BOI reporting investment advisers described in
Section 203(1) (15 USC 80b-3()) of the Investment Advisors Act of 1940 (the “1940 Act”) if they file
certain parts of Form ADV.’ When an investment adviser advises some SBIC/RBIC funds and also some

§ See, e.g. 13 CFR. 107.350 (Evaluation of License Appli }; 13 CFR 107.400-410 (Change of Control/Ownership); 13 CFR
107.460 (Restrictions on Common Control/two-er more owners); 13 CFR 107.475 (Transfer of License); 13 CFR 107.510 (SBA
Approval of Licensee's In Advisor/Manager).

5 See 13 CFR 107 Subpart F (107,600-107.692) (Recordkeeping, Reporting and Examination Requi for Licensees).

743 U.S.C. 5336(@)C DBD.
121

venture capital funds, it is encompassed within Section 203(1) and is required to file parts of the Form ADV
with the SEC as an exempt reporting adviser.®

However, when an investment adviser advises only SBICs/RBICs (and not any additional venture capital
funds), it technically falls under a different section, 15 USC 80b-3(b)(7)-(8), and is exempted from filing
as an exempt reporting adviser.” This makes sense because when this legislation was drafted, it was taken
into consideration that advisers of enly SBICs/RBICs were already reporting to the SBA and thus,
additional reporting to the SEC as an exempt reporting adviser was unnecessary. In other words, the
required filing as an exempt reporting adviser for those that also advised venture capital funds was needed
because there was not otherwise any reporting on those venture capital funds.

As such, if 31 USC 5336(a)(1 1)(B)(xi) were interpreted to cover all relevant statutory references including
those currently missing from the CTA statute but listed here in bold and italic font, then all of the Regulated
Investment Entities would be exempt:

“(xi) an investment adviser—

63) described in section 203(1), 203(b)(7)-(8) or 203(m) of the Investment Advisers Act of
1940 (15 U.S.C. 80b-3(1), 3(6)(7)-(8), 3(m)); and

dap that has filed or is exempt from filing Item 10, Schedule A, and Schedule B of Part 1A of
Form ADV, or any successor thereto, with the Securities and Exchange Commission;”

We assert there is a strong argument supporting the position that Congress did not expressly mention SBICs
and RBICs in its list of exclusions under the CTA because it was believed they were already included in
the exemptions by reference to Section 203(1). Exempting some, but not all SBICs/RBICs unintentionally
creates a bifurcated regulatory structure based on corporate form, not function; therefore, all SBICs/RBICs
should be exempt because they are already subject to direct federal regulation.

It seems that the omission of certain SBICs and RBICs and their governing Regulated Investment Entities
by Congress was likely an oversight given the relatively small size and scale of the SBIC and RBIC
programs and the nuanced underlying statutory patchwork of Section 15 USC 80b. Further, because these
investment funds already disclose the beneficial owner and control information to the Federal Government,

® Exempt investment advisors are still required to file Parts 1A (1-3; 6-7; 10-11) along with any corresponding schedules of Form
ADV with the SEC pursuant tol5 USC 80b-3(1)(1)-G).

231 USC 5336(a)(1 1)(B){xi). Congress, in the 1940 Act, expressly defined investment advisors who need not be registered to
include those whe solely advise SBICs and RBICs. 15 USC 80b0-3 (b){(7)-(8).

10 Another exaniple of this bifurcation involves certain SBICs and RBICs that qualify for exemption under the CTA because they
are subsidiaries of in compani that are exempt, or an SBIC is bank-owned. BDCs, for instance, would qualify under
the CTA’s “pooled in _ i they are i panies defined under the Investment Company Act
of 1940 and regulated by the Securities and Exchange Commission. A BDC may own an SBIC fund and, as a “sidecar” entity,
the SBIC may secure exemption under the CTA’s “subsidiary” exemption. SBICs owned by banks, which are subject to separate
federal regulatory scrutiny, would also qualify for CTA exemption. 31 U.S.C. 5336(a)(11)(B) (xviii) and (xxii).
122

applying CTA’s BOI reporting requirements would neither serve the public interest nor be highly useful in
national security or related law enforcement efforts.

Therefore, we urge you to confirm that all of the described Regulated Investment Entities are excluded from
the BOI reporting obligations of the CTA.

As always, SBIA appreciates the invitation to discuss these issues and looks forward to the opportunity to
work together to ensure America’s small businesses have access to the capital they need.

Sincerely,
Brett Patuer

Brett Palmer

SBIA President
123

SMALL BUSINESS
MAJORITY

WRITTEN STATEMENT FOR THE RECORD BEFORE THE U.S. HOUSE
COMMITTEE ON SMALL BUSINESS

UNDER THE MICROSCOPE: EXAMINING FINCEN’S IMPLEMENTATION OF THE
CORPORATE TRANSPARENCY ACT

April 30, 2024
John Arensmeyer
Founder & CEO, Small Business Majority

Dear Chairman Williams, Ranking Member Velazquez and members of the U.S. House Committee on
Small Business:

As a leading representative of America’s 33 million small businesses, Small Business Majority is pleased .
to provide written testimony to the U.S. House Committee on Small Business regarding the U.S.
Department of the Treasury's Financial Crimes Enforcement Network’s (FinCEN) implementation of the
Corporate Transparency Act (CTA).

Small Business Majority is a national small business organization that empowers America's diverse
entrepreneurs to build a thriving and equitable economy. From our nine offices across the country, we
engage our network of more than 85,000 small businesses and 1,500 business and community
organizations to deliver resources to entrepreneurs and advocate for public policy solutions that promote
inclusive small business growth, Our work is bolstered by extensive research:and deep connections with
the small business community that enables us to educate stakeholders about keys issues impacting
America’s entrepreneurs, with a special focus on the smallest businesses and those facing systemic
inequities.

Our rapidly evolving economy has seen a rise in corporate fraud and corruption in recent years, which is
why it is critical that our nation’s small businesses have the protections necessary to compete on a level
playing field. The enactment of the CTA in 2021 was an encouraging first step in addressing this
important issue for small businesses, instilling confidence in our job creators and providing greater
transparency in business formation. In fact, Small Business Majority’s research found that more than two-
thirds of small business owners were supportive (77%) of legislative efforts to require businesses to list the
identity of their owners. What's more, an additional 76% said they believed that transparency in business
formation would benefit small businesses by protecting them from contract fraud and giving them fair
access to government set-asides (76% agree).?

The CTA effectively established the Beneficial Ownership Information (BOI) reporting through the U.S.
Department of Treasury’s FinCEN, a law designed to help prevent and combat money laundering,
corruption, and tax fraud. Therefore, Small Business Majority is committed to ensuring small businesses
have access to the information and educational resources necessary to comply with FinCEN’s BOT
reporting requirement, which went into effect on January 1, 2024.

+*Small business owners support legislation requiring P in busi formation.” Small Business Majority. April 4, 2018.

2 Thid.

1015 15th Street NW, Suite 450, Washington, DC 20005 | (202) 828-8357 www. smnallbusinessmajority.org
124

Small Business Majority conducted nationwide polling to understand the sentiment around BOI
reporting, which found that 58% of surveyed_entrepreneurs were aware of the new requirement.3 The poll
also found that as of January 31, 2024, 44% of business owners had filed the BOI reporting. Of those who
had already filed, more than two thirds (68%) said they found it easy-to file, and only 18% found it
difficult to complete. This underscores the need for more education and awareness around BOI reporting,
as a significant number of small businesses are still not aware of FinCEN’s new BOI reporting; with some
finding it difficult to file.

To ensure small businesses continue to gain awareness of the new reporting requirements, FinCEN must
prioritize outreach campaigns, which should include information about the definition of a reporting
company and “beneficial owner,” reporting deadlines, and step-by-step reporting instructions to all
relevant parties. We encourage FinCEN to partner with business trade associations and organizations,
such as Small Business Majority, to notify small businesses of the new disclosure requirements. Small
Business Majority provides easily accessible, straightforward and unbiased education and resources to
help small business owners navigate entrepreneurship. In partnership with FinCEN, we can reach small
business owners and help guide them through the BOI reporting requirement ,and help them understand
what information they are required to submit and how they can do so. Optimizing outreach and
implementation efforts to reach small businesses, who.may not otherwise be aware of the new
requirement, will be critical to the success of the disclosure requirement and its anticipated impacts'on
corporate transparency.

As outlined in our previous comments in response to FinCEN’s 2021 notice of proposed rulemaking
(NPRM) for BOI reporting requirements, Small Business Majority encourages FinCEN to prioritize the
following recommendations on the rollout of this requirement to reflect the needs of small businesses.4

1. Give ample notice to businesses regarding new reporting requirements

Small business owners should be given plenty of opportunities through FinCEN, state and local
gover! and b associations partnering with FinCEN, to learn about new disclosure
requirements. FinCEN can achieve this through collaboration with other federal entities, such as
the Internal Revenue Service and the U.S. Small Business Administration, and state entities, to
ensure that businesses receive written and electronic communications notifying them of new
reporting requirements.

2, Minimize compliance costs through collaboration with states

FinCEN can minimize small business compliance costs by seamlessly integrating BOT filing into
existing state-level incorporation processes. Doing so will require materials and personnel to
disseminate information on filing and help states quickly answer questions from filers.

3. Leverage technology to minimize business costs during filing

FinCEN should incorporate modern technology that can ensure consistency and accuracy of
information as it is entered into the database. Ensuring real-time accuracy will save businesses
from later having to rectify inconsistencies when opening a bank account or applying for a loan,
or other financing.

‘To ensure FinCEN is equipped with the necessary funding and resources to implement BOI reporting and
prioritize outreach efforts to small businesses. nationwide, we urge Congress to support the President’s FY
2025 budget request of $216 million for the bureau, a $26 million increase from the FY 2023 level. We
also encourage Congress to set aside a portion of this funding to raise awareness of BOI reporting and to
ensure small business owners have what they need to remain in compliance with the new law.

3 “Small business owners share their experi with new ficial O1 shi i n reporting requirements.” Small
Business Majority. February 15, 2024. https://smalibusii jority.org/< h wners-share-their-
experi ‘busi hip-i i ti i
cs & on the ad d notice of proposed ing for ial O hip Information reporting requirements.” Small
Business Majority. May 4, 2021. . https://smallt i jority.org/sites/default/files/policy-docs/SmallBusinessMajority-.
ANPRM-V3.pdf.
Small Business Majority . 2

www.smallbusinessmajority.org
125

We thank you for the opportunity to comment on these critical issues and welcome the Committee’s
efforts to ensure FinCEN is imeeting the needs of America’s small businesses. For any questions or
additional information, please contact Government Affairs Director, Alexis T’Amato at

Sincerely,

John Arensmeyer
Founder & CEO
Small Business Majority

Small Business Majority 3 .
126

& -_ | Associated
*~ | Associate:

YABC | Builders and
° | Contractors

April 30, 2024

The Honorable Roger Williams Nydia Valazquez

Chair Ranking Member

House Committee on Small Business House Committee on Small Business
U.S. House of Representatives U.S. House of Representatives
Washington, DC 20515 Washington, DC 20515

Dear Chairman Williams, Ranking Member Valazquez and Members of the House Committee on Small Business:

On behalf of Associated Builders and Contractors, a national construction industry trade association with 68
chapters representing more than 23,000 members, | appreciate the opportunity to comment on today’s hearing,
“Under the Microscope: Examining FinCEN's Implementation of the Corporate Transparency Act.” The majority of
ABC's general contractor and subcontractor members qualify as smail businesses as defined by the Small
Business Administration and the industry consistently has one of the highest concentrations of small business
participation.

On Jan. 1, 2021, Congress enacted the CTA into law, establishing a new framework for the reporting,
maintenance and disclosure of beneficial ownership information in order to better enable critical national security,
intelligence and law enforcement efforts to counter money laundering, the financing of terrorism and other illicit
activity. Much to ABC’s concern, the U.S. Department of Treasury's Financial Crimes Enforcement Network's
efforts to implement the CTA would require millions of small businesses, including nearly every employer with 20
or fewer employees, to report personal information of their beneficial owners and update that information
periodically throughout the life of the business. As noted in ABC’s comments, FinCEN’s proposed rule also fails to
consider that most small businesses do not have the means to understand the reporting obligations in the CTA,
and therefore risk significant fines and possible imprisonment for their inability to comply.

On March 1, after a legal battle led by the National Small Business Association and supported by the S-
Corporation Associates of America and the members of the Main Street Employers Coalition, including ABC, a
federal judge for the Northern District of Alabama Northeastern Division ruled that the CTA is unconstitutional.
The decision, however, only applies to members of the NSBA, and all other businesses are still required to
adhere to the CTA’s filing requirements. While encouraged by the court’s ruling, ABC is disappointed that the
decision is limited only to the plaintiffs in the case and calls on the committee to examine the ruling's impact.

ABC believes that not only does the CTA place increased compliance burdens and consequences on small
businesses, but also represents an overstep of Congress's constitutional limits in issuing the CTA; therefore, a
stay in enforcement of the law should include all affected parties.

ABC appreciates the committee's efforts to provide additional clarity to the business community as they cope with
undue requirements and regulation and looks forward to our continued work toward improving the playing field for

America’s small businesses.

Sincerely,

Kristen Swearingen
Vice President, Legislative & Political Affairs

440 First St., N.W., Suite 200 | Washington, DC 20001 | (202) 595-1505 | abc.org
127

Carol Roth
April 30, 2024

Official Statement for the Record
To the House Small Business Committee

Ladies and Gentlemen,

To accompany my witness testimony, | am officially submitting this written statement for the
Congressional record on the Corporate Transparency Act Beneficial Ownership information (“CTA BOI”)
rule and its damage to individual rights and small businesses across America, in hopes that you will lead
the charge to quickly and swiftly overturn it.

in addition to my own words below, | have included in the pages that follow statements from more than
440 small business owners and supporters from across the United States, all sharing their point of view
on why this unfair and unconstitutional rule should be immediately repealed.

These statements were submitted to me both directly via email and through a form on my website over
a couple-week period in April 2024, 1 am submitting them with the permission of those who have taken
the time to submit, and | am submitting them “as is”; that is, | have not made any corrections to their
main text, even for spelling or grammar. I have, in some cases, aligned the spacing for visibility and
taken out notes or additions that were not intended as part of a letter submission.

A few of the letters are addressed to or reference me directly, knowing that | was representing their
voice, and | have left that in their statements if submitted that way.

A handful of these statements include people who have submitted separately for each of their multiple
businesses. A handful also include co-owners of businesses who submitted their statements separately.

These 440+ statements represent bi-partisan small business concerns from states across the nation.
They include businesses small and tiny. They represent farms, wellness companies, professional services
firms like consultants and accountants, funeral homes, foodservice companies, information technology,
dentists, taxidermy, genome sequencing, landscapers, masonry and so much more. They represent a
variety of demographics, including age ranges, sexes and backgrounds.

You will note a theme of struggling and frustration throughout them. Some of the submissions are
frankly downright nasty, but | chose to leave them in, because | think you need to understand the pulse
of how so many small business owners across America are feeling right now, after dealing with many
government-imposed or government-enabied challenges.

| have taken reasonable measures to ensure that these are real submissions, but | do not personally
know most of the submitters and cannot personally vouch for them, other than taking reasonable
measures to ensure they represented real small businesses.

It has been an incredibly tough four years for small businesses, and instead of the government removing
barriers and supporting small businesses, it feels like the government is doing exactly the opposite. The
small business owners are angry and frustrated.

| have traveled to Washington D.C. on my own time and own dime, using up two workdays for the back-
and-forth travel and testimony, as well as countless hours to educate small businesses about the rule, as

1
128

well as compile and review these statements. I did this on behalf of America’s small businesses because
this is incredibly important, and small business owners deserve a voice to fight on their behalf while
many struggle to just keep their businesses afloat.

in addition to the damage to individual rights, the CTA BOI rule is having a massive impact on forming
and maintaining small businesses. | have corresponded with numerous individuals who are choosing not
to start a new business specifically because of this rule and the fact they do not want more government
intrusion in their lives.

| also have had dozens of small business owners tell me that they are considering dissolving their LLCs
to become sole proprietors without an entity specifically in response to this rule. This will expose these
entrepreneurs to more liabilities and other issues because they are trying to escape being targeted.

This cannot be how we treat entrepreneurs. Being a small business owner is fraught with challenges.
The government should be doing everything possible to uplift small businesses and remove barriers that
interfere with their success.

This is bad for the economy and small business morale. And it is unjust.

In addition to what is written in the following pages, | have received queries from volunteers in housing
associations (HOAs) and other associations. Because these associations are often entities that need to
file with their secretary of state, they are also being impacted by this rule.

The president of one such housing association wrote, “We as board member and officers of our
community associations such as Home Ownera [sic] Associations, condominium and cooperative very
well can be sent to jail, fined or both by forgetting to register under this act. We volunteer our time
operating our community associations and should not be subject to this act.”

Government overreach and unconstitutional violations of privacy-- treating small businesses differently
than big businesses-- penalties that could make small business owners criminals and send them to jail
for non-compliance-- none of this makes sense, nor does the premise of this data collection.

The stated premise is that this database is going to help with money laundering and cartel activities.
Common sense dictates that it is highly unlikely that those who would engage in such cartel or money
laundering activities would be forthcoming with the information FinCEN is seeking. That means all the
rule accomplishes is penalizing small businesses and infringing on Americans’ rights.

Please see the following pages for the submissions from the small business owners and others lending
their voice against the CTA BO! rule.

We all urge to immediately, on a bi-partisan basis, overturn the powers given to FinCEN and the CTA BOI
rule.

Thank you.

Carol J.S. Roth
Small business expert and small business owner
129

Official Statement to the House Small Business Committee
By Carol Roth; Small Business Expert and Small Business Owner

April 30, 2024

I’m Carol Roth, a small business expert and a small business owner myself.

On behalf of small businesses across the United States, | am asking that you, our bi-partisan advocates
for small business, immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information rule passed by Congress which unfairly targets American small businesses.

The Constitution of the United States protects the natural rights of all Americans, including against
federal government overreach. While preventing financial crimes is a worthwhile endeavor, your
methods cannot do so in a way that infringes upon Americans’ natural rights or assumes that they are
guilty without due process.

Asking smalt businesses and their owners to report sensitive, personal information and identification to
an organization involved in monitoring financial crimes unfortunately does just that.

It is not only an invasion of privacy, but it also creates additional burdens and challenges for small
business owners. And, once again, by exempting big businesses from this reporting rule, it specifically
and unfairly targets and penalizes small business owners with a different standard and set of rules.

Small businesses overall are not shell companies—they are the backbone of the economy.

If FinCEN has concerns about money laundering, cartel activity or otherwise, they should be using the
courts to receive information on those specific cases and entities.

| imagine you would agree that it is highly unlikely that those who would engage in such cartel or money
laundering activities would be forthcoming with the information FinCEN is seeking.

Given that, the rule is ineffective (that is, cartels and money launderers won't be swayed to participate),
while also unconstitutionally penalizing law-abiding Americans and infringing on their rights.

If there’s a concern about foreign entities, then the rule should focus on them exclusively.

Moreover, the penalties, which include significant financial and criminal penalties, including jail time,
are egregious.

Plus, the rule exposes small business owners to fraud and privacy violations. In fact, the very first alert
on the FinCEN BO! landing page, right in the center of the website, is an alert about fraudulent
information solicitation attempts from third parties.

Creating this type of database, in addition to the privacy violations from hackers and unsavory parties,
also creates concerns for abuse internally. FInCEN itself has come under fire for its alleged unjustified
data usage.

in a time when small business owners have been brutalized by unfair, slanted COVID mandates and their
after-effects, such as labor shortages and supply chain interruptions, historic inflation and other
challenges, the last thing they need is more administrative burden, both in the original reporting and
remembering that any time a piece of data changes they need to provide an update or face jail time.
130

| personally have had dozens of small business owners tell me that they are considering dissolving their
LLCs- to become sole proprietors without an entity- specifically in response to this rule. This will expose
these entrepreneurs to more liabilities and other issues because they are trying to escape being
targeted.

This cannot be how we treat entrepreneurs. Being a small business owner is fraught with challenges.
The government should be doing everything possible to uplift small businesses and remove barriers that
interfere with their success.

Instead, with the powers granted to FinCEN and this rule, Congress has added another barrier and is
treating small businesses like criminal masterminds.

The ends absolutely do not justify the means here. But the most important piece is the rule’s
unconstitutionality.

A federal district court in Alabama has already found the CTA BO! rule directed at small business
reporting to be unconstitutional.

Unfortunately, based on the ruling’s scope, FinCEN is choosing to ignore this for everyone but the
plaintiffs in that case- a peculiar outcome.

if it is unconstitutional, it is unconstitutional- period- and should be immediately shut down.

FinCEN has many tools at their disposal and a court system to help their efforts on financial crimes, They
should use those tools and not harm a good portion of America’s more than 33 million small businesses
and their owners in the process.

Good intentions don’t always produce good outcomes, and this is a perfect example.
Congress put this in motion and needs to be the one to fix it.

Again, | respectfully ask you to work with your counterparts in the Senate to have Congress immediately
overturn the powers given to FinCEN and the CTA BOI rule.

Thank you for your time and consideration.

The pages that follow showcase statements submitted from nearly 450 small business owners voicing
their concerns and convictions against the CTA BO! rule.
131

David M. Stiles
Redmoon Associates LLC
dstiles1 @nycap.rr.com

'm David Stiles, the Managing Member of Redmoon Associates LLC, a modest, single-member
consultancy founded in 2023 after | retired in 2022. | currently have one client, but plan to grow my
business.

However, if CTA BO! goes into effect, | will close my doors rather than expose myself to the
asymmetrical risks of exposure of personal information and the potential to be prosecuted if the
government deems | have completed my documents incorrectly. Given the complexities and ambiguities
of the CTA BO! rule, I view the risks and consequences of running afoul of compliance to be
unacceptably high. Engaging professional help to complete the required documentation would turn my
consultancy into a money loser.

| urge you to overturn the CTA BOI rule to restore the Constitutionally guaranteed right of protection
from unreasonable search and seizure, the rights to privacy of those affected, and the removal of a rule
of highly questionable effectiveness that tilts the playing field in favor of large businesses. Further, it is
at best wildly optimistic to think that the criminals who are the ostensible targets of CTA BOI would
change behaviors and comply with the rule.

I think it is important for the government to know what it will be losing should CTA BOI become effective
and | shut down. My client is under contract to the US government to develop small-scale production of
an advanced material essential to the performance of a bleeding edge weapons system. Russia has
already deployed a version of the system. China is believed to have its own version. Officially, the United
States has not deployed a system, in part because we do not have an adequate supply of the material. |
have experience producing this material and | am supporting my client's efforts. There are perhaps six
people in the world with similar knowledge, and | am one of perhaps two who are available to help my
client. To be sure, technologists could overcome some or all of the hurdles standing in the way of
reliable production, but it would take time, perhaps two to three years. Do we have that kind of time
available to us in an arms race?

Moreover, my client, who is receiving funding from the U. S. Government under a Small Business
Innovation Research (SBIR) grant, will also be subject to CTA BOI, and funds that were budgeted to
addressing critical technical and national security challenges will instead need to be diverted to CTA BO!
compliance. How many similar situations do you think exist in our economy?

Just as it is a privilege to contribute in some way to our national security, so too is it an unacceptable risk
to expose my family and me to the threats posed by the CTA BO! rule. And the answer is not a carve-out
to exempt some people. The answer is to overturn the CTA BOI rule to remove the threats to all small
businesses affected by CTA BOI. | urgently implore you to do so.

Thank you.
Respectfully,
David M. Stiles

Managing Member
Redmoon Associates LLC
132

Eric Carlson

To whom it may concern,

My name is Eric Carlson and | am a equine veterinarian/owner in Kansas. The CTA BO! rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk.

| find it interesting that big business's are exempt from this. | wonder how many kick backs/Perks you
have received to do this! Small business's are the backbone of the United States, and this ruling would
make it harder to operate a business. The potential of becoming a criminal or paying major fines for not
complying with giving sensitive information is ridiculous. | see how secure the US government is with
peoples information let alone being used inappropriately by the government. | will give my information
when Congress gives all their information to the American people that includes how much is made with
insider trading, lobbyists, foreign governments, military-industrial complex, etc making politicians
millionaires.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI!
rule and any further rules that unfairly, unconstitutionally target American small business owners. Thank
you.

Eric Carlson DVM, DACVS
Heartland Equine Hospital
133

Jackie Kiunk
Hello,

1am Jackie Ktunk, a 62-year-old homemaker, and | have a small business, a sole proprietorship with no
employees beside myself, and if | am subjected to the CTA BO! rule passed by Congress, it will required me
to close shop and forget about trying to build a larger business.

{have no store front, just a web site and sates on the Etsy site. It is artistic outlet, selling hand sculpted
Santas and chatkware Santas poured in antique chocolate molds.

This business is operated specifically for the purpose of augmenting our income at a time when my spouse
is trying to get ready for retirement (he is a 70-year-old construction equipment operator who is still working
because of fear of an uncertain economy).

have no budget for advertisement, and any expenses for the business come out of my small income. |
make less than $10,000 a year, often much less, but the income helps us with expenses and extras, such as
contributing to the care of my elderly parents with things like wheelchair ramps and walk-in showers,

We pay all taxes required for this entity, but any further regulations imposed on this effort will kill any
chance for adding to the business, or maintaining it as a necessary supplement to our retirement income.

This is an untenable burden on those of us who are just squeaking by in this increasingly uncertain financial
environment. Please stop this small-business killer.

Thank you,

Jackie Klunk
134

Robert Bailey
Bailey Drywall & Supply Inc.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

t shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

1am tired of having the Federal and State Governments trying to regulate my small business out of
existence, and now protecting big business at our expense. Please get a clue before you put us all out of
business. Thank you for consideration of this plea for help.

Robert Bailey
135

Leon Barker
Milagros USALLC

| ama CPA and do consulting for multiple small businesses as well as provide bookkeeping, payroll, and tax
compliance services to dozens of small companies. Most of these are well betow $300k annual revenues
and yet spend the bulk of their money on labor employing middle/low income workers. The insane amount
of controls that these businesses are required to deal with is mind boggling. | have one client that we have
been trying to get a tax withholding number for the state of Maryland for over a year. Every state has its own
multitude of rules, laws, and requirements. Just payroll processing for a small ompany of maybe 50
employees located in 10 states requires expertise the experts do not have. Rules regarding what must be
shown on a paystub, how much PTO, Sick, Vacation, Disability, registration, Overtime rules, etc. Then you
have property tax rules in every location and income tax allocation rules on tep of licensing. My pointis that
lam amazed that anyone even bothers to try to create a business due to the absolutely complex
environment we have. The system is nuts and stifles creativity and entrepreneurship. In all of these
situations though the most a business owner faces is possible fines/penalties and interest imposed or a late
fee. These are economic insentives to get compliance correct, but now this new law would create such
draconian punishments as jail time, and penalties/fines that are rediculous for not updating a change of
address timely. How can it be that this registry is so much more important to targeting the drug cartels and
yet we do nothing to stem the flow of drugs across the boarder. This is a regulation intended to punish
business owners and stifle entreprenuership.
136

Caprice Dittmar

tam a single 61 year old self employed American. i have two businesses. | have a LLC for my rental
properties. | own 4 properties. | have been a dog and house sitter for over 35 years. The more
regulations that the government puts on me the harder it is for me to continue my work. It’s currently
hard enough to keep and find great tenants. | am fortunate that | do have long term tenants but every
time | have an opening, it is very stressful. It is very clear that capitalism works best with less
government. Please do not make me register my two business.

Thank you for your time

Caprice Dittmar
Zanesville Ohio 43701

10
137

David Cochran

With the help of an attorney, | painstakingly followed ail of the requirements and IRS rules, to set up this
LLC as an entity to self direct the investments of my own retirement funds. | am already following an
absurd amount of regulations pertaining to not only the setting up of the entity, but the related banking
and investment accounts. All of this requires a federal ID, a certificate of formation from my state, as
well as a detailed operating agreement. This is all overseen by Directed Trust Company, the custodian,
and the rules and regulations that they are required to follow, as well as those 1 am required to follow, |
am sure, are more than enough to ensure against the criminality that this unconstitutional new law is
worried about.

1am just a guy in a t-shirt trying to make a living and provide for, and protect the assets of my family and
our future, by using the legal means already provided for in our current laws. That should be enough.

Respectfully,

David Cochran

Wasabi Investments LLC

11
138

Tom Hilgers
Hello,

My name is Tom Hilgers, and ! serve as the Secretary-Treasurer of the Lions Club of West Salem, Oregon,
a 501c4 non-profit service organization. | am writing to express my concerns regarding the Corporate
Transparency Act's Beneficial Ownership Information (CTA BOl) rule.

The CTA BO! rule, passed by Congress, unfairly targets small businesses and violates our rights to privacy
and being presumed innocent until proven guilty. FinCEN should be using the tools of our US court
system, based on hard evidence, to target criminals, not imposing unconstitutional laws that create
privacy issues, asking us to report persona! and sensitive information that could be used by hackers and
fraudsters, placing our businesses, and those of millions of others, at risk.

The rule's stated purpose is to prevent financial crimes, such as money laundering and cartel activity.
However, it is unlikely that any individual who would engage in such unlawful acts would voluntarily give
accurate information to FinCEN. So, the only people reporting to FinCEN are law-abiding small business
owners, because big businesses are exempt from the reporting requirement. This is unfair to small
businesses and can turn us into criminals if we don't comply, even by accident.

The members of service clubs like mine give of their time to help those in need in our communities and
to make our communities more livable. We comply with the laws governing our fundraising projects,
and 100% of the money we raise from our communities is returned to the community to improve life
there. Legislation like this goes way beyond its expressed purpose and accomplishes nothing more than
burdening the very people you are supposed to be protecting.

Therefore, | urge Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, and unconstitutionally target American small business owners.

Thank you for your attention to this matter.
Sincerely,
Tom Hilgers

Secretary-Treasurer
Lions Club of West Salem, Oregon

12
139

Lee Bass
C LEE BASS II] DDS PA

Please do not all the new FINCEN regulations to take effect for small businesses. As a smalt business owner
of a Dental Practice, | am responsible for providing for not only my family, but all my employees rely on their
jobs with me to help provide for their famities. | already provide Health insurance, 401(k) and a generous
holiday/vacation schedule. Adding more regulatory things to have to keep up with, will add to the already
50+ hours a week | put into running business for patient care and paperwork, taxes, etc.

Small businesses should have less requirements to have to keep up with and more freedom to conduct

business, grow the business, keep our existing employees and even hire more employees that in turn will
fuel an even better economy.

13
140

Stephanie Piko
Snapper Lane, LLC
Ramview, LLC

6053 S Eagle St
Centennial, CO 80016

1am Stephanie Piko, and | have two (2) small businesses that are in property management. | am asking
that you to immediately overturn the Corporate Transparency Act's Beneficial Ownership Information
(CTA BO!) rule passed by Congress that unfairly targets American smail business. The rule violates my
rights to privacy and to being presumed innocent until proven guilty. The CTA BO! rule is not only
unconstitutional, but creates privacy issues, requiring us to report personal sensitive information and
identification that could be used by hackers and fraudsters, placing my business and millions of others at
risk. Individuals create LLC's for small businesses to PROTECT their assets and information, not to place
them at further risk.

The stated reason for the rule is to prevent financial crimes, such as money laundering and cartel
activity. It is very unlikely that anyone who is engaging in such unlawful activity would comply with the
requirements. Law-abiding small business owners will be subject to yet another undue burden, that has
substantial penalty and personal consequence, while big business remain exempt.

As the Mayor of the City of Centennial Colorado, | find this to be incredibly offensive to our small
business owners who we have tried to support and strengthen, especially since COVID. As a city, we
have developed numerous programs to assist entrepreneurs in creating successful businesses. This is
one additional step of personal risk and disclosure that will intimidate individuals and prevent them
from starting the smail businesses that we rely on in our community.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly and unconstitutionally target American small business owners.

Thank you,
Stephanie Piko

Snapper Lane, LLC
Ramview, LLC

14
141

Jason Bleak
Members of Congress.

1am a simple small business owner, understand honesty and understand working with clients and
employees,

We offer our employees full coverage health insurance at no cost to them and cover their entire family.
The wage and retirement package for our employees are among the highest in our market. We do this
because we value our employees, we understand their lives and challenges, we make efforts to ensure
their time is compensated in a manner that provides them opportunity for a life comparable to that of
the company ownership.

All of this is becoming more difficult which is a result of the dishonesty that exists in our government.

The continual addition of rules, oversight, excessive spending, and disregard for the constitution. Each
time | hear representatives from Washington say ""The American Peaple"”, followed by some agenda
that is clearly not anything we the people want or need, my skin crawls.

One such example is the new oversight given to the treasury department, the ""Corporate Transparency
Act's Beneficial Ownership Information"" or CTABOI. This new act is being touted as a method to stop
money laundering while in reality it is simply an additional burden on small business owners.

Why congress thinks passing another oppressive and burdensome regulation on small business owners
will solve some problem of the ""American People’" is a clear example of how out of touch they are
with the American People.

This act will cause additional expense to small businesses, unfairly exempts larger businesses, and will
make potential criminals out of law abiding and productive American citizens simply because they don't
file or improperly file on this new regulation.

Where is the ""help"" to the "American People"" in this new oversight?

Organizations that are criminal in nature will not abide this ruling, there are already ample legal avenues
for the government to pursue against criminal behavior which do not involve empowering a new arm of
regulation. Stop this immediately.

if you want to help the ""American People"" you will return to the Constitution and the Bill of Rights and
ensure those items are not trampled upon, you would further utilize the checks and balances afforded
the government to provide oversight of itself, you would stop executive actions, and you would pass a
budget that strengthens the dollar locally and globally, rather than adding additional regulation to small
businesses which will hurt some, devistate others, all while helping none.

Repeal this act now!!

Jason Bleak. Small Business Owner since 1996. Employing American People. Providing quality to the
community and our clients.

15
142

Sean Lilly
Such an unconstitutional law that is unfair in targeting smail business owners such as myself.

| play by the rules, work ridiculous amount of hours to provide for my wife and 6 kids, pay taxes, register
with the state each year, pay sales taxes, keep up with the books to make sure everything is accounted
for properly. Occasionally try to take family somewhere fun while constantly worrying about the money
’'m NOT making while doing so. This is just one more thing that I’m going to have to remember to keep
up with and, for what? So that big brother can have my info in yet another database that they can use at
their discretion? Money laundering? | wish { had the money to be able to to launder it. As soon as it
comes in, it’s gone. | can’t grow the business by buying land/larger shop due to interest rates, | can’t get
ahead because of constant taxes/ biz fees. And | have done nothing wrong. If they want my information
to investigate me, don’t they need probable cause?

| have an associates in criminal justice-don’t remember all of it, but this seems like quite the overreach.
Hell, to be honest, my states “annual report” is nothing more than another way for the state to get an
extra $203 out of me-all 1 plug in is my name, verify address, etc. what am | reporting? Government is
just going to nickel and dime me to death while | work like crazy to afford the grocery bill that they've
screwed me on. Pay taxes so that we can send billions to other countries who don’t have our best
interest at heart. Pay taxes while illegal immigrants are given all kinds of benefits. I’m sick of it. utterly
sick of it. ’m ok with working hard, being the sole provider, and paying my fair share..but the
government, my government, needs to find something better to do than to put yet another unnecessary
burden on innocent people. i’d love to know...what is the supposed benefit of this law? Because if | have
to report something...why?

Thank you for what you're doing! Truly appreciate it.
-Sean Lilly

$&8 Woodworking and Handyman Services, LLC
Raleigh, North Carolina

16
143

Greg Esz
ESZ HOLDINGS LLC

('m land owner and have a small business that is a house rental. | own a single rental property through
an inheritance.

The second piece of property is on a river. Both are in this Lic to protect my house and personal assets
from lawsuits. | was informed that failure to sign up for this shall result in a fine. This is just another
overreach.

tam asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership
Information ("CTA BOI") rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence,

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don't comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Gregory Robert Esz, Esz Holdings LLc
144

KJHC

K } Hughes Consulting LLC

April 12, 2024
Dear Members of the US House of Representatives Small Business Committee:

My name is Kathy Hughes and !'m a Texas-based healthcare consultant. I've been a consultant for the
past 10 years and have been an incorporated entity since November 2019. My business is Just me
working from a home office providing services to all types of healthcare entities across the US.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
tule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk. | shouldn't have to choose between the protection of a
business entity like an LLC or $-Corp and being a target of government overreach. The stated reason for
the rule is to prevent financial crimes, such as those committed via money laundering and cartel activity.
it ls unlikely that any individual who would engage in such unlawful acts would voluntarily give accurate
information willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they
would hardly care about additional rules and laws. That means the only people reporting to FinCEN are
law-abiding smal! business owners, because big businesses are exempt from the rule reporting
requirement.

Not only is this unfair to smal! businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the powers
given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you.

Kathy J. Hughes

Owner/President
K J Hughes Consulting LLC

2320 Fiedler Road, Harper, TX 78631 {832} 654-4444 kathy@kjhclic.com

18
145

Jason Kubicki

My name is Jason Kubicki, my wife and | have a small business that services other small business’
technology needs.

Over the years we have noticed the increase in rutes and regulations for such small entities like ours. With
the demands of technology and assisting other SMB owners on top of all the red tape, taxes and fees that we
must endure it appears we are becoming a vessel for the government to not only take more of our very hard
earned money but also to demand more personal information from us.

The SMB climate in the US is already un-American but this CTA BO! smacks of tyranny and directly violates
my right as an American citizen. Furthermore it is worth noting that while we watch congress diminish our
rights we see congress men and women become wealthier and wealthier, creating rules that cost SMBs
more money and time while creating loopholes, making stock trades and working corporate deals that line
their own pockets. This is not only unconscionable it is wrong.

Therefore lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminats, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of miltions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and carte! activity. It is untikely that any individual who
would engage in such untawful acts would voluntarily give accurate information willingly to FinCEN. if
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys. Itis a challenge to be a small business owner but also
a privilege. We just want to be left to be a vital and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Respectfully,
Jason Kubicki

The Signal Company

19
146

Paul Lawrence

{ own and operate a small business that locates underground potable water pipe leaks. | am asking you
to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA
BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty.

| love my country and | work hard to put food on the table. The CTA BOI rule is not only unconstitutional,
but creates privacy issues, asking us to report personal, sensitive information and identification that
could be used by hackers and fraudsters, placing my business and that of millions of others at risk.

i shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. Please overturn the powers given to FinCEN and revoke the CTA BOI

rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Paul Lawrence / Reliant Specialized Services

20
147

Andrea Adamson
All About Values
eBay Seller

I'm Andrea Adamson and have a smait business that has a store on eBay.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, ptacing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident, Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Smalt businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Andrea Adamson
All About Values

21
148

Rick Wargo

Compliance 4 Credit Unions LLC or C4CU is a credit union service organization that specializes in
regulatory compliance support for credit unions. | am the Chief Operating Officer of the company. It is
owned by three credit unions. Our functions also include regulatory advocacy. When FinCEN proposed
regulations to implement the Corporate Transparency Act, we assisted our credit union clients with
comment letters opposing the proposed regulation. We recap the reasons for our opposition here.

First, the CTA was buried in the defense authorization bill. It is doubtful that members of Congress knew
of the CTA provisions. That said it is beyond ironic that many members of Congress claim to support
small business but imposed an insane compliance burden on small business. It is well beyond time for
Congress to stop the huge budget and defense bills and understand what is included.

Treasury and FinCEN spin CTA as a necessary tool to combat money laundering and terrorist finance. An
additional rationale is that European anti money laundering agencies have tools similar to CTA, the
reporting by small business of beneficial ownership information. There is ample evidence to indicate
that FinCEN is overwhelmed with the data it currently has available from Suspicious Activity Reports and
Currency Transaction Reports. Under CTA, FinCEN is going to create another database including millions
of bytes of data regarding the ownership structure of small businesses. How does it remotely make
sense to conclude that a gigantic database revealing the ownership structure of small retail stores,
plumbers, HVAC vendors, auto dealers, and other business will be effective against money laundering
and terrorist finance?

The CTA exempts publicly traded companies and other large concerns. Why? What makes a publicly
traded company any more immune to money laundering and terrorist finance than small business, The
CTA is an inappropriate burden on commerce and should be repealed.

The CTA and FinCEN's regulation state that the information of small businesses will be kept confidential.
This is a joke from the jump. Simply examine the laundry list of agencies and concerns to whom FinCEN
can disclose small business information. The proposed privacy protections are a sieve.

The CTA puts small business at odds with credit unions when seeking to obtain financial services. To
access small business information from FinCEN's BOI database, a credit union must get written consent
from the business. This is not informed or voluntary consent. The credit union cannot provide services
unless it is sure of the identity of the account owner as required by its Bank Secrecy Act compliance
program. The business knows or understands it must agree to allow its credit union to get the
information from the FinCEN database or it will not get the necessary services. In its final regulation,
FinCEN ignored this valid concern.

Finally, law enforcement has an abundance of tools to combat money laundering and terrorism finance.
At the heart of it, law enforcement can obtain a warrant for any information it wants upon a showing of
probably cause. Let's leave our civil right in tact. It is well past time to pump the brakes on CTA and the
entire USA Patriot Act. We support law enforcement and C4CU's client credit unions have cooperated
with law enforcement to break up money laundering schemes. The CTA goes too far.

Rick Wargo, COO JD/LLM Compliance 4 Credit Unions LLC

22
149

Karina Armenta Meza
Psychicgoddess1

’'m Karina Armenta and have a small business that does Psychic Readings that has heiped thousands of
people.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BO!”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. it is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Karina Armenta Meza/ Psychicgoddess1

23
150

Jake Poinier

To Whom It May Concern:

My name is Jake Poinier, and t am a self-employed writer, editor, and ghostwriter. My primary business
for providing services is Boomvang Creative Group LLC, and | operate another business, More Cowbell
Books LLC, for book publishing.

| have to admit | was shocked when | first read about the Corporate Transparency Act’s Beneficial
Ownership Information (“CTA BO!”) rule passed by Congress. | believe that it unfairly targets American
small businesses like mine and | am asking you to immediately overturn it.

| jumped through all the requisite hoops with the Arizona Corporation Commission when creating these
two entities, including the expense of hiring a law firm to make sure the paperwork was done properly.
As a result, | object to the rule on two points: 1) the violation of my privacy rights and 2) my right to be
presumed innocent until proven guilty. In regard to the former, | do not agree with the requirement to
report personal, sensitive information and identification into yet another database that would be a
goldmine for hackers and fraudsters, placing my business and that of millions of others at risk. As to the
latter, FinCEN has proven itself perfectly capable of finding and prosecuting criminals using the existing
tools of our US court system, based on hard evidence.

At its heart, this rule doesn't even make logical sense. Are we really supposed to believe that people

who are willing to commit serious financial crimes such as money laundering and cartel activities are

going to provide accurate information to FinCEN--or is it more likely that they have ways to game the
proposed system or otherwise avoid detection?

Finally, it is appalling that this rule can turn law-abiding small businesses into criminals for failing to
comply, even by accident. Jail time and financial penalties for not submitting paperwork correctly, or not
updating it when there's a change? This seems like entrapment.

Small businesses are an important contributor to the US economy, and yet all we get is more red tape
and government overreach thrown in our way, whether it's this CTA rule, or the PRO Act, or the new US
Department of Labor rules creating more problems for us and our clients. (Meanwhile, it's darkly
humorous that big businesses arbitrarily get exempted from the rule.)

Enough.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly and unconstitutionally target American small business owners.

Thank you.

Jake Poinier
Boomvang Creative Group LLC

24
151

Phyllis Battle
Pre Construction Services, inc.

This business is a cost consulting business for construction projects of many types, both in the private
sector and public monies.

My husband and | are business owners. My accountant informed me of this new regulation and
requirement to file a FinCIN report under the guise of corporate transparency, and that | should ask my
lawyer to fill it out for us, because they do not have a tax attorney. Since we own several entities, we
would have to file several reports. Good Attorneys are too busy to fill out these forms.

Please overturn the (CTA BO!) Corporate Transparency Act's Beneficial Ownership information rule,
which is invasive, expensive, and also unfairly targets American small businesses. The federal
government already has our information because we file taxes every year and pre-pay our estimated
taxes.

If this law/rule stands, WHO WILL HAVE ACCESS TO OUR PERSONAL AND PRIVATE INFORMATION?

Small business owners are the Law compliers, not the criminal law breakers. Do you really think the
criminal element will fill out this form for you? This is not a transparent effort to find criminals as you
say, but is an effort to make criminals, when you need one, out of people who may not agree with your
current bureaucrat philosophies of right and wrong.

Smal! businesses are the very fabric of society that pay taxes, create jobs, provide legitimate services to
our citizens, give birth to innovation, build dreams into reality, and also creates a safe and free society.
Small business owners risk everything to work for themselves in a legitimate way, make the sacrifices
needed to succeed, give opportunities to those work for them, and have such success that ripples
through society lifting all those around them up economically. We are not in business to fill out forms,
and bow down to a tyrannical government who wants to decide who and what are beneficial to them
and their purposes. Mostly small business owners want to be left alone because they are busy working.

Small business owners are legitimate risk takers, not law breakers. Don't turn us into law breakers for
Not filling out a form for you. Don't fine us and put us in prison for Not doing something that you have
suddenly decided we need to do, because you say you are trying to protect society from bad actors. You
already have plenty of criminal entities who can do this. We are innocent until Proven Guilty, and you
are making us Guilty first, until we can prove ourselves Innocent.

Please overturn the powers given to FinCEN and revoke the CTA BOI rule immediately. Please overturn
any other unconstitutional laws/rules that affect small business owners,

Thank you, Phyllis Battle, Pre Construction Services, Inc.

25
152

Desiree Shaffer
Shaffer Cabinet Works, Inc.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty.

Small businesses have enough struggles, especially after surviving Covid. We do not need the additional
burden of filing additional requirements and possibly having to hire lawyers to help us. This takes time,
energy, and money from our business of producing commercial cabinetry. We already have to pay and

file payroll taxes, workers’ comp insurance, file personal and business tax returns, pay property tax, not

to mention pay our employees and build and install commercial cabinetry.

This regulation seems to be targeting small businesses, which are the lifeblood of our communities.
Please take regulations off of small businesses, don't keep piling more on us.

1am a corporate officer and employee of our family-owned business. As secretary, | am the one who will
have to deal with this. (My husband is the owner).

26
153

Jonathan Asbell
Realplaces
www.realplaces.io
jonathan@realplaces.io

I'm Jonathan Asbell and have a small business that does two estate investing.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. ff financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

Jonathan Asbell @ Realplaces

27
154

Shawn Helton
Got Gutters

My name is Shawn Helton and ! have ran my own businesses or been self employed almost entirely since i
graduated from high school. My tatest business is gutters, and my only business that ive ever had an LLC on.

My wife went to college and the military and has 2 degrees but hasn't yet had to get a job and was always
able to stay home with our two boys.

| payed off 150k dollars in student loan debt have never went to college myself.

Now after 20 years of marriage i wanted to build our forever home. We bought property got surveys done,
not cheap, got our print drawn also not cheap, and by the time that was done the 2020 election had
happened and prices had changed. The cost of the materials for the house we had drawn went up 100k
dollars. | thought, no big deal, i had saved two thirds of the money over 20 year, owed my property, i had
already paid off all our debt and have an 820 credit score, ill just get a loan.

Well guess what, no one will give me a toan. The reason being 2 years work of tax records say | don't make
enough, to which i replied how do you think i payed off all my other debts that has given me this nearly
perfect credit score, and im told time and time agin it doesn't matter. Now someone that makes bad money
decisions and has as low as a 580 credit score can get a loan if there tax records show they make enough.

If the federal government can needs more information about my money that i earn busting my but, then they
should show all Americans that they themselves can make better decisions with the money they demand
from us.

FinCEN is nothing but a way to knock small business men and women back down to get there foot better
positioned on our throats. If the members on this panel were good enough with money to ,PAY attention,
they would realize how great this country works when you remove restrictions on small business Americans
and let the country grow from within.

its funny how this administration talks of taxing the rich which everyone should know only raises prices bc
the already pay the lions share of tax in this country so they will just raise the price on the goods and
services they provide and maintain there earnings. So it hurts the small businesses when you try that and
then finCEN only applies to small businesses bc you don't want to expose the public and private
partnerships that line many government officials pockets.

You really want to fix things in America give loan opportunities to those who have proven they deserve it,
kinda like what the credit score was ment for, allow small businesses to grow i to large businesses bc its the
large businesses that can help relieve strains on everyday Americans by being competitive and bringing
prices down so the average guy like me can get ahead in life.

This country is backwards right now and unless we start to correct our path soon there's very little hope for
prosperity for the average man anymore. Create a flat tax, prosecute the laws that are already on the books,
set term limits for all government officials, and let Americans be Americans, FREE! You can start this
process today, but i won't hold my breath and wait for you to make a good decision.

28
155

Jeffrey Morgan
e-volve Information Technology Services, LLC

| am writing to voice my objections to the implementation of the Corporate Transparency Act Beneficial
Ownership Information rule.

First of alt, the government already knows about my business because | file tax returns with tocal, state and
federal government. My incorporation papers, filed with the PA Secretary of State already disclose
ownership information. Based on this alone, The CTA BO! is an unnecessary regulatory burden that no
business should have to suffer, especially micro businesses with only a few employees.

Moreover, you are likely to make criminals out of a large part of the small business community. How do you
expect businesses to find out about it if they aren't news hounds like | am?

Frankly, this is the kind of bureaucratic overreach we have come to expect from federal agencies. Congress
would likely NEVER pass this directly as a law!

it seems unlikely that criminals will voluntarily provide accurate ownership information to FinCEN so the
stated reason for the regulation is invalid. Only legitimate businesses who know about it will comply. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. A suspicious person might think that the regulation is intentionally designed to criminalize small
business owners and discourage their existence in addition to creating yet another federal database of Pil
that is likely to be breached or used against American citizens.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Sincerely,

Jeffrey Morgan

29
156

Rebecca Schwanke
Talarik LLC

i'm an American small business owner. My partner and | develop sporting good products, but we're still
a very small family-owned business. Please consider immediately overturning the Corporate
Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule passed by Congress. | truly feel
that this new program unfairly targets American small businesses like mine and allows for too much
freedom with my personal and corporate information. What happened to using the court system to get
information if a crime is suspected?

The CTA provides Treasury with a unique degree of access to BOI, making the information available to
any Treasury officer or employee (1) whose official duties require BO! inspection or disclosure or (2) for
tax administration. This rule is a clear violation of American citizen rights to privacy. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

Our LLC designation is supposed to protect our members, yet now we will be the target of government

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners.

BIG BUSINESSES are EXEMPT from the rule reporting requirement. Seriously? Who thought this was a
good idea?

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Case in point, many of us never heard of this when it was a proposed rule, so now we are left
reading of regulatory oversight most still don't know about.

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example

of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. This Administration seems to discount
the vital services and products we are responsible for.

l respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Rebecca Schwanke
Talarik LLC

30
157

John Dudley

Divine Stoneworks
60 Pleasant St. suite 1
Ashland, MA 01721

jedudley@divinestoneworks. net

To whorn it may concern,

My name is John Dudley and trun and manage a few smail businesses that provide home
improvement services for homeowners (roofing, siding, windows, doors, painting and countertop
fabrication) as well as several LLCs that hold rental real estate.

lam writing to express my deep concern regarding the Corporate Transparency Act's Beneficial
Ownership information (CTA BO) ruie recently enacted by Congress. This rule unfairly singles out
American small businesses and encroaches upon our rights to privacy and presumption of
innocence.

The CTA BO! rule imposes undue burdens on small business owners like myself by requiring the
disclosure of personal and sensitive information that could potentially be exploited by malicious
actors. This not only violates our constitutional rights but also exposes us to significant risks,
including identity theft and fraud.

Furthermore, the rationale behind the rule—to combat financial crimes such as money laundering
and cartel activity—~is flawed. it is improbable that individuals engaged in such illicit activities
would willingly comply with reporting requirements. instead, this rule disproportionately burdens
law-abiding small business owners while exempting larger corporations.

As pillars of the US economy, small businesses play a crucial role in driving economic growth and
fostering innovation. Yet, it often feels like we are at a disadvantage compared to larger
corporations, with governmental regulations tipping the scales against us.

‘urge Congress to take immediate action to repeal the powers granted to the Financial Crimes
Enforcement Network (FinCEN) and overturn the CTA BO! rule. It is imperative that further

regulations are enacted in a manner that does not unfairly target American smatt business owners.

Thank you for your attention to this matter.

Sincerely,
John Dudley

Divine Stoneworks LLC

31
158

Nick Bowlin

CN Diesel LLC

6000 E. Commerce Loop
Post Falls, Id 83854
208-755-7610
endieselidaho@gmail.com

Congress | appeal to you to immediately overturn the Corporate Transparency Act's Beneficial
Ownership information.

As a small business owner of Diesel mechanic shop for 15 years. | am being unfairly targeted by CTA rule.
tam a hard worker tax payer.

| violates the Constitution as well as my right to privacy. Why are you punishing small businesses? We
are the back bone of America. My family depends on me to support them. | am not a criminal why is
congress treating us like criminals? What happened to innocent until proven guilty? This bill unfairly
target small businesses.

The CTA BOI is no different than an ankle monitor for a felon. We are just trying to survive | do not have
extra money to spend to hire an attorney or CPA to help me fill out all this paperwork so | do not go to
prison! | can not even find a CPA in my area willing to help me with the this new rulings paperwork. Why
are we being punished because we are a small business? This is yet another example of the government
picking winners & losers and punishing the little guy. Is that what the founding fathers intended for the
USA? | respectfully ask that you please immediately overturn the powers given to FinCen. and revoke
the CTA BOI rule and any other further rules that unfairly ,unconstitutionally target American small
business owners.

Thank you,
Nick Bowlin
CN Diesel LLC
6000 E. Commerce Loop
Post Falls, Idaho 83854
208-755-7610

32
159

Susan Blount

WHATEVER HAPPENED TO ““INNOCENT UNTIL PROVEN GUILTY?"" OR ""probable cause™" or that
"*nolice conduct searches, seizures, and arrests pursuant to a lawfully executed search warrant"?

How can they promote this as beneficial with a straight face?... Beneficial for who? It’s not enough that
our company pays $85 dollars a year just to tell the government we are still here.

It's not enough that we have been in business for over 50 years and have never been delinquent in
paying our taxes, nor has there ever been any investigation into the integrity of our company. There is
not even a hint of any illicit activity within our company.

This filing requirement and the outrageous potential for fines and imprisonment are a huge insult to
business owners like us who love our country, value honesty and integrity, operate our business
according to Christian principles, and have tried to cooperate with intrusive, burdensome rules handed
down by government bureaucracy.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses and
violates our Constitutional rights on many levels.

Sincerely,
Susan Blount
Partner Owner

33
160

Angela Prince

1am a small business owner and have served the local community for 20+ years as a mental health
provider. | have no employees - only a part time office help who also cleans my office. | am in high
demand and booked up - at times having to turn clients away, and often have a waiting list. Our
neighborhood and country needs the small business owners who are the backbone of our communities
and provide much needed services.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others. My email and SS# were recently obtained during the AT&T cyber
attack which has been a nightmare to attempt to defend and protect my personal info.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? am asking you to immediately overturn the Corporate Transparency Act’s Beneficial
Ownership Information (“CTA BOI”) rule passed by Congress that unfairly targets American small
businesses.

Angela Prince

34
161

Dr. Jan Bedell
President Brain Sprints
President The Parachute Effect

| have been a small business owner for 30 plus years. Even stayed afloat during Covid. | added a farm
business three years ago and started another business a year ago. All these government regulations take
time away from my ability to be productive. | plan to have more employees but when you have to spent
time and resources with all this regulations some of whom you don't even know exists, it makes
expansion very difficult! !

Lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BO!”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small business
owners, Thank you.

Dr. Jan Bedell

President Brain Sprints
President The Parachute Effect

35
162

Nancy Merrill

| am Nancy Merrill and own a travel agency that | run by myself.

This new FinCen rule is one | do not understand and feel as if small businesses are being targeted unfairly.
if the reason this {aw was created was to go after cartels who money launder, why not already use the laws
on the books to go after criminals. The only money laundering i do is when i forget to take the change out of

my pockets before i wash them.

It seems that every small business is a criminal to the US Government. | already work 12-17 hours day and
don’t need to worry about filing reports with the Treasury Dept or even if | am doing it correctly.

The IRS already has all of my Financials and business information, why do | need to duplicate it?

If the Treasury is so worried about money laundering why exempt any business? Shouldn't this law make
every business owner file this report. It seems like the federal government has been going after smatt
independent business owners and independent contractors.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule

and any further rules that unfairly, unconstitutionally target American smal business owners. Thank you.

Sincerely

Nancy Merril

Owner

Time 2 Fly Away Travel, LLC

36
163

Bill Atwell

1’m Bill Atwell and have a small business that sells and supports software for manufacturing operations.

lam asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.
The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.
Thank you.

Bill Atwell

1802 N. radcliffe Way
Eagle ID 83616

37
164

Jennifer Garner
Garnerist LLC
Denver, CO
Jen@garnerist.com
Www.garnerist.com

’m Jen Garner and have a small business conducting community engagement and market research
services for the public sector.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

Afew months ago, my CPA alerted me to this new rule. When I clicked the link to comply, | was astonished
and angered by the level of detail | will be required to provide. It will take me hours to compile the
information and | am resentful that | am being treated like a criminal. | work hard, trying to make ends meet,
caring for my elderly, trying to be a good wife and friend, mentoring other women, and participating in my
church.

Yet my own government wants to add me to a database and monitor my data as though | were a thief or a
scam artist. | pay my taxes, and | vote. | never take the easier softer way, or ask for a handout.

This is a slap in the face. You should be ashamed of yourselves for letting this advance so far in the rule
making process.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and that
of millions of others at risk. | shouldn’t have to choose between the protection of a business entity like an
LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to prevent
financial crimes, such as those committed via money laundering and cartel activity. It is unlikely that any
individual who would engage in such untawful acts would voluntarily give accurate information willingly to
FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly care about
additional rules and laws. That means the only people reporting to FinCEN are law-abiding smalt business
owners, because big businesses are exempt from the rule reporting requirement. Not only is this unfair to
small businesses, but it also can turn us into criminals if we don’t comply, even by accident. Why should
law-abiding small business owners be threatened with jail time and financial penalties? Small businesses
make up the backbone of the United States economy. We provide vital goods and services, generate
significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BO! rule is just another example of the government
tipping the scale in favor of the big guys. It is a challenge to be a small business owner but also a privilege.
We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask Congress to
immediately overturn the powers given to FinCEN and revoke the CTA BO! rule and any further rules that
unfairly, unconstitutionally target American small business owners. Thank you.

Jen Garner, Garnerist LLC
Located in Denver, CO

38
165

Christine Bobbett
Accounting 1909, Inc.

Complying with the CTA cost my small business $588.50 in legal fees plus my time to learn about the Act
and gather information my attorney needed. ! have to work 9+ billable hours to recoup that cost. I'm
already feeling the strain due to groceries and other every day costs that have sky rocketed due to
inflation.

39
166

Randall Ping

My name is Randall Ping and my small business, Maple Knook Farms LLC has been in this family for 3
generations now. The CTA is against everything my Father, who fought WW2 in the South Pacific, stood
for in this country. We are constantly regulated, taxed and ruled by people who have no idea what we
do or what it takes to run a successful farm. From the Waters of the US, fertilizer cost, fuel cost, feed
cost. All to meet a regulation, not a better product. This increase the cost of all goods, IE: inflation!!

Asking me to report to the Criminal Division of the IRS with very personnel information is against what
this Country was built upon. | am innocent until proven guilty or at least accused of a crime. NO longer,
now you want to have me in the system because of the size of my business. Large companies are
exempt, how convenient. Keep this up and farmers will just feed ourselves and leave everyone on their
own. You'll get hungry very quick and ask why there's no food on the shelves!

As | write this, | have sent an additional 10K to the Federal Government in taxes. We'did our normal
withholding, but the Feds just want more. The worst part is you waste it. When | think what my money
would have done to help the economy through investing, building or saving, it makes me angry how you
waste it.

In closing, STOP trying to help and get out of our way! We can feed the world more efficient, with less
environmental impact without your ""help"".

40
167

Joseph Austin

Austin’s Mini Excavating

80 Sutphin Drive

Julian WV 25529
austinsminiexcavating@frontier.com

I'm Joseph Austin and have a small business that does smail scale excavation work for people who
cannot afford large companies.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Joseph Austin
Austin’s Mini Excavating

41
168

James M. Blackmon
Banana Jack Murphy Productions LLC

I'm James Blackmon, aka Banana Jack Murphy. | am the owner of Banana Jack Murphy Productions. My
company assists other small businesses in advertising, marketing and promotion of their goods and
services. We currently own and operate WLSQ AM 1240/W294Cw 106.7 FM. We also provide audio
and video services for our advertisers/clients.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

he stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. if financial criminals are willing to break
the Jaws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial

penalties?

Big companies are exempt. Small businesses like mine are not. That's not fair...and NO, I'm not
advocating for large corporations to comply with this latest example of government overreach either.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

James M Blackmon/Banana Jack Murphy
Banana Jack Murphy Productions LLC

42
169

Brian McGovern

My wife runs the blossom shop(TBS). We have a c-corp that owns the TBS building.

1 also own a law firm organized as a PC with two lawyers and a secretary and part time bookeeper.
We have an LLC that owns the law firm's building.

First, TBS already have done some survey a few times in the last few years that the internet says is required.
That survey asks for sales, costs, employee pay etc. Alt information | feet is confidential and proprietary.

Now this CTABOI is just more unnecessary intrusion. Though it may take a short time to complete its a pain
in the neck. There are dozens of tittle things we have to do that are a pain solely due to government every
month,

But my real objection is the invasion of my privacy and the absolute distrust | have for the purpose and use
of this new law. Whatever the government is saying its purpose is a pretext. And even if "they" have good
intentions now "they" won't later. This has been proven over and over. The justice system has been ruined
and tainted in just the last several years and it too cannot be trusted to fairly deal with violators. The
penalties are punitive which in itself indicates an ulterior motive and just like Obamacare, the exemptions
or waivers are handed out as favors/grift.

Frankly, it wouldn't surprise me if this entire law was to a) get a listing of gun dealers but the constitution
requires an “equal” net, b) identify other activities that liberals do not like such as faith initiatives, and c)
give those new IRS agents a lead list for audits.

Brian McGovern

43
170

Robert Austin
RW'S Remomdling and Home improvements LLC

’'m Robert Austin and have a small business that does Residential Home repair.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BO!”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO} rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. it is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. if financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Robert Austin/ RW'S Remodling and Home Improvements LLC

44
171

Kimball Azbell

|) am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
smail business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

Kim Azbell, Easley Family Farms LLC

45
172

Suzette Lopez

I'm Suzette Lopez and have had a small graphic design business called Parrot Fish Studio since 2001. We
have managed to survive over the years due to our resiliency and fiscal responsibility through great
recessions and a global pandemic that severely impacted my business.

it’s a struggle just to keep the business moving efficiently and effectively but when more and more
regulations are stacked up on us, it just makes the business of running a business even more of a burden.
My business has sustained my family not only through economic turmoil but also through personal health
battles.

| am a 2x survivor of a very aggressive cancer and while some take time off to go through treatments and to
heal, | had to work. | had no other options. With 2 kids entering college and a husband who had also gone
through his own battle with cancer, we were financially strapped and | had to do everything | could to keep
my business afloat and to pray that it thrived. | had a mobile office that | brought with me through 9-hour
chemo sessions. | did it because | truly love my business and it has given me the flexibility to raise a family
and be very present in their lives every step of the way.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rute passed by Congress that unfairly targets American small businesses. The rule
also violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and that
of miltions of others at risk. | shouldn’t have to choose between the protection of my business entity and
being a target of government overreach. The stated reason for the rule is to prevent financial crimes, such as
those committed via money laundering and cartel activity. It is unlikely that any individual who would
engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial
criminals are willing to break the laws at such a level, they would hardly care about additional rules and
laws. That means the only people reporting to FinCEN are law-abiding small business owners, because big
businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses, but
it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOI rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

46
173

Ann Brooks

’m Ann Brooks Ballard and have a small business that does 2 rental properties and a small farming
operation. | am asking you to immediately overturn the Corporate Transparency Act’s Beneficial
Ownership Information (“CTA BO!”) rule passed by Congress that unfairly targets American small
businesses. The rule violates my rights to privacy and to being presumed innocent until proven guilty. If
FinCEN wants to target criminals, they should be using the tools of our US court system, based on hard
evidence. The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report
personal, sensitive information and identification that could be used by hackers and fraudsters, placing
my business and that of millions of others at risk. | shouldn’t have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach. The stated reason for
the rule is to prevent financial crimes, such as those committed via money laundering and cartel activity.
It is unlikely that any individual who would engage in such unlawful acts would voluntarily give accurate
information willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they
would hardly care about additional rules and laws. That means the only people reporting to FinCEN are
law-abiding small business owners, because big businesses are exempt from the rule reporting
requirement. Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t
comply, even by accident. Why should law-abiding small business owners be threatened with jail time
and financial penalties? Small businesses make up the backbone of the United States economy. We
provide vital goods and services, generate significant economic activity, and create employment for
ourselves and others. Yet, the US government always seems to favor big businesses, and the CTA BOI
rule is just another example of the government tipping the scale in favor of the big guys. It is a challenge
to be a small business owner but also a privilege. We just want to be left to be a vital and vibrant part of
the US economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and
revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small
business owners. Thank you.

Ann Brooks Ballard/ Ballard Family LLC, Willow Pond Farm LLC, Rural Rental Residences LLC

47
174

Edward Banz

1am asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy, | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

Edward Banz
Aries Automation

48
175

Curtis Barnes
\'m Curtis Barnes and have a small business that repairs and restores clocks.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. ff FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

it is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Curtis Barnes

49
176

John Lachenmayr

’'m John Lachenmayr and have a small business that produces oil in Kansas. | am asking you to immediately
overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule passed by
Congress that unfairly targets American small businesses. The rule violates my rights to privacy and to being
presumed innocent until proven guilty.

Directly from the Fincen website: Alert: FinCEN has learned of fraudulent attempts to solicit information
from individuats and entities who may be subject to reporting requirements under the Corporate
Transparency Act.

Meanwhile, because of fraud | have to go through extra steps just to pay payroll taxes. Plus the additional
burdens from EPA, DOT, OSHA, Fish and wildlife and state agencies.

Please, let the American small business do their thing. Congress needs to spend their time making and
adhering to a budget.

Thank You
John Lachenmayr

50
177

Craig Bartschi

(’m Craig Bartschi and have a smail business that does Bottled water and coffee delivery. | am asking you
to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA
BOI") rule passed by Congress that unfairly targets American small businesses. The rule violates my
rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target criminals,
they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule is not
only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-
Corp and being a target of government overreach. The stated reason for the rule is to prevent financial
crimes, such as those committed via money laundering and cartel activity. It is unlikely that any
individual who would engage in such unlawful acts would voluntarily give accurate information willingly
to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly care
about additional rules and laws. That means the only people reporting to FinCEN are law-abiding small
business owners, because big businesses are exempt from the rule reporting requirement. Not only is
this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by accident.
Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys. It is a challenge to be a small business
owner but also a privilege. We just want to be left to be a vital and vibrant part of the US economy. |
respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners. Thank
you.

Craig Bartschi Idaho Springs Water Co.

51
178

Kyle Batisch
I'm Kyle Batisch and have a small business that does custom jewelery.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BO!”} rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. it is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Kyle Batisch KT Diamond Jewelers

52
179

Denise Duncan
My Name is Denise Duncan. | have a small business in Pomona, California.

In addition to my trash bill increasing 158%, insurances up 22%, gas doubling in price, twenty dollar an
hour minimum wage for fast food workers (which will drive all wages up), we, small business owners are
required to register as criminals under this outrageous law. We will face huge fines and jail time??
Seriously?!

Do you know what the average small business owner earns? It’s less than $70,000 per year. We are
treated and looked upon as dirt bag, greedy, dishonest employers, who exploit, mistreat, enslave and
under pay our employees. We are viewed as liars, cheats and thieves. Every single rule and regulation
some delusional elected or appointed official can possibly concoct to extort more money from us you've
managed to actually concoct.

| will shut my business down before complying with any more of this nonsense. Oh. And. By the way.
Fun fact. Small business is the largest employer in the nation. It’s not multinational corporations, or the
Amazons, Costcos and Walmarts scattered throughout the country. It’s little guys like me in huge
numbers across this great nation. Small business is the nucleus of the country.

I'm tired of the tyrannical overreach of government. I’m tired of nameless faceless bureaucrats who’ve
never run a lemon aid stand much less a small business dictating how | must run mine. But what | am
seriously tired of are career government workers (many of whom have never worked in the private
sector) concocting laws and regulations that sound perfectly sensible to you but when applied in the real
world aren’t tenable,

Now??! NOW!! We are being required to prove we aren’t criminal cartel members laundering money??
ARE YOU KIDDING ME?!?!?

Our state and federal governments are utterly out of control. YOU are the real problem. YOU guys are
the actual crooks. You make millions through insider trading, backdoor deals, non for profits that
launder your money. Are you going to draft legislation making it illegal for members to stock trade while
in office? How about all the favors, jobs, positions, contracts you hand out like candy to your friends,
family members and big fat donors. How about all the favors, jobs, positions and contracts YOU get in
return for your conflict of interest “business” dealings.

Lastly, allow me take this opportunity to remind you that YOU WORK FOR US!!! WE] ARE YOUR
EMPLOYER! NOT the other way around! You, yes YOU are the real money laundering criminal cartel
members!!!

Respectfully,

Denise H. Duncan

53
180

Amanda Bauer

ALeeB Creative LLC
amanda@aleebcreative.com
Aurora Colorado

i'm Amanda Bauer and have a small business that focuses on quilt pattern design and custom long arm
quilting. | am asking you to immediately overturn the Corporate Transparency Act’s Beneficial
Ownership Information (“CTA BOI”) rule passed by Congress that unfairly targets American small
businesses. The rule violates my rights to privacy and to being presumed innocent until proven guilty. If
FinCEN wants to target criminals, they should be using the tools of our US court system, based on hard
evidence. The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report
personal, sensitive information and identification that could be used by hackers and fraudsters, placing
my business and that of millions of others at risk. | shouldn’t have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach. The stated reason for
the rule is to prevent financial crimes, such as those committed via money laundering and cartel activity.
It is unlikely that any individual who would engage in such unlawful acts would voluntarily give accurate
information willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they
would hardly care about additional rules and laws. That means the only people reporting to FinCEN are
law-abiding small business owners, because big businesses are exempt from the rule reporting
requirement. Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t
comply, even by accident. Why should law-abiding small business owners be threatened with jail time
and financial penalties? Small businesses make up the backbone of the United States economy. We
provide vital goods and services, generate significant economic activity, and create employment for
ourselves and others. Yet, the US government always seems to favor big businesses, and the CTA BOI
rule is just another example of the government tipping the scale in favor of the big guys. It is a challenge
to be a small business owner but also a privilege. We just want to be left to be a vital and vibrant part of
the US economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and
revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small
business owners.

Thank you.
Amanda Bauer
ALeeB Creative

54
181

Ralph Edwards
Workable Design

lam Ralph Edwards, my business is Workable Design. | provide clients with architectural design work in
order to obtain building permits, the first step in a construction project. Construction projects fuel the
economy. | struggle to survive in this economy as it is. Inflation and the rising interest rates created by
the Biden administration have really hurt the construction business. The last thing | need is another
regulation to burden an already over regulated business environment.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. Why should law-
abiding small business owners be threatened with jail time and financial penalties? If | was to screw up
and violate the rules of this, the fines and jail time would put me out of business.

| have been providing good service to my community for over 30 years now, this kind of overreach will
be pushing me to retirement. | respectfully ask Congress to immediately overturn the powers given to
FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally target
American small business owners.

Thank you,
Ralph Edwards
Workable Design

55
182

Bryan Beatty
EBW Financial Planning
bbeatty@ebwlic.com

www.ebwiic.com
1919 Gallow Rd Suite 600 Vienna VA 22182
I'm Bryan Beatty and have a small business that does financial planning and investment advice.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BO}!”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys, It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you.

Bryan Beatty
EBW Financial Planning

56
183

George Beavin
Wilkie Detailing Services, LLC
\'m George Beavin and have a small business that provides fabrication drawings for steel fabricators.

Jam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

lt respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

George T. Beavin
Wilkie Detailing Services, LLC

57
184

Karl Beckstrand

Premio Publishing & Gozo Books
648 W. Wasatch St.

Midvale, UT 84047
801-953-3793
karl@premiobooks.com

I’m Karl Beckstrand and have a small business that publishes multicultural books.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOt”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

I shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. if financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Karl Beckstrand/Premio Publishing

58
185

Tom Judge

My name is Tom Judge and {| have a small business that provides public accounting services far smail
businesses. Half of our business is advising on tax return preparation. i am asking you to immediately
overturn the Corporate Transparency Act’s Beneficial Ownership information (“CTA BOI”) rule passed by
Congress that unfairly targets American smail businesses.

We work with about 2,000 taxpayers and many have small LLCs. None of these people are aware of having
to file the BOI. Further, these LLCs may not even be active anymore. Some were created to hold property;
some were created for a small hobby type of business. The penaities are outrageous and create yet another
program to comply with when businesses are already overwhelmed wth the current reporting. When
someone sets up an LLC or small business they must register with their secretarty of state. The ste has the
information which you can use to determine who is the owner. If you need to verify some of this information
then work wtih the state and not create more burden for small business owners.

Further, the rule violates my rights to privacy and to being presumed innocent until proven guilty. If FiInCEN
wants to target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk. |shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and taws. That means the only peaple
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident.

Why should law-abiding small business owners be threatened with jail time and financial penalties? Small
businesses make up the backbone of the United States economy. We provide vital goods and services,
generate significant economic activity, and create emptoyment for ourselves and others.

Thank you. Tom Judge, CPA

59
186

Anne Beneville
'm Anne Beneville and have a small business that does Pilates & barre classes.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. it is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. if financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding smal! business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you. Anne Beneville, Better Bodies Pilates LLC

60
187

Steven Bull
Trans-Americas Holdings, LLC.

We are a small, mom and pop, real estate investment company and property management firm that
operates over two dozen single family rental homes in northern Alabama. We provide safe, clean, and
very weil maintained affordable housing to our tenants who we greatly appreciate and, in turn, most
have stayed with us for many years as they recognize our excellent care for them. In short, we are
providing a much-needed service (i.e. affordable, well maintained housing) that only the private sector
can efficiently and effectively provide. The motto on our business cards is ""Quality Rentals for Quality
Tenants."

With this as context, we are respectfully asking that Congress immediately overturn the Corporate
Transparency Act's Beneficial Ownership Information (CTA BO!) rule. For asset protection reasons, and
to operate as a formal company providing a critical service to the American public, our corporate
structure includes many LLC's that hold our various real estate holdings.

Under the new CTA BOI rule, we will be swamped with additional, time-consuming, administrative
duties.

As we handle all of the administrative and financial aspects of our business, we are already spending
literally hundreds of hours each year just to properly prepare our business and personal tax returns.
And now, one more administrative (and costly - because time is money!) headache! We understand
that this new CTA BOt rule is being applied because of concerns of money laundering and/or terrorism.
Logically, we do not believe that any criminal element that would engage in such unlawful acts would
voluntarily give accurate information to FinCEN. In summary, only law abiding and productive U.S.
citizens will be negatively impacted by this new rule.

Smail business is the life blood of the successful American economy - the most successful the world has

ever seen. Please let it do the business that only it can do cost effectively and without further obstacles
and needless cost. Thank you for your consideration of this matter.

61
188

Jax Edwards,
Jaxes Books & Accounting Corporation, operating in central Utah,

jax@jaxesbooks.com

https://jaxesfinancial.com,

Pm Jax Edwards and have a small business doing accounting for other small businesses. | am asking you
to immediately overturn the Corporate Transparency Act’s Beneficial Ownership information (“CTA
BOI”) rule passed by Congress that unfairly targets American small businesses.

| make a living by helping entreprenuers navigate the red tape of starting a business and staying
compliant with accounting standards, legal expectations, tax laws, and state regulations. While the new
CTA BOI rule is a windfall for accountants like me who can charge even more to navigate the increasingly
complex and penalty-ridden red tape, the dozens of business owners that | have taught about the CTA
BOI are terrified of this new regulation. This massive new barrier of regulation stiffles the ability of
technically experienced and sophisticated entreprenuers who merely do not have funds, experience, or
time to navigate the red-tape without the help of experts like me who have dedicated years to the study
and practice of starting businesses.

The CTA BOI rule violates my and my clients’ rights to privacy and to being presumed innocent until
proven guilty. If FinCEN wants to target criminals, they should be using the tools of our US court system,
based on hard evidence. The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking
us to report personal, sensitive information and identification that could be used by hackers and
fraudsters, placing my business and that of millions of others at risk. | shouldn’t have to choose between
the protection of a business entity like an LLC or S-Corp and being a target of government overreach.
The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement. Not only is this unfair to small businesses, but it also can turn us
into criminals if we don’t comply, even by accident. Why should law-abiding small business owners be
threatened with jail time and financial penalties? Small businesses make up the backbone of the United
States economy. We provide vital goods and services, generate significant economic activity, and create
employment for ourselves and others. Yet, the US government always seems to favor big businesses,
and the CTA BO! rule is just another example of the government tipping the scale in favor of the big
guys. It is a challenge to be a small business owner but also a privilege. We just want to be left to be a
vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOt rule and any further rules that unfairly,
unconstitutionally target American small business owners.

Thank you. Jax Edwards.

62
189

Richard Beretta
R JB Building Inc.

33 Wood Road Lincoln Ri 02865
rjbbuilding@yahoo.com

I'm Richard Beretta and have a small business that does General Contracting.

(am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding smail business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Richard J Beretta
R JB Building Inc.

63
190

Allyson Burns

My name is Allyson Burns, 66 years oid, sole member of my LLC and semi-retired. | am a bookkeeper for one
CEO for three of his companies producing financials each month. My company generates $54K annually for
its services, which does not cover my personal and business expenses. | do not understand why, under
severe penalties, | have to comply with the federal government when they already have alt my info - through
my tax returns. In my opinion, this is dictatorial behavior and severe over reach by the government and |
object and protest. | also vote.

64
191

Sharon Bethke
I’m Sharon Bethke and have a small business that does commercial and residential general contracting.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
801 rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you.
Sharon Bethke/Renovate SD

65
192

Patrick Casaday
Rock Run Enterprises LLC

I started this business with my father in 2010 to capitalize on the regional energy boom with the
Marcellus Shale. My father and | have been in the natural gas industry for a combined 60 years and have
seen the ever increasing burden of regulation compliance. The amount of permitting, reporting,
licensing, and general compliance that individuals and businesses have to put up with is absolutely
detrimental to the economic and energy freedom of Americans.

The area in which we operate is dominated by small business owners of all kinds of services. We have to
fight an ever increasing and never ending battle to maintain our existence. By adding more reporting
rules and compliance issues, the government is increasing costs and decreasing our ability to operate.
Please enforce existing laws before making more RULES to comply with.

Thank you for understanding our burden.

66
193

Amanda Blackburn
’m Amanda Blackburn, and have a small business that does flooring and cabinet installation.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American smail businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. tt is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOt rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

Amanda Blackburn
Blackburns Interiors

67
194

Trish Corlew
Hip Homeschool Moms and Homeschooi Travel Adventures

I've been an entrepreneur for decades. Before leaving corporate America to homeschool my children, |
owned an IT staffing company and placed VPs at Walmart and other Fortune 500 companies. | have
never seen an environment so anti-small business and it is getting very overwhelming for us to keep up,
fet alone comply, with all the government requirements to be in business.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOt”) rule, which Congress passed and unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

1 shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach,

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial!
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner, but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to hear us! Please immediately overturn the powers given to FinCEN and
revoke the CTA BOI rule and any further rules that unfairly and unconstitutionally target American small
business owners.

Thank you.

Trish Corlew
Hip Homeschool Moms and Homeschool Travel Adventures

68
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Fred Dalton

| have had it dealing with the idiots in Washington. After 35 years in business, they have systemically
destroyed small business people but have always backed large corporations mainly because of campaign
donations. i'm sick of all of them, especially the Democrats but the Republicans aren't much better.

Most of Congress members have never managed a business. Most couldn't get a real job because they
are clueless. | have a saying. Do you know what an inspector is? | failed contractor! That's what
Congress is. They have failed in the real world so they've gone to Washington to tell us how to live.
Here's a thought, TERM LIMITS! The general public doesn't need you and doesn't want you. Good God,
just shut the hell up Congress and get out of our lives.

Fred Dalton
Capitol Renovations LLC

69
196

Robyn Blaschak
Robyn Blaschak Consulting, LLC
www.robyn.blaschak.com

I'm Robyn Blaschak and have a smail business that does business consulting, bookkeeping & notary
services.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

{ shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. ff financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Robyn Blaschak, President/Owner
Robyn Blaschak Consulting LLC.

70
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Erik Eastham
Eastham Law Offices

As an attorney who establishes and councils many smail businesses, | have discovered nearly all my
clients are unaware of the requirements FINCEN imposes. The businesses that do, are all accounting
firms. | have clients that have chosen to retire and close their business years early rather than comply
and none of the accounting firms are willing to assist a business client with the filing; they refer the
client to an attorney. Additionally, the rules require the filer (including an attorney or anyone assisting
with the filing) to also file with FINCEN, this results. Finally, the fact that FINCEN will not require
plaintiffs in National Small Business United v Yellen but still require all other small businesses to file is
unprecedented! Its illogical to admit unconstitutional for plaintiffs and not in all non plaintiff small
businesses.

71
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Joyce Blue
Empowering You Life Enhancement Coaching LLC
empoweringyoulec@gmail.com

"ra Joyce Blue and have a small business that does Women’s Empowerment and Money Relationship
Coaching.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

I shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
.by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example

of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Joyce Blue/ Empowering You Life Enhancement Coaching LLC

72
199

Isabel Hogue
The Hogue Company LLC
4320 N Monolith Ct, West Lafayette, IN 47906

fam Isabel Hogue, a small business owner. | work from my home selling Medicare Health Insurance Plans. |
began my business, operating as a sole proprietor, in 2008.

| ask you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA
BOI”) rule passed by Congress that unfairly targets American smali businesses.

The CTA BO! rule is clearly unconstitutional. It violates my

* Constitutional rights to privacy

* Constitutional right to the presumption of innocence until proven guilty.

The rule puts me and every other small business at sign'ficant risk by:

1. requiring us to report personal sensitive information that can be used by hackers and criminals.

2. requiring me to report personally identifying information that can be used by hackers and criminals.

3. setting me up for HIPAA violations in the event of a data breach. HIPPA violations present an enormous
liability to my business and to me personally because | am being required to give data to a third party (a

government agency) over which | have absolutely no control.

itis frustrating to realize that my decision to protect my sole proprietor business by recently setting up a
Single Owner LLC has made me the target of government surveillance and overreach.

If FiNCEN really and truly wants to target criminals, then they can use the existing Constitutional means
provided through the court system. Government surveillance actions and data collection should not be
universally required, but rather, should be selective, court authorized, and based on hard evidence of
criminal activity.

Congress MUST immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and any
further rules that unfairly, unconstitutionally target American small business owners.

Isabel Hogue, Owner
The Hogue Company LLC

73
200

Miranda Boclair

Aeon Wellness Naturopathic Medicine

5005 200th St SW, Ste B, Lynwood WA 98036

I'm Miranda Boclair and have a small business that does primary medical care.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don't comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

{tis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Miranda Boclair
Aeon Wellness Naturopathic Medicine, Owner

74
201

Scott Boles

Well Seasoned Kitchens LLC DBA: Yabos Tacos
scott@yabostacos.com

www.myyabos.com

I'm Scott and have a small business in the restaurant business. | feel like we are low hanging fruit to all
legislators since Covid. We we told to close our restaurants because of the spread of disease while big
box stores and grocery stores that could hold a hundred times more people than our small restaurant
were able to stay open to the public and made profits | could only dream of, while | lost more than half a
million dollars and closed to of my locations.

Again in this case you're targeting the little guys that are already killing ourselves to try to make a living
ona margin that is becoming more and more unachievable due to severe inflation and unreasonable
wages we are forced to pay our employees currently.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk. | shouldn’t have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. if financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement. Not only is this unfair to small businesses, but it also can turn us
into criminals if we don’t comply, even by accident.

Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys. It is a challenge to be a small business
owner but also a privilege.

We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask Congress to
immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and any further rules

that unfairly, unconstitutionally target American small business owners.

Thank you.

75
202

Jared Bonner
Crossmark Realty Inc.
www.crossmarkrealty.com

I'm a proud American (US) citizen and have a small business that specializes in Real Estate. | also have
several other small businesses - a collection of several LLC's and one S corp.

1am asking you, our government representatives, to immediately overturn the Corporate Transparency
Act’s Beneficial Ownership information (“CTA BOI”) rule passed by Congress that unfairly targets
American small businesses.

The rule violates my rights (and the rights of millions of Americans) to privacy and to being presumed
innocent until proven guilty. If FinCEN wants to target criminals, they should be using the tools of our US
court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. if financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys. (Don't forget, the 'BIG GUYS' were once
‘small guys’ - starting their businesses in garages, in dorm rooms, in their living rooms...)

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Jared Bonner
Crossmark Realty Inc.

76
203

Ted Bowilds
innovative Perspectives, LLC
Gainesville, VA

I'm Ted Bowlds and have a smail business that does aerospace consulting.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. if financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you,

Ted F Bowlds
Innovative Perspectives

77
204

Jean Braziel
Statewide Drilling, Inc.

tam Jean Braziel and have a small business that does Water well sytems. | am asking you to immediately
overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule passed by
Congress that unfairly targets American smail businesses. The rule violates my rights to privacy and to
being presumed innocent until proven guilty. If FinCEN wants to target criminals, they should be using
the tools of our US court system, based on hard evidence. The CTA BO! rule is not only unconstitutional,
but creates privacy issues, asking us to report personal, sensitive information and identification that
could be used by hackers and fraudsters, placing my business and that of millions of others at risk. |
shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. The stated reason for the rule is to prevent financial crimes, such as
those committed via money laundering and cartel activity. It is unlikely that any individual who would
engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial
criminals are willing to break the laws at such a level, they would hardly care about additional rules and
laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small
businesses, but it also can turn us into criminals if we don’t comply, even by accident. Why should law-
abiding small business owners be threatened with jail time and financial penalties? Small businesses
make up the backbone of the United States economy. We provide vital goods and services, generate
significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BO! rule is just another example of the government
tipping the scale in favor of the big guys. It is a challenge to be a small business owner but also a
privilege. We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI! rule and any
further rules that unfairly, unconstitutionally target American small business owners. Thank you. Jean
Braziel Statewide Drilling, Inc.

78
205

Victor Ciardi
Ciardi Sheep Company

| am looking to expand my Small Ranch and Training Business and starting a LLC but this is not helping
no small business only big businesses , who would be more inclined to launder money for Rich Cartel
Bosses as they could hide it much easier then small businesses

This is so unconstitutional it must be stopped in its tracks, And is definitely an overreach of government.

79
206

Amy Brotherman
My Three Readers

\'m Amy Brotherman, and have a small business that creates and sells digital and printable phonics
activities to teachers and parents of young beginning readers. | began my company in the margins of my
day to help pay for my youngest adopted special needs son's therapies, doctor's appointments, and
special schooling. Over time it has become a profitable, thriving business.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOt’) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident, Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

it is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO}
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Amy Brotherman
My Three Readers
shop.mythreereaders.com

80
207

Todd Hess

1am Todd Hess and have a smail business that does Consuiting Engineering. | am asking that you
immediately overturn the Corporate Transparency act's BOI rule passed by Congress that unfairly targets
American small businesses. The rule violates my rights to privacy and to be presumed innocent until proven
guilty. If FinCEN wants to target criminals, they should be using the tools of our US court system, based on
hard evidence! The CtaBO! rule is not only unconstitutional, but creates privacy issues, asking us to report
PERSONAL, SENSITIVE INFORMATION and I.D. that can be used by hackers, fraudsters, and criminals,
placing my business and millions of other small businesses at risk. This IS GOVERNMENT OVERREACH and
ENDOSCOPIClike! We just want to be left alone and do business as we are LISCENCED TO DO!

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unconstitutionally target AMERICAN SMALL BUSINESS OWNERS.

Thank You,

Todd Hess V.P.

HESS ENGINEERING Calvert City, KY

81
208

Brandon Brown
Spokane Spas Inc.
'm Brandon Brown and have a small business that does hot tub sales and repair.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws, That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Brandon D. Brown Spokane Spas Inc.

82
209

Shannon Hill
Ozark weitding and repair

| strongly disagree with this bill, | work 12 - 14 hours per day to make sure my people have a job, | have went
without myself to make sure my people have a paycheck. So this is just one more hoop a small business has
to jump through to be in regulation. Why is it that only small businesses has to file these, why not large ones
as well???? Seems almost like we are picked on and singled out. If you need or want to contact me please
feel free. Thank you

83
210

John Brozovsky
2017 Centre Ave LLC
BrozovskyJohn@gmail.com

’'m John Brozovsky and have a small business that owns and rents one piece of real property and does
no other business.

Lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smal! businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. {f financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

John Brozovsky
2017 Centre Ave LLC

84
211

Lettie Bryant
Pro Environmental Services

I'm Lettie Bryant and have a small business that does Fire and Water Restoration.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO} rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. |shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. it is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you.

Lettie Bryant
Pro Environmental Services

85
212

Dr, Kevin Burkman

My name is Dr Kevin Burkman, | am a true American dream. | failed the 2nd and 6th grade, ended up in
the same grade as my younger brother. | was in special education till | dropped out in the 10th grade. !
joined Job Corps, got my GED, joined the military got my bachelors, masters and doctorate and served
24 years...retiring as a O-3. | am now the proud owner of Burmerican Nation LLC, we make metal
products knives, hand rails sculptures etc, and rehab classic cars. | teach recovering alcoholic and drug
addicts with this company. | pocket NO MONEY.

This is a gross over reach of the Federal Government. This new rule is a presumption of and or
prevention in a potential violation of a crime that may be commuted like money laundering. Intent to
start a company and a launder money of which is a small percentage of the cohort. So we are going to
make everyone suffer for the few. That means the government is implying all small business have
potential intent. All of which violates several tenants of the Constitution, does it not? To say this rule is
to root out and prevent money laundering would not think it to be more reasonable to look at LLC that
are off shore registered with-out assets or a physical footprint. A great example that you may not

be aware of, however the Biden crime family that meets the definition for a Reco violation.

My small business | use to fund and pay for mentoring and training alcoholic and drug addiction here in
Appalachia. Why, because no one else will. It's a big business and nonprofit money sucking machine. If |
take Fed money | am then held to your stupid DE! requirements and | would rather spend my time more
wisely. | don't do this for fame or fortune. I'm disgusted by the majority of the lack of character and
moral values that do not exist with in your halls.

Let me be Frank here, you have a group of snoots that sit up on the hill. That dictate to the outer fringe
and tell us what we should or should not do. You have a member that was having an affair with a
Chinese spy, you have openly antisemitic members and openly racist members, you have self-serving
members that are there to enrich themselves. Yet you don't expel any of them or hold them
accountable., because you selfishly self regulate, several of your members on the ethics committees
including the chair, are buying stock using insider trading.! You have open prosecution of a political
opponent, you have a formers Secretary of State commit treason and involved in gun running. You
don't control the purse nor even try to define the lines between the government's branches. What |
wrote here is really how the people see you. In you pious buildings up on the hill, selfish and looking
down on us. Nothing happening and no one ever going to be held accountable. No one going to jail or
charged with a real crime. Nothing changing.

Kevin.burkmani@me.com
573-821-1904

86
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Brian Burris
Michiana Cabinetworks

This is insanity. You're trying to make criminals out of honest business people. Enough is enough and we
will not take it any longer. Many of us pay and exorbitant amount in taxes every year in the last thing we
need, nor will accept this further over reach.

87
214

State-Licensed Electrician
[submitted with just initials}

The reason i am writing is because most states that require a skilled tradesperson to hold a professional
state contractors license (ex licensed plumber, licensed electrician) are required to set up a registered
business in their name. Many states like mine dont have any other state journeyman test, there is only a
contractors exam. So, for many professional skilled trades employees, in order to get state licensed,
they are required to open an IIc/s corp/c corp etc, although they do not even use this "business" license,
but only carry the license as employees who have passed rigorous testing(a benchmark). This new ruling
would be unfair to people who have a professional license (akin to achieving a degree in the white collar
professions) who are merely wishing to excel at their craft by studying and passing masters exams.
These people are masters in their crafts. It is bad enough that they are forced to setup businesses they
do not use, now they have one more level of red tape and bureacracy to attend to just because they
chosr to excel in their field.

88
215

Tom Calabrese

Heilo -!'m Tom Calabrese and have a small business that does hydrogeological consulting for clients in
Oregon, Washington, and California. | am asking you to immediately overturn the Corporate
Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule that unfairly targets American
small businesses. T

he rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants
to target criminals, they should be using the tools of our US court system, based on hard evidence. The
CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk. | shouldn’t have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. {f financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding smal! business owners, because big businesses are exempt
from the rule reporting requirement. Not only is this unfair to smail businesses, but it also can turn us
into criminals if we don’t comply, even by accident.

Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others.

Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just another
example of the government tipping the scale in favor of the big guys. It is a challenge to be a small
business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners. Thank
you.

Thomas J Calabrese, RG, PG, LHg, CWRE
Principal Hydrogeologist

President

EnviroLogic Resources, Inc.

PO Box 80762

Portland, OR 97280-1762
www.h2ogeo.com

89
216

Tari Carison
TARI L. CARLSON, P.A.

I'm Tari Carlson and have a smail business that does Real Estate sales. | am asking you to immediately
overturn the Corporate Transparency Act’s Beneficial Ownership information (“CTA BOI”) rule passed by
Congress that unfairly targets American small businesses. The rule violates my rights to privacy and to
being presumed innocent until proven guilty. If FinCEN wants to target criminals, they should be using
the tools of our US court system, based on hard evidence. The CTA BOI rule is not only unconstitutional,
but creates privacy issues, asking us to report personal, sensitive information and identification that
could be used by hackers and fraudsters, placing my business and that of millions of others at risk. |
shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. The stated reason for the rule is to prevent financial crimes, such as
those committed via money laundering and cartel activity. It is unlikely that any individual who would
engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial
criminals are willing to break the laws at such a level, they would hardly care about additional rules and
laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to smail
businesses, but it also can turn us into criminals if we don’t comply, even by accident. Why should law-
abiding small business owners be threatened with jail time and financial penalties? Small businesses
make up the backbone of the United States economy. We provide vital goods and services, generate
significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BO! rule is just another example of the government
tipping the scale in favor of the big guys. It is a challenge to be a small business owner but also a
privilege. We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and any
further rules that unfairly, unconstitutionally target American small business owners.

Thank you. Tari Carlson/TARI L. CARLSON, P.A.

90
217

Melinda Gotden
Golden Organix LLC

I’m working so hard to keep my family in food.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smali businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity tike an LLC and being a
target of government overreach. The stated reason for the rule is to prevent financial crimes, such as those
committed via money laundering and cartel activity. itis unlikely that any individual who would engage in
such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial criminals are
wilting to break the laws at such a level, they would hardly care about additional rules and laws. That means
the only people reporting to FinCEN are law-abiding small business owners, because big businesses are
exempt from the rule reporting requirement. Not only is this unfair to small businesses, but it also can turn
us into criminals if we don’t comply.

How is this only targeting small businesses?
Not targer corporations? Why?
Please stop this.

Melinda Golden

91
218

Donna Carroll
Pet’s Best Friend

’'m Donna Carroll and have a small business that does Dog walking & Pet Sitting. | am asking you to
immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BO!”)
rule passed by Congress that unfairly targets American small businesses. The rule violates my rights to
privacy and to being presumed innocent until proven guilty. if FinCEN wants to target criminals, they
should be using the tools of our US court system, based on hard evidence. The CTA BO! rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn't have to choose between the protection of a business entity like an LLC or S-
Corp and being a target of government overreach. The stated reason for the rule is to prevent financial
crimes, such as those committed via money laundering and cartel activity. It is unlikely that any
individual who would engage in such unlawful acts would voluntarily give accurate information willingly
to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly care
about additional rules and laws. That means the only people reporting to FinCEN are law-abiding small
business owners, because big businesses are exempt from the rule reporting requirement. Not only is
this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by accident.
Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys. It is a challenge to be a small business
owner but also a privilege. We just want to be left to be a vital and vibrant part of the US economy. |
respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners. Thank
you. Donna Carroll/Pet’s Best Friend

92
219

Mike Chase
Chase Enterprises, Inc.

\’m Mike Chase and have a small business that does Trucking/Owner/Operator. | am asking you to
immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”)
rule passed by Congress that unfairly targets American small businesses. The rule violates my rights to
privacy and to being presumed innocent until proven guilty. if FinCEN wants to target criminals, they
should be using the tools of our US court system, based on hard evidence. The CTA BOI rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk, | shouldn’t have to choose between the protection of a business entity like an LLC or S-
Corp and being a target of government overreach. The stated reason for the rule is to prevent financial
crimes, such as those committed via money laundering and cartel activity. It is unlikely that any
individual who would engage in such unlawful acts would voluntarily give accurate information willingly
to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly care
about additional rules and laws. That means the only people reporting to FinCEN are law-abiding small
business owners, because big businesses are exempt from the rule reporting requirement. Not only is
this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by accident.
Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys. It is a challenge to be a small business
owner but also a privilege. We just want to be left to be a vital and vibrant part of the US economy. |
respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI!
rule and any further rules that unfairly, unconstitutionally target American small business owners. Thank
you.

93
220

Jennifer Chinchilla,
GESCO, Inc.,

711 4th Street,

Beaver Falls, PA 15010.

'm Jennifer Chinchilla, and | am part of a 3 generation small business that does repair and maintenance
for the steel industry.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BO!”} rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system based on hard evidence. The CTA
BOI rule is not only unconstitutional but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between protecting a business entity like an
LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to prevent
financial crimes, such as those committed via money laundering and cartel activity. It is unlikely that any
individual who would engage in such unlawful acts would voluntarily give accurate information willingly
to FinCEN, If financial criminals are willing to break the laws at such a level, they would hardly care
about additional rules and laws. That means the only people reporting to FinCEN are law-abiding small
business owners because big businesses are exempt from the rule reporting requirement. Not only is
this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by accident.
Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys. It is a challenge to be a small business
owner but also a privilege. We want to be left to be a vital and vibrant part of the US economy. |
respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly and unconstitutionally target American small business owners.

Thank you.

Jennifer Chinchilla,
GESCO, Inc.

94
221

Jonathan Ford

My name is Jonathan Ford, and | am the owner of Richmond Digital Color, inc., an S-corporation founded in
1998.

As in so many other cases, my governmentis treating me like a criminal instead of the actual criminals.
Respectfully, congress should immediately overturn the CTA BOI rule, another example of gross

government overreach, designed to punish the good guys.

Thank you.
Jonathan Ford

95
222

Michael Christiansen
President of Christiansen Wealth Management, LLC

lam Michael Christiansen of Coeur d’Alene, Idaho and have a smail business that does investment
management and financial planning for families.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI") rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident, Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

Sincerely,
Michael Christiansen, President of Christiansen Wealth Management, LLC

96
223

Michael Hyde
All About Water

The CTA BOL is an unconstitutional 'rule' created by the executive branch, with the power of punishment that
can only (legally) be legislated by congress. [tis the tip of the spear being thrust into the side of the
American economy. This is ultimately designed to eliminate small businesses and allow them to be
gobbled up by large stakeholder’ businesses. The architects of this program want to end Capitalism, and
they know that small businesses are the engine of Capitalism.

This is exactly what happened to the small banks after congress ‘regulated’ the banking industry. What
caused the disappearance of the ‘Black Walt Street? They were ‘regulated’ out of existence by a corrupt
congress at the behest of the large banks that did not want to ‘compete’. Even Xi Jinping ‘decentralized’ his
banking (reference: Richard Werner interview) and created 500 smaller regional banks once he understood
the role that small bank lending has on money creation.

Centralization is the death and decay of industry and our economy. Smail business capitalism is the source
of innovation and prosperity. Without small business capitalism, the remaining large 'stakehotder'
business become soul-less bureaucrats with no accountability and no motivation to improve or innovate.
As evidence, | present the health care industry. Delivery and pricing has not improved in the last 10 years.

There were very intelligent, motivated and committed people in the Soviet Union who tried without success
to make a centralized economy work. Even China has realized that allowing some (albeit limited) form of
‘entrepreneurial’ business ownership is the only way to prevent bureaucratic strangulation of all industrial
activity. And still, their system does not reward risk-takers, so no one will take risks. All new technology
must be ‘appropriated’ from other countries where creative efforts (and the failure that is part of that risk) is
encouraged.

American capitalism has been the engine of technological advancement for well over a century. The
everyday lives of each and every person in the entire world is better because of innovations that began here
in this country. Do not allow idealogues to push us backwards in time as they attempt to destroy
capitalism. America can and should be moving forward to improve health and life for humanity.

97
224

Earl Clark
Lightup Discount Tobacco & Glass

I'm Earl Clark and have a small business in the vape industry.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

it is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Earl Clark ""Lightup Discount Tobacco & Glass

98
225

Richard K Clark, PA
'm self-employed and have a smail business that does Home Watches & handyman services.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you.
Richard K Clark/Richard K Clark, PA

99
226

Norman D Clough

Coastal General Construction inc.
731 Main St Ogunquit ME 03907

I'm Norman Clough and have a smail business that does general contracting.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BO!”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you.
Norman Clough Coastal General Construction Inc.

100
227

Barry Cohen
AdLab Media Communications LLC

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI") rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty, If FInNCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident, Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others, Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. it is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

Barry Cohen, AdLab Media Communications LLC

101
228

Craig Collins, Waves of Life LLC

('m Craig Collins and have a small business that does Network Marketing in the Health and Weliness
field. 1 am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smail businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOt rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners, Thank you.

Craig Collins/ Waves of Life LLC

102
229

Jane Conboy;
Bonnie Vale Inc/Twin Tier Fire & Safety Services;
14180 State Route 267 Montrose PA 18801;

I'm Jane Conboy and my husband and | have a smail business that does maintenance/repairs on
emergency apparatus and seil fire trucks.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. it is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you.
Jane Conboy, Bonnie Vale Inc/Twin Tier Fire and Safety Services

103
230

Allen K. Dameron, Dameron & Assoc., LLC

’'m Allen Dameron and have a small business that does personal training.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI") rule passed by Congress that unfairly targets American small businesses, The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOt rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small business
owners,

Thank you,
Allen K. Dameron, Dameron & Assoc., LLC

104
231

Fred Francis
Xenirad LLC

1am a one person business. | do all the work, make all of my product, do all of my own billing, | have no staff.
My business is profitable but | am not large enough to employ staff to keep track of regulations such as this.
{ understand that you are trying to prevent money laundering but | do not believe that tracking every small

business is the right way to do it. | respectfully request that you do not automatically assume that every
smait business such as mine is guilty of a crime.

105
232

Diana Davis
HD Barn and Farm and Two girls and a Tractor

I'm Diana Davis and have a small business that does hauling and delivery of items such as dirt, rocks,
mulch as well as light tractor work grading driveways, removing brush and other small tractor work. Not
only is our work rewarding we are serving our community by providing fair prices for quality work.

1 am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BO!”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws which means the only
people reporting to FinCEN will be law-abiding small business owners, because big businesses are
exempt from the rule reporting requirement. Why are big businesses exempt? Historically the largest
money laundering operations are committed by large companies with unlimited resources, money and
the time to launder money. Why exempt the largest offenders?

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Respectfully, Diana Davis
HD Barn and Farm and Two girls and a Tractor

106
233

Torrey Dawley
Sandpaper Studio, LLC
sandpaperstudio.com

My name is Torrey Dawley, and ! own a smail business that has provided design and brand strategy since
2006.

Jam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence,

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

No small business owner should have to choose between the protection of a business entity like an LLC
or $-Corp and being a target of government overreach,

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. tf financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Small business owners include husbands, wives, fathers, mothers, and regular Americans
from every demographic working hard to support their families and communities. Why should these
law-abiding citizens be threatened with jail time and financial penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Torrey Dawley
Sandpaper Studio, LLC
234

Laurens DeBirk
ClearStream Environmental, Inc.

i'm Laurens DeBirk and have a small business that designs and build equipment for water and
wastewater treatment plants.

1am asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and carte! activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

Laurens DeBirk
ClearStream Environmental, Inc.

108
235

Jerry DeHart
Coastal General Construction Inc

'm Jerry DeHart and have a small business that does Construction. | am asking you to immediately
overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule passed by
Congress that unfairly targets American small businesses. The rule violates my rights to privacy and to
being presumed innocent until proven guilty. If FinCEN wants to target criminals, they should be using
the tools of our US court system, based on hard evidence. The CTA BOt rule is not only unconstitutional,
but creates privacy issues, asking us to report personal, sensitive information and identification that
could be used by hackers and fraudsters, placing my business and that of millions of others at risk. |
shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. The stated reason for the rule is to prevent financial crimes, such as
those committed via money laundering and cartel activity. It is unlikely that any individual who would
engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial
criminals are willing to break the laws at such a level, they would hardly care about additional rules and
laws. That means the only people reporting to FinCEN are law-abiding smal! business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small
businesses, but it also can turn us into criminals if we don’t comply, even by accident. Why should law-
abiding small business owners be threatened with jail time and financial penalties? Small businesses
make up the backbone of the United States economy. We provide vital goods and services, generate
significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BOI rule is just another example of the government
tipping the scale in favor of the big guys. It is a challenge to be a small business owner but also a
privilege. We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and any
further rules that unfairly, unconstitutionally target American small business owners. Thank you.

Jerry DeHart
Coastal General Construction Inc

109
236

Terry Demers
Spray Foam Technologies, inc.
terry@sprayfoaminsulate.com, sprayfoaminsulate.com

'm Terry Demers and have a small business that does spray foam insulation.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, and unconstitutionally target American small business owners.

Thank you.

Terry Demers
Spray Foam Technologies, Inc.

110
237

Ryan Denke
I'm Ryan Denke and | operate a single member professional LLC for my real estate sales (I'm a Realtor).

{am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and Jaws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners, Thank you.
238

Jeff Dennis LED Concepts USA, President

I’m Jeff Dennis and have a smaii business that does sales of LED Lights. | am asking you to immediately
overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule passed by
Congress that unfairly targets American small businesses. The rule violates my rights to privacy and to
being presumed innocent until proven guilty. if FinCEN wants to target criminals, they should be using
the tools of our US court system, based on hard evidence. The CTA BO! rule is not only unconstitutional,
but creates privacy issues, asking us to report personal, sensitive information and identification that
could be used by hackers and fraudsters, placing my business and that of millions of others at risk. |
shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. The stated reason for the rule is to prevent financial crimes, such as
those committed via money laundering and cartel activity. It is unlikely that any individual who would
engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial
criminals are willing to break the laws at such a level, they would hardly care about additional rules and
laws, That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small
businesses, but it also can turn us into criminals if we don’t comply, even by accident. Why should law-
abiding small business owners be threatened with jail time and financial penalties? Small businesses
make up the backbone of the United States economy. We provide vital goods and services, generate
significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BO! rule is just another example of the government
tipping the scale in favor of the big guys. It is a challenge to be a small business owner but also a
privilege. We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and any
further rules that unfairly, unconstitutionally target American small business owners. Thank you.

Jeff Dennis
LED Concepts USA, President

112
239

Timothy DePalma
TJD Holdings, LLC

I'm Timothy DePalma and have a small business that rents office space to a dental practice. | am asking
you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA
BO") rule passed by Congress that unfairly targets American smail businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence. The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report
personal, sensitive information and identification that could be used by hackers and fraudsters, placing
my business and that of millions of others at risk. | shouldn’t have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach. The stated reason for
the rule is to prevent financial crimes, such as those committed via money laundering and cartel activity.
it is unlikely that any individual who would engage in such unlawful acts would voluntarily give accurate
information willingly to FinCEN. {f financial criminals are willing to break the laws at such a level, they
would hardly care about additional rules and laws. That means the only people reporting to FinCEN are
law-abiding small business owners, because big businesses are exempt from the rule reporting
requirement, Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t
comply, even by accident. Why should law-abiding small business owners be threatened with jail time
and financial penalties? Small businesses make up the backbone of the United States economy. We
provide vital goods and services, generate significant economic activity, and create employment for
ourselves and others. Yet, the US government always seems to favor big businesses, and the CTA BOI!
rule is just another example of the government tipping the scale in favor of the big guys. It is a challenge
to be a small business owner but also a privilege. We just want to be left to be a vital and vibrant part of
the US economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and
revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small
business owners. Thank you.

Timothy DePalma
TID Holdings, LLC

113
240

Leon Desourdy
Coast Company Flooring

i'm Leon Desourdy and have a small business that does flooring contractor.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn't have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you.

Leon Desourdy
Coast Company Flooring.

114
241

John Devine
Fit Defense Martial Arts LLC (dba, Boise Studio of Self Defense}
BSSD83709@gmail.com

{ have a small business that trains kids and adults in self-defense and karate.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. There is no
constitutional right to collect data ‘just in case’. If FinCEN wants to target criminals, they should be using
the tools of our US court system, based on hard evidence. The criminals are not hard to find and DO
NOT COMPLY with laws such as this. That means the only people reporting to FinCEN are law-abiding
small business owners like me, because big businesses are exempt from the rule reporting requirement.
| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk. Not to mention being misused by government agencies -
something we’ve seen at an alarming rate in recent history.

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

John Devine
Owner, Boise Studio of Self Defense

115
242

Suni Devitt CCRA
I'm Suni Devitt - | have a small real estate business and pay my taxes every year.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. !f FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small business
owners,

Thank you.
Suni Devitt CCRA

116
243

Christopher Nakis

My name is Christopher Nakis and | am a 1983 graduate of the Rochester Institute of Technology in
Photographic Illustration. Since graduating | have been an entrepreneur, having owned numerous smail
businesses over the past 40 years. Below is a brief history of my years as a smali business owner:

-In 1986, | opened an auto repair business called Nakis Autocare, Inc. {which was an S Corp). This was a
business which | owned with my brother and father until | handed the business over to my brother in
1998. The business did close in 2005.

-In 1997, | started a film production company (Whitetail images, LLC). In 2000, | produced one film titled
‘Afterimage' starring John Mellencamp and Lois Fletcher (which is currently streaming on Amazon
Prime).

-In 2005, | opened a restaurant with my brother-in-law called Dogtown, Inc., which is firmly established
as a local Rochester, New York favorite. Unfortunately, my business partner/brother-in-law, covertly
stole the business and | felt | had to leave (from a business | worked so hard to heip establish) because |
could no longer deal with someone so unethical. There are many details surrounding the circumstances
of the Dogtown situation but suffice it to say, my brother-in-law revealed himself, through this process,
to be nothing but another typical left-winger.

lam currently employed at a local food distribution company called A&G Meats. This is the first time in
over 20 years that | have not been a business owner myself and am working for another company. I've
been planning on trying to open a new small business using my photographic skills for an idea for a
business, but after listening to you and Glenn Beck regarding the new treasury rules which will be
implemented, | am not sure | want to go down that road.

While | do not necessarily have the appetite to remain an employee (because the work | do now is hard
and the hours are difficult) | have bills to pay and will continue to work for this company. Clearly, this is
how an uncontrolled government with its various agencies stymie the creativity of the individual, who is
trying to explore and develop new ideas for commerce. It is discouraging and leaves individuals with few
options.

| hope this information might be of some use in your upcoming testimony before congress. | do thank
you for you time.

All my best to you and thank you for your part in this fight.
Christopher Nakis

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Marcella Dias
5 mile creek natural farms

am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

i shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

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Dale Dixon
Freedom suffers death one small cut at a time. The CTA BO! is another cut.

{am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. \

The rule violates rights to privacy and to be presumed innocent until proven guilty. If FinCEN wants to
target criminals, it should be using the tools of our US court system based on hard evidence.

The CTA BO! rule is not only unconstitutional but creates privacy issues, asking businesses to report
personal, sensitive information and identification that could be used by hackers and fraudsters, placing
millions of businesses at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. The stated reason for the rule is to prevent financial crimes, such as
those committed via money laundering and cartel activity. It is unlikely that any individual who engages
in such unlawful acts will voluntarily give accurate information to FinCEN.

If financial criminals are willing to break the laws at such a level, they would hardly care about additional
rules and laws. That means the only people reporting to FinCEN are law-abiding small business owners
because big businesses are exempt from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should taw-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys. It is a challenge to be a small business
owner but also a privilege. We just want to be left to be a vital and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly and unconstitutionally target American small business owners.

Thank you.
Dale Dixon
Dale Dixon Media

119
246

J Kyle Dougherty, President
Dougherty Insurance Agency, inc.
2420 Main St.

Stratford, CT 06615
kyle@doughertyinsurance.com

I'm J Kyle Dougherty of Dougherty Insurance and have a small insurance agency.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example

of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you,

Kyle Dougherty, CIC

120
247

Richard Eddy
Home Sweet Homecare, Inc.

I'm Richard Eddy and | have a small business that does non medical in home care for seniors.

lam asking you to immediately overturn the Corporate Transparency Act’s Ownership Information(“CTA
BOI") rule passed by congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our U.S. court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like a LLC or S-Corp and being the
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is very unlikely that any individual who would engage in such unlawful
activity would voluntarily give accurate information willingly to FinCEN. if financial criminals are willing
to break the laws at such a level, they would hardly care about additional rules and laws. That means the
only people reporting to Fin CEN are law-abiding small business owners, because big businesses are
exempt from the reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

it is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Richard Eddy
Home Sweet Homecare, Inc.

121
248

Ronaid E. Edwards
Veritas Consulting & Construction Group, LLC.

I'm Ron Edwards, and have a small business that does General Contracting. { am asking you to
immediately overturn the Corporate Transparency Act's Beneficial Ownership Information (“CTA BOI”)
rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and {aws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Ronald E, Edwards, Veritas Consulting & Construction Group, LLC.

122
249

Joseph E. Ellis tf
JOE'S RESTORATION & COLLISION LLC
jrciicO7 @gmail.com

'm Joseph E. Ellis Il and have a small business that does Automotive Restoration & Collision services.

lam asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. {f financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. | have also spoke to other small business owners in my small community that have no idea
that this even exists. Why should law-abiding small business owners be threatened with jail time and
financial penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

l respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Joseph E, Ellis Il

Manager of JOE'S RESTORATION & COLLISION LLC"

123
250

John § Ellsworth,
Western Trucking LLC,
123 East 820 South
Santaquin, Utah 84655

’'m writin in, and have a small business that does trucking locally.

(am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. if financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. it is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you.
Western Trucking LLC

124
251

David Fansler
Good Works Wood Shop LLC

fama small business operator. | make and sell decorative art wood objects for sale to the public. |
created an LLC to provide myself some liability protection in the event something goes wrong. Your
proposed requirements of unnecessary hoop jumping and registration of this small retirement business
is outrageous and | object to it.

if this goes into effect | will just simply dissolve the LLC and more than likely operate as a sole proprietor.
Or just simply shut it down

125
252

Guy Ewald

I'm Guy Ewald and have a small business that does Agriculture consulting. | am asking you to
immediately overturn the Corporate Transparency Act’s Beneficial Ownership information (“CTA BO!”}
rule passed by Congress that unfairly targets American small businesses. The rule violates my rights to
privacy and to being presumed innocent until proven guilty. If FinCEN wants to target criminals, they
should be using the tools of our US court system, based on hard evidence. The CTA BO! rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-
Corp and being a target of government overreach. The stated reason for the rule is to prevent financial
crimes, such as those committed via money laundering and cartel activity. It is unlikely that any
individual who would engage in such unlawful acts would voluntarily give accurate information willingly
to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly care
about additional rules and laws. That means the only people reporting to FinCEN are law-abiding smail
business owners, because big businesses are exempt from the rule reporting requirement. Not only is
this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by accident.
Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys. It is a challenge to be a small business
owner but also a privilege. We just want to be left to be a vital and vibrant part of the US economy. |
respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you,
Guy Ewald FAF Developments

126
253

Lynn Charles Ewald, President
Fair Acres Stock Farms, Inc.

’'m owner/operator and have a small business that does agricultural production.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Lynn Charles Ewald, President
Fair Acres Stock Farms, Inc.

127
254

Sherry Faber
Bad Pony Investments, LLC

Please overturn the CT act. Small businesses are struggling and to have another entity to sign up is more
time not spent keeping our businesses afloat.

128
255

Hannah Fader
Maria's Properties ilc
Mariaspropertiesiic@gmail.com

'm Hannah Fader and have a small business that does Property management.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement, Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners, Thank you.

Hannah Fader
Maria's Properties llc

129
256

Randall Fatica
Pack'n On The Pounds LLC

After graduating from High School, | enrolled into an Institute to become a mechanic and graduated with almost a
perfect 100%. | lined up a job to work on Harley-Davidsons and then the stock market crash of 2008 hit...

now what..

Got my pilot license. Enrolled into a four year college to become a pilot in the majors. Half-way into my college
career the hours to reach my new venture raised substantially, so much so | had to make the hardest decision to
end further progression. To continue without foresight would have left me with a lifelong struggle as a flight
instructor trying to gain THOSE kinds of hours and not everyone can afford to walk through the door for pilot
training. | would have been broke.... Then broke even more as a regional.

now what...

Switched my Major to Air Traffic Control; | believed | could salvage my years of aviation there. As | expected |
excelled TREMENDOUSLY so much so that my grades and performance almost equaled a 4.0. My professor was a
retired Tower and Tracon controller from Pittsburg and he would say to the whole simulator room (full of
students): "I'll put Randy against anyone - My money is on him"" and ""You're ability to strictly adhere to these
standards in amazing""..
So what happened...

Ever since switching to ATC the FAA came out with a Biographical Assessment Test which you had to pass to
become a controller and be sent to Oklahoma. | failed that test for 7 years until ] was now too old to become a
controller. | would receive a message each time saying "" This test was created by scientists and we have
determined you do not have the mental aptitude to excel in this field." (followed by a Red exclamation).

Come to find out the HR department at the FAA designed this Biographical Assessment Test to be rigged..,.. The
people in the HR department would hand out the answers to certain individuals to gain perfect certainty of passing
and being sent to Oklahoma. Oh, and there is a direct quote you can find from this HR department online: ""We
determined that it was too WHITE in this field"".....

{was completely robbed....
Now what...

Enrolled into a Truck driving school, graduated Top Gun and with ALL HONORS including extraordinary skill. Landed
my first job with a mega carrier, went off to train for a few weeks, then covid broke out. They assigned me to my
first truck that had NOT been sanitized so | got sick and | MEAN SICK. HR department called me and said ""save
your strength, hang in there"... Then they fired me... | continued to be sick for half a year and the other half
dealing with lingering symptoms that made it hard to balance to walk and remember things.

Now what......

Worked up the courage to see if | could land another truck driving job; | did and drove for a year and parted ways
due to the company demanding | take unsafe equipment on public roadways. They retaliated by taking my truck
with my personal belongings in it, wouldn't tell me where my things were, and most of it was stolen, Including a
very expensive rain suit top my Dad bought me.

NOW WHAT.......

My parents started having enough of this unfairness so with their angelic help and all of my money, | started the

now current venture: Single Member LLC - Owner Operator...With Inflation se high a $50,000 truck cost me
$118,000. Truck payment a month $2395.40 and insurance $1100 = $3495.40 just for that... not to mention all the

130
257

regulatory expenses, tolls, scale tickets, tools, oil changes, grease jobs, tires, OMG there's so much more and fuel
was almost $6 a Gal...

What now........

Carol, please, if you receive this... I’m nearing 40 years old, living with my parents, and | can't even afford clothing
let alone food. How does one comprehend this cruel treatment, this torment, this manslaughter of one's life.. How
could a person who has been robbed of a life possibly launder money!? ! barely have cloths to launder! My parents
feed me! | suffer excruciating depression, anxiety, my eyes twitch so bad | can’t open them sometimes. I'm not the
criminal, this system is, this is evil!

This really is too much pain to handle..

Here is my contribution to the pile of letters and added ammunition to have your back as you state the case.

131
258

Steven Feldman

The Kipling Feldman, LLC dba Huntington Learning Center Holland, OH
6638 Centers Dr

Holland, OH. 43528

feldmans@hicmail.com

I'm Steven Feldman and have a small business that does tutoring.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn't have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. {f financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you.

Steven Feldman
The Kipling Feldman, LLC

132
259

Phillip Fienen
MPAC Aviation Services LLC

My name is Phillip Fienen, | am the owner of a smail business that does Aviation repairs management consulting. i
am a Service Connected disabled Marine. | served my country honorably and swore to uphold and defend the
constitution of the United States. Now | find myself intentionally being forced into servitude to the country that !
was willing to die for. ,

i have spent the last week and a half trying to complete the 2023 Annual Integrated Economic Survey which has
been a huge burden on me and my business. It has stopped me from being able to continue trying to grow my
business in the name of doing my civic duty and I still have hours of work to do to complete this ""census"" farm
that requires me to reveal all details of my business, all of which is clearly available on my tax forms to the
government.

Now lam told that | must comply with the CTA/BOI/Fincen requirements that Congress passed which once again
will cause me hours of compliance work instead of growing my business and employing more Americans. ENOUGH
iS ENOUGH

tam asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership Information (“CTA
BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and that of
millions of others at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a target of
government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering and
cartel activity. It is unlikely that any individual who would engage in such unlawful acts would voluntarily give
accurate information willingly to FinCEN. if financial criminals are willing to break the laws at such a level, they
would hardly care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
smail business owners, because big businesses are exempt from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and services,
generate significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BO! rule is just another example of the government tipping the
scale in favor of the big guys.

It is a challenge to be a smail business owner but also a privilege. We just want to be left to be a vital and vibrant
part of the US economy.

{ respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and
any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Phillip D. Fienen

AMERICAN VETERAN trying to make a living and create jobs
Owner of MPAC Aviation Services LLC

133
260

Nicole Fischer
Hearing-Empowered Learning Pathways, LLC

\'m Nicole Fischer and have a small business that does helps teach children with hearing loss and
deafness.

!am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI") rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Nicole Fischer
Hearing-Empowered Learning Pathways, LLC

134
261

Maryann Fitzpatrick
Its For The Birds Inc

My name is Maryann Fitzpatrick and | closed my retail pet bird business three years ago. | kept the
boarding portion of my business out of my home as a convenience to my former customers, as nobody
else in my area provides this service for parrots.

I'm 68 years old, and this remnant of my business nets less than $25,000/year. How could | possibly be a
threat for money laundering?

ask you to immediately overturn the Corporate Transparency Act's Beneficial Ownership information
(“"CTA BOI") rule passed by Congress that unfairly targets American small businesses. This is a violation
of my right to privacy and presumes | am guilty until proven innocent. It also forces me to give out
personal information that could then be vulnerable to hacking.

While large businesses (which would have a much easier time hiding money) are exempt, you are
unfairly targeting the little guy. And anyone willing to commit these crimes is unlikely to submit accurate
information to FinCEN. Therefore, only the law-abiding small business owners are likely to comply, And
the burdensome penalties associated with non-compliance would make us into criminals if we fail to
comply even accidentally. Why would you feel the need to threaten someone like me, a senior citizen
trying to augment her retirement, with jail terms and crushing fines if | forget to make a minor update to
my contact information?

Please, just leave us alone to do our thing, providing needed goods and services to our communities,
and remaining contributing members of society.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you,

Maryann Fitzpatrick
its For The Birds Inc

135
262

Sandy Flom
Sandy Flom LLC & Financial Solutions MN LLC

'm Sandy Flom and have two small businesses that does Public Accountant and a Financial Planning
business.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small business
owners,

Thank you.
Sandy Flom,
Sandy Flom LLC & Financial Solutions MN LLC

136
263

Pat Folan

TBS Safety, inc

8019 Kettig Square
Daphne, AL 36526
http:/Awww.tbssafety.com

1m Pat Foian and have a small business that does safety and comptiance in the maritime sector.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership information (“CTA
BOI”) rule passed by Congress that unfairly targets American smati businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminats, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rute is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and that of millions
of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a target of
government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering and cartel
activity. It is unlikely that any individual who would engage in such unlawful acts would voluntarily give accurate
information willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding small business
owners, because big businesses are exempt from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by accident.
Why should law-abiding small business owners be threatened with jail time and financial penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and services, generate
significant economic activity, and create employment for ourselves and others. Yet, the US government always seems

to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in favor of the
big guys.

My business exists because big government decided that towing vessels must be inspected and certificated by the
USCG. This law, 46 CFR Subchapter M, has destroyed the entrepreneurial spirit in the tugboat industry, Itis now
almost impossible for a tug captain to buy a tug and go into business because the law has cost the industry so much to
comply.

itis a chatlenge to be a small business owner but also a privilege. We just want to be left to be a vital and vibrant part of
the US economy.

l respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and any
further rules that unfairly, unconstitutionally target American small business owners.

If you still feel the need to vote on something, then vote on term timits.
Thank you.
Pat Folan

CEO
TBS Safety, Inc

137
264

Darrin and Kim French
French Country Farms, LLC

\’m Kim French and have a smait business that does weddings and events at our event venue.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rute passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shoutdn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rute is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident, Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

it is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

{ respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Darrin and Kim French
French Country Farms, LLC

138
265

Jo Frisenda
Vantaggio Hair

My name is Jo Frisenda owner and operator of Vantaggio Hair. Vantaggio Hair is my barber shop which
consists of one chair and one sink. It is an 11’x8’ room and | am the only one that works there.

tam asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. { shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FINCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOI rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you.
Jo Frisenda / Vantaggio Hair

139
266

CHRISTINE GARCIA

GARCIA REALTY LLC
Christiegarcia.re@gmail.com
1593 NOAL DR

SALT LAKE CITY UT 84124

I'm Christine Garcia and have a small business that does Real Estate .

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. Itis a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you.

Christine Garcia-GARCIA REALTY LLC

140
267

Marissa Garcia-DePalma

I’m Marissa Garcia-DePalma and have a small business that does provides dental care.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BO!”} rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminats, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. if
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. itis a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Marissa Garcia-DePatma
DePalma Family Dentistry

141
268

Annette Gilman

1am Annette Gilman, my husband and | own a floorcovering business. | am asking you to immediately
overturn the Corporate Transparency Act's Beneficial Ownership Information (CTA BO!) rule passed by
Congress that unfairly targets American smail businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOt rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

i shouldn't have to choose between the protection of a business entity tike and LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional laws and rules. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don't comply, even by
accident. Why should law-abiding smal business owners be threatened with jail time and financial

Small businesses make up the backbone of our great country. We help fuel the economy, providing
products and services vital to keeping the economic activity moving and generating employment for
ourselves and others in our community. Yet the government atways seems to favor big businesses. The CTA
BOI rule is just one example of our government tipping the scales in favor of big business.

itis a challenge and, at the same time, a privilege to be a small business owner. We ask to be left to be a
vital and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American Small business owners.

Thank you,

Annette Gilman

Gitman Floors

142
269

Michael Glaubig,
Synergic Consulting LLC,

I'm Michael Glaubig and have a small business that does IT Consuiting.

fam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shoutdn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is untikely that any individual who
would engage in such uniawful acts would voluntarily give accurate information willingly to FINCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to smalt businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should taw-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOI rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a smalt business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Michael Arthur Glaubig,
Synergic Consulting LLC

143
270

Chris Glazier (Information Specailists)

’'m Chris Glazier the owner and operator a smati business that does IT consulting work for clients in
Northease Ohio.

1 am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights te privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. it is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FiInCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding smatt business owners, because
big businesses are exempt from the rute reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you.
Chris Glazier Information Specialists

144
271

Amy Gomme
Stonehorse Ranch

My name is Amy Gomme. | run a vacation rental with my family to help pay for the upkeep of our family farm
so we can retain it for future generations to enjoy. We have always obeyed by the laws of this country but
agree wholeheartedly that this law is against the constitution. We were never given a choice or were allowed
to vote it into law. Carolis right in that this is just going to target law abiding business owners. Criminals will
always find a way around this. Also, why are non for Profits and big businesses not a part of this?

145
272

Betty Hackney-Biddle RN, BSN, CCRA

I’m Betty Hackney-Biddle RN, BSN, CCRA and have a small business that does Clinical Research
Consutting.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American smalt businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to target
criminats, they should be using the tools cf our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn't have to choose between the protection of a business entity tike an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOI rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Betty Hackney-Biddle,
President, Hackney-Biddle, Inc.

146
273

Darin Hadley

\’'m Darin Hadley and have a smalt business that does concrete subcontract work.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they shouid be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is untikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it atso can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. Itis a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

DARIN HADLEY, NRC CONCRETE

147
274

Peyton Haffnerand
I'm Peyton Haffnerand have a small business that does Agronomy work.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BO!”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are wilting to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

{ respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you,

Peyton Haffner

148
275

James Halaka, Omega Leaf CBD, LLC

My name is James Halaka, the owner of Omega Leaf CBD, LLC- which is a smalt business of online retail
CBD products.

My wife and | are members of this multi-member LLC, with no other employees.
We are about as small of a “small business” as you can find.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOW”) rule passed by Congress that unfairly targets American smalt businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOt rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. itis a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you.
James Halaka, owner of Omega Leaf CBD, LLC.

149
276

Tyrone Hale

am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information
(“CTA BO!”) rule passed by Congress that unfairly targets American smalt businesses. The rule violates my
rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target criminals,
they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is untikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding smail
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

150
277

David Hamill
1313 Enterprises LLC dba Superior On-Site Services
PO Box 339, Middleburg FL 32050. www.superior-onsiteservices.com

I’m an owner/managing member and have a smail business that does blind, shade and shutter repairs. 1
also sell the same if | can't repair them.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminats, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a tevel, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

David Hamill / 1313 Enterprises LLC dba Superior On-Site Services

151
278

Joe Hansen
To Whom It May Concern,
My name is Joe Hansen, President of a small creative agency in Reno, Nevada called Hansen Creative, Inc.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BO!”) rute passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartet activity. Itis unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding smalt business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

l respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Joe Hansen
President

Hansen Creative, Inc.

152
279

T Hardey
TAWH Corporation

ma 74 year old widow, and have a small business that deters Canada Geese. | am just trying to keep a roof
over my head!

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses, The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and taws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you. Terry Hardey, President / Owner TAWH Corporation

153
280

Scott Hardin
Republic Candie Company, LLC

Please, for all sanity, PLEASE quit trying to kill small business! As a small business owner, | feel tke the
government is my greatest enemy. Between regulations and taxes, it is almost as if one cannot succeed.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartet activity. It is untikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you. Scott Hardin, Owner - Republic Candie Company, LLC

154
281

Charles Harte
I’m Charles Harte and have a small business that does sales/marketing promoting US manufacturing.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. itis untikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FINCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Charles Harte; Proficient Sourcing LLC.

155
282

Robert A. Hastings
Repco Reps, LLC
1715 Gale St.
Englewood, FL 34223

'm an entrepreneur and have a smali business that does representation for hard surface materials.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA
BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and that of mitlions
of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a target of
government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering and cartel
activity. It is unlikely that any individual who would engage in such unlawful acts would voluntarily give accurate
information willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding small business
owners, because big businesses are exempt from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by accident.
Why should law-abiding small business owners be threatened with jail time and financial penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and services, generate
significant economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in favor of the
big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and vibrant part of
the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and any
further rules that unfairly, and unconstitutionally target American smalt business owners. We did not vote for these
decision makers. It is unlikely they have owned or operated a small business and have a genuine comprehension of
the inordinate amount of time spent complying with government requirements. And now, to be proposed as possible
members of a class of criminals is just too much and needs to be stopped immediately. | am saddened to think we are
in such low esteem by government employees that are supposed to be working ‘for’ our benefit and not against
America’s hard working citizens.

Please immediately revoke all FinCen authority regarding the CTA BOI rute.

Thank you.
Robert A. Hastings, Repco Reps, LLC

156
283

Wade L. Hastings

Liberty Floors & Shades, LLC
12321 Mandarin Meadows Dive E.
Jacksonville, Fi 32223
WadeLibertyFloor@acl.com

I'm Wade Hastings and I have a small flooring business.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smalt businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shoutdn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FiNCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penatties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Wade L. Hastings
Liberty Floors & Shades, LLC

157
284

Terri Heck

I'm Terri Heck and have a VERY small business that does Chiropractic Wellness.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my privacy rights and being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach,

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are wilting to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big businesses who have the resources for an admin Staff,
counsel, and any other professional who can help them.

Being a smalt business owner is a challenge. I have a very niche market, normalizing the integrity of the
nervous system, which barely makes enough money to be worth the time and considerable effort that is
made to help patients live healthier lives. | get no sick days, no vacation, no retirement plan, no insurance
plan, unlike people who don't operate a business.

We just want to be left to be a vital and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, and unconstitutionally target American small business owners.

Please do not make it even more difficult for small businesses to make it.

Thank you.
Terri Heck, DC
In Sync Tonal Chiropractic, PC

158
285

Eric Hemphill
K&E Lawn Care

I'm Eric Hemphill and have a small business that does Lawn care.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminats, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rute
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. I shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FINCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

159
286

Thomas A. Hilgers
Phitco & Associates inc.

I'm the Office Manager at a small business that is a manufacturers’ representative and distributor to the
manufactured housing and recreational vehicle industry in the Pacific Northwest. We distribute
construction materials to manufacturers of mobile homes and RV's in Oregon, Washington, Idaho, Northern
California, British Columbia and Alberta.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smail businesses.

The rule violates our rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and that
of millions of others at risk. | shouldn’t have to choose between the protection of a business entity like an
LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to prevent
financial crimes, such as those committed via money laundering and cartel activity. It is untikely that any
individual who would engage in such untawful acts would voluntarily give accurate information willingly to
FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly care about
additional rules and laws. That means the only people reporting to FinCEN are taw-abiding small business
owners, because big businesses are exempt from the rule reporting requirement. Not only is this unfair to
small businesses, but it also can turn us into criminals if we don’t comply, even by accident. Why should
law-abiding small business owners be threatened with jail time and financial penalties? Small businesses
make up the backbone of the United States economy. We provide vital goods and services, generate
significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BO! rule is just another example of the government
tipping the scale in favor of the big guys. It is a challenge to be a small business owner but also a privilege.
We just want to be left to be a vital and vibrant part of the US economy. i respectfully ask Congress to
immediately overturn the powers given to FinCEN and revoke the CTA BO! rule and any further rules that
unfairly, unconstitutionally target American smalt business owners. Thank you.

Tom Hilgers
Office Manager

Phitco & Associates Inc.

160
287

Landan Hinson
Movers by the Lake

Hi Carol, | am smalt business owner that is very concerned about FINCEN requirements. As a small
business owner, | have been gearing up to transition my moving company over to a LLC. In light of these new
requirements, | am now very concerned about doing so. Im not sure | even want to deal with another big
headache like this considering that | believe | am currently exempt from having to file. In addition, it seems
like unnecessary risk for my company. It’s very disheartening that there’s yet another big-government
regulation hindering the growth of my business. Thank you for taking concerns like mine to Congress and
speaking on our behalf. It means more to me than | can express.

161
288

Jennifer Hoag
Jennyhoag@gmail.com

I’m Jennifer Hoag and have a small business that does personal assistant duties for individuals .

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rute is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminais are wilting to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to smalt businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

162
289

Michael Horn
President / Owner Brice's Sandhill Farm
bricessandhillfarm@gmait.com

I’m Michael Horn, the President / Owner of Brice's Sandhill Farm. | own a smail business that raises
Registered Texas Longhorns and manages our small family farm. | am a disabled veteran and upon
retirement from the United States Navy, | wanted to continue to work and provide for my community. | felt
like the best way to do that was to create an LLC to turn my passion for Longhorns and local family farms
into a business for me and my family.

am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding smalt business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the

government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Michael Horn, President/Owner Brice's Sandhill Farm, LLC

163
290

Angeta Hroncich- Angi's Bookkeeping, Inc

I’m Angela Hroncich- Angi's Bookkeeping, Inc. and have a small business that provides bookkeeping
services.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminats, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC ar S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it atso can turn us into criminals if we don’t comply, even by accident. Why should taw-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Angela Hroncich- Angi's Bookkeeping, Inc.

164
291

Josh Huber
Ashored Quality Irrigation

I've only this year started my business. I'm taking risks and busting my ass. | already work 4 months of the
year to pay federal taxes. File endless paper work. Maintain certain credentials to be able to continue
working and I'm tired of it. Leave me the hell alone!

165
292

Scott & Kathy tkier
Ike's Ranch, LLC
169 Titus LN
McCall, ID

I’m Scott Ikier, my wife Kathy and | operate a small ranch business in West Central Idaho. We area
registered breeder for our Lowline Angus cattle where we sell both Fullblood and Purebred breeding stock
and beef, raise broiler chickens and have a flock of laying hens. Additionally, we operate a temporary food
tent during the Summer at our local Farmer's Market and several local festivals.

iam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. itis untikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital goods
and services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example of
the government tipping the scale in favor of the big guys. It is a challenge to be a small business owner but
also a privilege. We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rute and any further
rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Scott & Kathy Ikier

Ike's Ranch, LLC
McCall, ID

166
293

Michael Jessup

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminats, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shoutdn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts woutd voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they woutd hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminats if we don’t comply, even by accident. Why should law-abiding smail
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOI rule is just another example of the government tipping the scale in
favor of the big guys. ft is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. I.ve worked too hard for over 20 years to have to be scrutinized in
these times of uncertainty.

Thank you.
Michael Jessup owner of Michael W Jessup Painting.

167
294

Edward Johnson
’'m Edward Johnson and have a small business that does Video Production Services.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding smatt business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys. Because of this act | have decided this year not to
renew my business license and might just go out of business altogether. The overreach of our current
government is out of control and needs oversight itself.

it is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Edward Johnson/Dragon Stayer Productions, LLC

168
295

Shawna Johnson
Honest Engine
Honestenginesales.com Honestenginemanager@gmail.com

’'m Shawna Johnson and have a small business that does small engine sales and service.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BO!”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding smalt business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to smatt businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Smalt businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rute
and any further-rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Shawna Johnson/Honest Engine

169
296

Katie Jones
i'm Katie Jones and have a small business that does computer repair.

{am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BO!”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is untikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the

US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Katie Jones/PC EMT

170
297

Steven Jones
RiverCity Industries

Smal Business are fed up and over tasked just let us do our job. { can't tell you how hard it is today to keep
50 employees and 250 Customers happy. More Taxes and more regulations will just Choke us down even
further.

Please help us to make America Great Again!!!

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rute passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is untikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to smalt businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Smalt businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Thanks

Steven Jones
RiverCity Industries
President
298

Cynthia Kelly

Okay Fine Counseling

1044 Lacey Rd.

Forked River, NJ

08731
Www.okayfinecounseling.com

i’m Cynthia Kelly and have a small business that provides mental health counseling. | am asking you to
immediately overturn the Corporate Transparency Act’s Beneficial Ownership information (“CTA BOI”) rule
passed by Congress that unfairly targets American small businesses. The rule violates my rights to privacy
and to being presumed innocent until proven guilty. If FinCEN wants to target criminals, they should be
using the tools of our US court system, based on hard evidence. The CTA BO! rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. {t is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to smatt businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionatly
target American small business owners. Thank you.

Cynthia Kelly

Okay Fine Counseling

172
299

Waylan R Kelso,

Warrior First Benefits,
waylan@warriorfirstbenefits.com
warriorfirstbenefits.com

I’m Waylan Kelso and have a small business that helps our military veterans obtain better healthcare.

Let me start by saying that | was a previously unemployed veteran who started this business to help improve
the tives of my fellow veterans and their families here in America.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
woutd engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are wilting to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding smatl
business owners be threatened with jail time and financial penaities? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, UNCONSTITUTIONALLY target American small business owners.

Thank you.

Waylan R Kelso, Warrior First Benefits

173
300

Terrett Kennard

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity tike an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. if financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionatly target American small business owners.

Thank you.
Terrell Kennard

Better Than New Toner

174
301

Martin Kenny
My name is Martin Kenny and have a small business that does cares for horses soundness needs!

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BO!”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us fo report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn't have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOI rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Thank you for your immediate consideration on my behalf! Regards, Martin Kenny Owner/ Operator of sole
proprietorship DBA Horses In Symmetry

175
302

Adam Kerchner
tam Adam Kerchner and have a small business that does various services.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI’) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. it is untikely that any individual who
would engage in such untawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
teft to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you.
Adam Kerchner / Kerchner Services, LLC

176
303

Justin Kirby

\’m Justin Kirby and have a small business that does water meter changeouts and is a small parts supplier
for water utilities.

lam asking you to immediatety overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty, and adds to my workload.
It's one more separate place where | could lose my livelihood if | forget to report or make a mistake. We're a
smali company. | do ail the paperwork and cannot yet afford to hire someone to ensure our compliance. If
FinCEN wants to target criminals, they should be using the tools of our US court system, based on hard
evidence. The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report
personal, sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk. | shouldn’t have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach. The stated reason for the
rule is to prevent financial crimes, such as those committed via money laundering and cartel activity. Itis
unlikely that any individual who would engage in such unlawful acts would voluntarily give accurate
information willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would
hardly care about additional rules and taws. That means the only people reporting to FinCEN are law-
abiding small business owners, because big businesses are exempt from the rule reporting requirement.
Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should taw-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital goods
and services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example of
the government tipping the scale in favor of the big guys. It is a challenge to be a small business owner but
also a privilege. We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule and any further
rules that unfairly, unconstitutionally target American small business owners. Thank you.

Justin Kirby

Mid Cimarron Investments, LLC

177
304

Cheri Kiuesener
352-455-9242
cheri@blingolic.com

?'m Cheri Kluesener and have a small vending machine business that does. | am asking you to immediately
overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule passed by
Congress that unfairly targets American small businesses. The rule violates my rights to privacy and to being
presumed innocent until proven guilty. if FinCEN wants to target criminals, they should be using the tools of
our US court system, based on hard evidence. The CTA BO! rule is not only unconstitutional, but creates
privacy issues, asking us to report personal, sensitive information and identification that could be used by
hackers and fraudsters, placing my business and that of millions of others at risk. | shouldn’t have to choose
between the protection of a business entity like an LLC or S-Corp and being a target of government
overreach. The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the
laws at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement. Not only is this unfair to small businesses, but it also can turn us into criminals if
we don't comply, even by accident. Why should law-abiding small business owners be threatened with jail
time and financial penatties? Small businesses make up the backbone of the United States economy. We
provide vital goods and services, generate significant economic activity, and create employment for
ourselves and others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is
just another example of the government tipping the scale in favor of the big guys. It is a challenge to bea
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the
CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you. Cheri Ktuesener, Owner, Blingo LLC

178
305

Virginia Kramer
I'm Virginia Kramer and had a small fitness center (up until we were closed via Covid lockdowns in 2020)

Even though | am no longer in business, | am asking you to immediately overturn the Corporate
Transparency Act’s Beneficial Ownership information (“CTA BO!”) rule passed by Congress that unfairly
targets American small businesses.

Being a smail business is difficult enought, especially in today's economy, but this Act takes government
interference to the next level! The rule violates my rights to privacy and to being presumed innocent until
proven guilty. If FinCEN wants to target criminals, they should be using the tools of our US court system,
based on hard evidence. The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us
to report personal, sensitive information and identification that could be used by hackers and fraudsters,
placing my business and that of millions of others at risk. { shouldn't have to choose between the protection
of a business entity like an LLC or S-Corp and being a target of government overreach. The stated reason for
the rule is to prevent financial crimes, such as those committed via money laundering and cartel activity. It
is unlikely that any individual who would engage in such unlawful acts would voluntarily give accurate
information willingly to FinCEN. If financial criminats are willing to break the laws at such a level, they would
hardly care about additional rules and laws. That means the only peopte reporting to FinCEN are law-
abiding small business owners, because big businesses are exempt from the rule reporting requirement.
Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital goods
and services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example of
the government tipping the scale in favor of the big guys. It is a challenge to be a small business owner but
also a privilege. We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule and any further
rules that unfairly, unconstitutionally target American small business owners. Thank you.

Virginia Kramer, former owner of Thrive Wellness, LLC, Grants Pass, OR 97527

179
306

William Lambert

Dream Events LLC

1001 Nor Bath Bivd
Northampton, PA 18067
610-261-3330
www.lambert-events.com

I’m the owner of Dream Events and my small business heips couples plan their wedding and other
Important life events .

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financiai crimes, such as those committed via money laundering
and cartel activity, It is unlikely that any individual who would engage in such unlawtul acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

it is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOl rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

William Lambert
Dream Events LLC

180
307

Michaet T Lami
Pristine Property of the West LLC
Mike@PristineProperty.net

Vm a Principal Broker of a small business that inciudes severai LLCs working in the real estate industry.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American smail businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shoutdn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, and unconstitutionally target American small business owners.

Thank you.

Michael T. Lami/ Pristine Property of the West LLC

181
308

Ron Landrum
Red Mound Ranch

I’m Ron Landrum and have a small business that does cattle ranching. | am asking you to immediately
overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule passed by
Congress that unfairly targets American smalt businesses. The rule violates my rights to privacy and to being
presumed innocent until proven guilty. If FinCEN wants to target criminals, they should be using the tools of
our US court system, based on hard evidence. The CTA BO! rule is not only unconstitutional, but creates
privacy issues, asking us to report personal, sensitive information and identification that could be used by
hackers and fraudsters, placing my business and that of millions of others at risk. | shouldn’t have to choose
between the protection of a business entity tike an LLC or S-Corp and being a target of government
overreach. The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. if financiat criminals are willing to break the
taws at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding smalt business owners, because big businesses are exempt from the
rule reporting requirement. Not only is this unfair to small businesses, but it also can turn us into criminals if
we don't comply, even by accident. Why should law-abiding small business owners be threatened with jail
time and financial penalties? Small businesses make up the backbone of the United States economy. We
provide vital goods and services, generate significant economic activity, and create employment for
ourselves and others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is
just another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the
CTA BO! rule and any further rules that unfairly, unconstitutionally target American small business owners.
Thank you.

182
309

Alex A. LaRoche
Moser Jewel Company
518 State Route 57
Phillipsburg, NJ 08865

\'m Alex A. LaRoche and have a small business that manufactures critical industrial components for various
Defense Contractors.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at sucha level, they would hardly care about additional rules and laws. That means the only peopte
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penaities?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a chatlenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American smalt business owners.

Thank you.

Alex A. LaRoche / Moser Jewel Company

183
310

David Lawrence

Northern Peaks LLC

dba Garage Experts of Lake City

david. lawrence@garageexperts.com
https://www.garageexperts/locations/take-city

I'm David Lawrence and { have a small business that does Epoxy coatings and garage storage solutions.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smait businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is untikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
tule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should taw-abiding small business owners be threatened with jail time and financial
penalties?

Smalt businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American smail business owners.

Thank you.
David Lawrence

Northern Peaks LLC

184
311

Samuel Legard
?'m Samuel Legard and have a smal business that does Retail Medical Supplies.

fam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

I shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. Itis unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Samuel Legard
Bridges Medical Supplies

185
312

Dr. Bridget Lehmann, NMD

I’m Bridget Lehmann, NMD and have a small business that does Naturopathic Medicine, nutrition coaching
and personal training . | am asking you to immediately overturn the Corporate Transparency Act’s Beneficial
Ownership information (“CTA BO!”) rule passed by Congress that unfairly targets American small
businesses. The rule violates my rights to privacy and to being presumed innocent until proven guilty. If
FinCEN wants to target criminals, they should be using the tools of our US court system, based on hard
evidence. The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report
personal, sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk. | shouldn’t have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach. The stated reason for the
rule is to prevent financial crimes, such as those committed via money laundering and cartel activity. Itis
unlikely that any individual who would engage in such unlawful acts would voluntarily give accurate
information willingly to FinCEN, If financial criminats are willing to break the laws at such a level, they would
hardly care about additional rules and laws. That means the only people reporting to FinCEN are law-
abiding small business owners, because big businesses are exempt from the rule reporting requirement,
Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital goods
and services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example of
the government tipping the scale in favor of the big guys. It is a challenge to be a small business owner but
also a privilege. We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule and any further
rules that unfairly, unconstitutionally target American small business owners. Thank you.

Dr. Bridget Lehmann, NMD (BridgetRae, LLC/Optiva Naturopathic)

186
313

Ryan Lerwill
MIR Corp

Vm Ryan and have a small business that is in real estate. | am asking you to immediately overturn the
Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule passed by Congress that
unfairly targets American smait businesses. The rule violates my rights to privacy and to being presumed
innocent until proven guilty. If FinCEN wants to target criminals, they should be using the tools of our US
court system, based on hard evidence. The CTA BOI rule is not only unconstitutional, but creates privacy
issues, asking us to report personal, sensitive information and identification that could be used by hackers
and fraudsters, placing my business and that of millions of others at risk. | shouldn’t have to choose
between the protection of a business entity like an LLC or S-Corp and being a target of government
overreach. The stated reason for the rule is to prevent financial crimes, such as those committed via money
taundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the
taws at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement. Not only is this unfair to small businesses, but it also can turn us into criminals if
we don’t comply, even by accident. Why should law-abiding small business owners be threatened with jail
time and financial penalties? Small businesses make up the backbone of the United States economy. We
provide vital goods and services, generate significant economic activity, and create employment for
ourselves and others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is
just another example of the government tipping the scale in favor of the big guys. Itis a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the
CTA BO! rule and any further rules that unfairly, unconstitutionally target American small business owners.
Thank you.

Ryan Lerwilt

MIR Corp

187
314

Reagan Lewis
Lewis Security and Electric LLC

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American smal businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty, not to mention that it will
turn thousands of people into criminals. This is targeting small businesses while big business and special
government related entities are not.

Please overturn this unnecessary overreach. The government is supposed to protect our rights, not trample
on them.

Thank you,

Reagan Lewis

188
315

Joseph Long

Joseph Long with Newton's Inc. | am a third generation owner in a 100 year old business my grandparents
started in 1924. One of my daughter's is the fourth generation and trying her best to keep our hardware
business afloat.

lam asking . | am asking you to immediately overturn the Corporate Transparency Act’s Beneficial
Ownership Information (“CTA BOI”) rule passed by Congress that unfairly targets American small
businesses. The rule violates my rights to privacy and to being presumed innocent until proven guilty. If
FinCEN wants to target criminals, they should be using the tools of our US court system, based on hard
evidence. The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report
personal, sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk. | shouldn’t have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government ovetreach. The stated reason for the
rule is to prevent financial crimes, such as those committed via money laundering and cartel activity. It is
unlikely that any individual who would engage in such untawful acts would voluntarily give accurate
information willingly to FinCEN. if financial criminals are willing to break the laws at such a level, they would
hardly care about additional rules and laws. That means the only people reporting to FinCEN are law-
abiding small business owners, because big businesses are exempt from the rule reporting requirement.
Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital goods
and services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example of
the government tipping the scale in favor of the big guys. It is a challenge to be a small business owner but
also a privilege. We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and any further
rules that unfairly, unconstitutionally target American smalt business owners. Thank you.

Joseph Long for Newton's Inc.

189
316

Greg Lundeen

To The Congress of the United States:

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smail businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they shoutd be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity, It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding smal{ business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
tavor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left alone. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the
CTA BO! rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you,

Greg Lundeen

President

Window Pro, inc.

Underwood, MN

190
317

Jeffrey D. Madden

JD Madden Transportation Svc
PO Box 246

Conneaut Lake PA 16316

April 12, 2024

'm Jeffrey Madden and have a small business that does transportation brokering.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI") rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. Itis unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Smail businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Jeffrey D. Madden

191
318

John Michael Mallory

I'm Mike Mallory and have a smatl business that does life and health insurance. | am asking you to
immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule
passed by Congress that unfairly targets American small businesses. The rule violates my rights to privacy
and to being presumed innocent until proven guilty. If FinCEN wants to target criminals, they should be
using the tools of our US court system, based on hard evidence. The CTA BO! rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rute is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts woutd voluntarily give accurate information willingly to FinCEN. If
financiat criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOt rule is just another example of the government tipping the scale in
favor of the big guys. Itis a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you.
John Michael Mallory

John M Mallory Insurance

192
319

Jonathan David Maman
Country Gate Productions
11401 Commonweaith Dr #204
Rockville, MD 20852

\'m a digital artist and have a small business that sells stock photography.

am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminats, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

i shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FiInCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

it is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Jonathan David Maman

Country Gate Productions, LLC

193
320

Jonathan David Maman

Accounting and Bookkeeping Specialists, inc
15400 Cathoun Dr Suite 125

Rockville, MD 20855

maman-cpa.com

'm a CPA and have a smalt business that offers accounting and taxation services.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of mitlions of others at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. Itis unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminats if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

t respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Jonathan David Maman

Maman CPA
Accounting and Bookkeeping Specialists, Inc

194
321

James Manzo

?'m James Manzo and have a small business that rents a single family home to a single mother with twin
girls.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts woutd voluntarily give accurate information willingly to FinCEN. lf
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding smalt
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

James Manzo Co-owner of J @ M Rental

195
322

April 9, 2024

Joshua Markiowitz - President

MJM Associates, Inc.

8100 S Akron St Ste 308 * Centennial * CO * 80112
jmarktowitz@mjmassoc.com 303.790.7000 ext 218 mjmassoc.com

I'm Josh Marktowitz, President of our company. We have a smail business that represents HVACR &
Plumbing Manufacturers to wholesale distributors in nine states around the Rocky Mountains.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses,

The rule violates my rights, and the rights of our “beneficial owners” (as designated by FinCEN), to privacy
and to being presumed innocent until proven guilty. If FinCEN wants to target criminats, they should be
using the toois of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a small business and being a target of government
overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. itis unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners because big businesses are exempt from the
tule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding smalt business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO} rule is just another example of the
government tipping the scale in favor of the big guys.

it is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

{ respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you,

Joshua Marklowitz - President
MIM Associates, Inc.

196
323

Bobby Mason
Miss Carla's Barbeque Sauce, LLC
Www.misscarlasbarbequesauce.com

am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

{ shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is untikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at sucha level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why shoutd law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Bobby Mason

Miss Carla's Barbeque Sauce, LLC

197
324

Gina McCalister
Mulberry Jeans Accents
megina@gmail.com
600 State st

Newburgh IN

| am a woman owned small business. | have worked my rear end off for 20 years in the retail business, which
is not for wimps. | have owned this business under several presidents now , also under a lot of challenges

1 do not need the government to add to my plate . In my experience, the government gets involved iit cost
me more money, takes more effort and screws it up. Thanks but no thanks | don’t need your help.

{need you to iimmediately overturn the Corporate Transparency Act's Beneficial Ownership Information
(“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule violates my
rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to target criminals,
they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financiat criminals are willing to break the laws at such a level, they would hardly care
about additional rules and laws. That means the only people reporting to FinCEN are law-abiding small
business owners, because big businesses are exempt from the rule reporting requirement. Not only is this
unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by accident. Why
should law-abiding small business owners be threatened with jail time and financial penalties? Small
businesses make up the backbone of the United States economy. We provide vital goods and services,
generate significant economic activity, and create employment for ourselves and others. Yet, the US
government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys. Itis a challenge to be a small business owner but also
a privilege. We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule and any further
tutes that unfairly, unconstitutionally target American small business owners. Thank you.

198
325

Charles David McCarrick

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
teft to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Charles David McCarrick/Micro-Ant

199
326

Kirk McDonald 1
lama small business owner. | am the managing partner of an LLC.
We are a small seasonal campground.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of miltions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding smalt
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOI rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionatly
target American small business owners. Thank you.

Kirk McDonald 1

Lazy Loon Campground

200
327

President

Premier Production Service, LLC
835 Jefferson Heights Ave.
Jefferson, LA 70121

’m Michael McHugh and | have a small business that seils goods and services to the motion picture and
television production business in Louisiana.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not onty unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

lt shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is untikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to smalt businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American smail business owners.

Thank you.

President
Premier Production Service LLC

201
328

Doug Mcintosh

I’m Doug Mcintosh and have a small business that mills organic wheat into flour and sells it, along with
organic oats, to wholesale customers.

Jam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rute violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are wilting to break the laws
at such a level, they would hardly care about additional rules and taws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

‘ respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Doug McIntosh, owner
Harvest Ridge Organics, LLC

Lewiston, Idaho

202
329

Monika McKeeand
’'m Monika McKeeand have a small business that does accounting and tax prepartions.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. lf FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rute is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is untikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. if
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. itis a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you,

Monika McKee, CEO

MBI Business Services Inc

203
330

Wiltiam McKibben

I’m William McKibben and have a small business that does Agricuitural consulting. | am 72 years old and
have been consulting for over 45 years.

lam afraid to quit due the terrible direction in which the country is heading. The continual burden placed on
smalt business from regulations and taxes is definitely taking the fun out of being a business owner forcing
me into retirement.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smail businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity tike an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. if
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. Itis a chaltenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you.

William McKibben/ Soil Tech Inc.

204
331

Kent Miller,
RSM Management Ltd,
PO Box 331 Berlin Ohio 44610.

Lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. [tis unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. if
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Kent Miller
332

Mark S. Mills

GCS, LLC (Government Contracting Services, LLC}
1360 HWY 6and50

Loma, Colorado, 81524

I’m the owner of GCS LLC and have a small business that does construction contracting for the government
and commercial business's.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Intormation (“CTA BOI”) rute passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vitat goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Mark S. Mills

President

GCS, LLC

206
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Tom Mills
Tree Pro

'm Tom Mills and have a small business that does manufacture tree protectors from recycled plastic.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

Il respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule

and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Tom Mills
Tree Pro

207
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Carrie Mitchell

ham Carrie Mitchell and | am co-owner of a sub-S Corp small family restaurant and food truck company. We have
been in business since 2013 and we currently run 2 food trucks and one food hall tocation. Our family also runs 2
vacation rentals, which are LLC’s. We employ and pay taxes on 19 employees.

We play by the rules. We pay our taxes on time. We have attorneys and accountants that help us keep up with the
myriad of local, state and federal laws, permits and licenses. So, when the FinCEN regulation was introduced to us
through an attorney, | began gathering driver's licenses and addresses. When | had ait of the information gathered and
in front of me, | realized that | was getting ready to submit the personal information of 6 members of my family to an
arm of the federal government that fights criminality. This shook me. And it made me angry.

From my stance, this regulation's focus is on a probtem that I find hard to believe is a problem. And until someone
proves to me why this regulation targets only small American businesses | remain opposed to its existence.

lam asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership Information (“CTA
BO!”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and that of millions
of others at risk.

{ shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a target of
government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering and cartel
activity. It is unlikely that any individual who would engage in such unlawful acts would voluntarily give accurate
information willingly to FinCEN. If financiat criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the onty people reporting to FinCEN are law-abiding small business
owners, because big businesses are exempt from the rule reporting requirement.

Not only is this unfair to smatl businesses, but it also can turn us into criminals if we don’t comply, even by accident.
Why should law-abiding small business owners be threatened with jait time and financial penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and services, generate

significant economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOI rule is just another example of the government tipping the scale in favor of the

big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and vibrant part of
the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and any
further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Carrie Mitchelt

208
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Sarah Mitchum
Virtual Transaction Coordinating, LLC

Pm Sarah Mitchum, and have a smali business that does contracted transaction coordination work for real
estate agents.

}am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding smail business owners, because big businesses are exempt from the
rule reporting requirement. ;

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the

US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Sarah Mitchum / Virtual Transaction Coordinating, LLC

209
336

I'm Terry Moench

Terry Moench and have a smail business that does Retail Meats. We manufacture smoked sausage,
fabricate, marinate, fresh cut Beef, Pork and Poultry. | am asking you to immediately overturn the Corporate
Transparency Act's Beneficial Ownership information ("CTABO!") rule passed by Congress that unfairly
targets American small businesses. The rule violates my rights to privacy and to be presumed innocent until
proven guilty. lf FinCen wants to target criminals, they should be using the tools of our US Court System,
based on hard evidence. The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us
to report personal, sensitive information and identification that could be used by hackers and fraudster.
There by placing my business and that of millions of others at risk. | shouldn't have to choose between the
protection of a business entity ike an LLC or S-Corp and being a target of government overreach. The Stated
Reason for the rule is to prevent financial crimes, such as those committed via money laundering and cartel
activity. [tis unlikely that any individual who would engage in such unlawful acts would voluntarily give
accurate information willingly to FinCEN anyway. If financial criminals are willing to break the laws at such a
tevel, they surely, would not care about additional rules and laws. That means the only people reporting to
FinCEN are law-abiding small business owners, because Big Businesses’ are exempt from the rule reporting
requirement. Not only is unfair to small businesses, but it also can turn us into criminals if we do not
comply, even by accident. Why should law-abiding small business owners be threatened with jail time and
financial penalties? Small businesses make up the backbone of the US economy. We provide vital goods
and services, generate significant economic activity and create employment for ourselves and others, in my
case, myself, my wife and 23 people working for my business and therefore their families. Yet, the US
Government always seems to favor Big Businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys. It is a privilege and also a challenge to be a small
business owner. We just would like to be left to be a vital and vibrant part of our local and US Economy. |
respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American Smalt Business Owners. Thank You.

Respectfully yours, Terry Moench/TM Moody's Quality Meats LLC.

210
337

Mick Moore
Professional Cleaning Services

| started my business with $50 in 1986. | wake up every morning with my income at ZERO! SO | have to go
out and Create my income for the family. It’s difficult enough just paying our taxes every month and year, so

you want to further burden us with more regulation!? All of you must be OUT OF YOUR COLLECTIVE MINDS!
We need LESS regulation, not more! I'm DEMANDING you STOP CTABOI! NOW!

Mick Moore

211
338

Greg Moran

I'm Greg Moran and I have a smatt business that does live music entertainment. | am asking you to
immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule
passed by Congress that unfairly targets American small businesses. The rule violates my rights to privacy
and to being presumed innocent until proven guilty. If FinCEN wants to target criminals, they should be
using the tools of our US court system, based on hard evidence. The CTA BOI rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is untikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. {f
financial criminats are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for oursetves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOI rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

-Greg Moran, Big Bad Stache

This is not right and not fair. Stop it with the oversight and control.

212
339

Mike Morehouse
Home Tech Assessments, Inc.,

t'm Mike Morehouse and have a small business that does well and drain field inspection and design. lam
asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information
(“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule violates my
rights to privacy and to being presumed innocent until proven guitty. If FinCEN wants to target criminals,
they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. itis unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding smalt
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Michael Morehouse / Home Tech Assessments, Inc. / Ann Arbor, Mi 48108

213
340

Rick Morral

My name is Rick Morral. My brother, Terry and | are partners in a LLC. Our business was started by our dad,
Thomas C Morral SR with his wife, my mom, Carol in June of 1964, age 26, 2 kids with one on the way. My old
man started Morral Farm Supply with not enough money te make change for the customers he was hoping
for.

Dad, ole' Tom, as he would say, passed away in July 2016. He was 78. The day he passed he was with my
brother at a livestock sale at a county fair helping the kids with projects.

We were told that an LLC was best option for tax purposes, as my brother and | had inherited the business.

This business is our life, since Dad’s death we have been blessed enough to expand our operations, mostly
because our dad had the SENSE to know to be frugal, watch the grain markets.

Morral Farm Supply provides quatity goods and services; helping the community as best we can. We help
feed people thru agricultural feeds, growing livestock, maintaining horses, growing gardens.

lf we didn't stand at this moment, it would be injustice to my mom and dad. | believe this is my hill to die on.
No, No, NO.,.the business has enough agencys to answer to , FDA, USDA, PA Dept of Ag.

Just a side note, we are located in Bedford County, PA. Within a 120 mile radius of the Washington DC and
Baltimore mess.

God bless your work, and | would be more than happy to stand behind you in your testimony to our weak
knee legislators.

Ricky L Morral Morral Farm Supply LLC

214
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Michael Mortrud, Coastal Financial, Inc.,

?'m Michael Mortrud and have a small business that does mortgage lending. | am asking you to immediately
overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule passed by
Congress that unfairly targets American smail businesses. The rule violates my rights to privacy and to being
presumed innocent untit proven guilty. If FiNCEN wants to target criminals, they should be using the tools of
our US court system, based on hard evidence. The CTA BO! rule is not only unconstitutional, but creates
privacy issues, asking us to report personal, sensitive information and identification that could be used by
hackers and fraudsters, placing my business and that of millions of others at risk. | shouldn’t have to choose
between the protection of a business entity like an LLC or S-Corp and being a target of government
overreach. The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such uniawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the
laws at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement. Not only is this unfair to small businesses, but it also can turn us into criminals if
we don’t comply, even by accident. Why should law-abiding small business owners be threatened with jail
time and financial penalties? Small businesses make up the backbone of the United States economy. We
provide vital goods and services, generate significant economic activity, and create employment for
ourselves and others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is
just another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
smail business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the
CTA BO} rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you. Michael Mortrud/Coastal Financial, Inc.

215
342

Scott E. Moser, Moser Funeral & Cremation Service
3501 11th Avenue, Evans, Colorado 80620
www.moserfuneralservice.com

My name is Scott Moser and | have a small business that provides funeral services to the public.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to target
criminats, they should be using the tools of our US court system, based on hard evidence. The CTA BOl rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shoutdn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FINCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws, That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you,

Scott E. Moser

Moser Funeral & Cremation Service

216
343

Tim Murphy
Brothers Masonry LLC and Brothers Ventures LLC
brothers_masonry@yahoo.com,brothers-masonry.com

?’'m Tim Murphy and have a small business that does Masonry services and home restoration. | am asking
you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA
BOI”) rule passed by Congress that unfairly targets American small businesses. The rule violates my rights
to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target criminals, they
should be using the tools of our US court system, based on hard evidence. The CTA BO! rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such untawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminats are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding smali business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Brothers Masonry LLC and Brothers Ventures LLC
344

Kris Nelson
ill Oaks video production
Jones, OK

i'm founded Ill Oaks video right out of college over 30 years ago.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn't have to choose between the protection of a business and being a target of government
overreach,

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

fam nota criminal. | have honestly operated my business for over 30 years. | have been audited once and
have absolutely NOTHING to hide. Early this year | was in my accountants office tooking at an ENTIRE wall of
books and bookshelves of laws. I'm no expert but it appears to me that "you've got it covered”.

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

It is a challenge to be a smalt business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

{ respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American smail business owners.

Thank you.

Kris Nelson, Hi Oaks

218
345

Felicia Netti

Yetty’s Pizza. & Pasta,LLC

108 Mohawk street, Herkimer NY 13350
feliciayettys@gmail.com

I'm a restaurant owner of 43 years, purchased in 1891 and have a small business that has been serving the
Mohawk valley proudly since 1952 (the year the restaurant opened originally)

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my tights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FINCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Felicia Netti owner operator

Yetty's Pizza & Pasta ,LLC

219
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Tammie Nevitle
To Whom it Should Concern:

The regulation on smail business is already out of controt. | am asking you to overturn the CTA BOT rule.
Fincen can do its job and work hard just like we do to get the job done.

We have barely enough people to get our work done on a day to day basis despite working 7 days a week! It
is crazy to think our elected officials would hinder and inflict harm on the economy further and require
small businesses who have been struggling since Covid (due to crazy laws and rules inflicted upon us).
Enough is enough. Stop going against the American entrepreneur. It is becoming blatantly obvious you do
not want us to succeed, Who will clothe and feed you when you smother us all!

Sincerely

Tammie Neville

Small business owner
6F Livestock LLC

220
347

John Niemann
Plumbum Casting Co.
I'm John Niemann and have a small business that does metal casting.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. it is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN, If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the

US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

{tis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

{ respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American smail business owners.

Thank you.

John Niemann / Plumbum Casting Co.

221
348

John Niemann

Rent~A~Copter LLC.

i'm John Niemann and have a small business that does helicopter flight training.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminats are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Smatt businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the

US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rute
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

John Niemann / Rent~A~Copter LLC.

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John Niemann
Heat Sink Inc.
V'm John Niemann and have a smalt business that does commercial heating and air conditioning.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smail businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they shoutd be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shoutdn’t have to choose between the protection of a business entity tike an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create emptoyment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

John Niemann / Heat Sink Inc.

223
350

Bill Nieters

| have a small business that employs my son in law, daughter, myself and one more person. We are having a
hard time and the longer the Biden policies are in place the harder things are getting. Higher interest rates,
depressed economy, I’m 64 years oid and having to work to be able to make payroll for the others.

The FINCEN requirements are ridicutous. The government can already figure out who owns what and who is
sending money to terrorists etc. The fincen law wants our data to be able to spy on our financial business
and especially with this current tyrannical administration | don’t want anything to do with them.

We are considering closing down at this point and the fincen is the final straw.

{am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money taundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminats are willing to break the laws at such a level, they would hardly care about additional rules
and laws, That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don't comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOI rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you

Bill Nieters

224
351

I'm Brian Nordland and my son and | own and operate a small business that does quality Taxidermy. | am
asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information
(“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule violates my
rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target criminals,
they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. itis untikely that any individual who
would engage in such untawful acts would voluntarily give accurate information willingly to FINCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding smalt
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Brian Nordland, Aaron Nordland
Wildlife Designs Taxidermy Studio

225
352

RAY NORTON
RAY NORTON TIRE & AUTO CENTER
2606 BEMISS ROAD, VALDOSTA, GA 31602

i'm Ray Norton and have a smalt business that does retail sales for auto repair, tires, and truck accessories.

{ am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smail businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

{ shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should taw-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners. Government
has become too intrusive to American citizens and businesses while ignoring illegal immigration and crime.
Government's job is to PROTECT it's citizens, they need to focus their time, money and attention on this.
Thank you.

RAY NORTON

RAY NORTON TIRE & AUTO

226
353

Paul O’Neill

O’Neill Arborist & Associates, Inc
3 Curtis Dr.

Hendersonville, NC 28739

I’m Paul O’Neill and have a small business that provides tree health care and consulting services.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI") rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

I shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. itis unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information wiltingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding smalt business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Paul O’Neill

O’Neitt Arborist & Associates, Inc.

227
354

Steven Oleksiak
Steven Oleksiak Flooring Installer

I'm Steven Oleksiak and have a smail business that does flooring installation and other handyman jobs.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. And this new taw is the very definition of overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement. Criminals don't follow the law, that's kind of what makes them criminals.

Not only is this unfair to smatl businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Is it not already enough that we're being crushed under the crippling weight of inflation, no
thanks to everything this administration and all of your spending bills are doing?

Small businesses make up the backbone of the United States economy, We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scate in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

t respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Steven Oleksiak

Owner at Steven Oleksiak Flooring Installer

228
355

Tony Oliverio
I'm Tony Oliverio and have a small business that owns and leases commercial real estate.

}am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smali businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues by asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

I shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. if financiat criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding smalt business owners. As you know, because big businesses are
exempt from the rule reporting requirement and | don't understand why that is. Fraud or money laundering
would likely be more prevalent in larger businesses.

Not only is this unfair to small businesses, but it also can turn me into a criminal if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Anthony Oliverio

ADO Enterprises LLC

229
356

Wanda Oprica

Sunlit Property Services
sunlitpropertyservices@gmail.com
Sidney, MT

!’m Wanda Oprica and have a small business that does property services.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smail businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. lf financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to smalt businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a smalt business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Wanda Oprica

Sunlit Property Services

230
357

Christopher Osmun
Premier Photography, inc.
616-784-9750
premierphoto@att.net

Vn Christopher Osmun and have a small business that does School and Youth Sports Photography.

lam asking you to immediately overturn the (“CTA BOI”) rule passed by Congress that unfairly targets
American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminats, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rute is not onty unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shoutdn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and taws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why shoutd law-abiding small business owners be threatened with jail time and financial
penalties?

Smalt businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Christopher J. Osmun
President
Premier Photography, Inc.

231
358

Bill Owens

I'm Bill Owens and have a small business that does Custom countertops for residential and multifamily
homes

] am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses, The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of mitlions of
others at risk. | shouldn't have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is untikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

BilLJ Owens, President, The Top Shop, Inc.

232
359

Peter Passaretti

in the words of POTUS Ronald Reagan "In this present crisis, government is not the solution to our problem;
government is the problem."

{am Peter Passaretti and have a small business that does ecommerce.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty.

if FinCEN wants to target criminats, they should be using the tools of our US court system, based on hard
evidence. The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report
personal, sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk. | shouldn’t have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach. The stated reason for the
rule is to prevent financial crimes, such as those committed via money laundering and cartel activity. It is
unlikely that any individual who would engage in such unlawful acts would voluntarily give accurate
information willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would
hardly care about additional rules and laws. That means the only people reporting to FinCEN are law-
abiding small business owners, because big businesses are exempt from the rule reporting requirement.
Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others, Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys. It is a challenge to be a small business owner but also
a privilege. We just want to be left to be a vital and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Peter Passaretti
P-Squared Services, LLC.

233
360

Chris Paulus
PAULUS WELL DRILLING, INC.

| am a small business owner that drills and services water wells for light industry, small farms and
residential use.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficiat Ownership
Information (“CTA BOt”) rule passed by Congress that unfairly targets American small businesses.

The rute violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the toots of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of mittions of others at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding smalt business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with Jail time and financial
penalties?

Smalt businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

t respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you,
Chris Paulus

President/Owner of Paulus Well Drilling, Inc.

234
361

Christopher Pedigo
Legacy Trans LLc

| am not a king time business owner but may soon be out-of business if Congress intends to further fight
against us law abiding members of this country. We wilt not comply with Tyranny.

235
362

Rick Pence
Rlak, LLC.

| object to forced registration of my personal LLC business with any entity in the federal government.
freedom of honest smatl businesses must prevail. The Cartels will not be registering so why should | have
to? Thank you.
363

Gary A Perkinson
All Creation Landscapes

Office@alicreation.net, alicreation.net

'm Gary A Perkinson and have a small business that does commercial and residential landscape design
and installation. | am asking you to immediately overturn the Corporate Transparency Act’s Beneficial
Ownership Information (“CTA BOI”) rule passed by Congress that unfairly targets American small
businesses. The rule violates my rights to privacy and to being presumed innocent until proven guilty. If
FinCEN wants to target criminals, they should be using the tools of our US court system, based on hard
evidence. The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report
personal, sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk. | shouldn’t have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach. The stated reason for the
rule is to prevent financial crimes, such as those committed via money laundering and cartel activity. It is
unlikely that any individual who would engage in such unlawful acts would voluntarily give accurate
information willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would
hardly care about additional rules and laws. That means the only people reporting to FiInCEN are law-
abiding small business owners, because big businesses are exempt from the rule reporting requirement.
Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should taw-abiding smail business owners be threatened with jail time and financial
penaities? Small businesses make up the backbone of the United States economy. We provide vital goods
and services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example of
the government tipping the scale in favor of the big guys. It is a challenge to be a small business owner but
also a privilege. We just want to be left to be a vital and vibrant part of the US economy. I respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule and any further
rules that unfairly, unconstitutionally target American small business owners. Thank you.

Gary A Perkinson, All Creation Landscapes
364

Frank Pezzulo, Turning Point Tool LLC, 135 Dodge Street Rochester, NY 14606,
I'm Frank Pezzulo and have a small business that does manufacturing of plastic injection molds.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the toots of our US court system, based on hard evidence. The CTA BOt rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FiInCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding smail business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to smail businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you.

Frank Pezzuto, Turning Point Tool LLC

238
365

Michele Pfaff

My name is Michele and my husband Alan Pfaff has a small business. He is a carpenter and works very hard
and long hours.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American smail businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. Small businesses make up the backbone of the United States economy.

We provide vital goods and services, generate significant economic activity, and create employment for
ourselves and others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is
just another example of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

239
366

Mark Pledger

i'm Mark Pledger and have a small business that does work on General Aviation Aircraft.

lam asking you to immediatety overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to target
criminals, they shoutd be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. if
financial criminats are willing to break the laws at such a tevel, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Mark Pledger
Flite Electronics Inc.

240
367

Brandon Pope
Clear View Holdings, LLC

tam Brandon and | have a smail business that engages in e-commerce retail sales.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminais, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shoutdn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. lf financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
tule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

{ respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Brandon Pope

Clear View Holdings, LLC

241
368

James Powell/ Exceptional Dentistry

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (CTA BOI) rule passed by Congress.

Not only does it violate my constitutional rights but puts an unfair burden on me and my limited resources.
The penalties for non compliance are extreme and detrimental to me and my business.

{am doing so much work for the government without any compensation that | don’t need anymore.

Also you act as if ! am making money from mistakes from over-sites by fining me.

It’s hard to be profitable in today’s inflationary environment yet the government wants to fine me at every
turn if t forget to do something the government requires.

You are requiring too much. | need time to treat patients and not spending it doing paper work and filling out
forms. This is unfairly targeting small businesses that have limited resources.

lam asking Congress respectively to immediately overturn the powers given to FinCen and revoke the CTA
BOI rule and any other rule that violates the constitutional rights of small business owners. Thank you.

James Powell/ Exceptional Dentistry

242
369

John Radvansky, Juniors Automotive & Truck Accessories, Inc., 245 Freeport Rd, Creighton, PA 15030,

My name is John Radvanksy and have a small business that does auto repair and sells truck/car
accessories. | am asking you to immediately overturn the Corporate Transparency Act’s Beneficial
Ownership Information (“CTA BOI”) rule passed by Congress that unfairly targets American smatl
businesses. The rule violates my rights to privacy and to being presumed innocent until proven guilty. If
FinCEN wants to target criminals, they should be using the tools of our US court system, based on hard
evidence. The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report
personal, sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk. | shouldn’t have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach. The stated reason for the
rule is to prevent financial crimes, such as those committed via money laundering and cartel activity. It is
unlikely that any individual who would engage in such unlawful acts would voluntarily give accurate
information willingly to FinCEN, If financial criminals are willing to break the laws at such a level, they would
hardly care about additional rules and laws. That means the only people reporting to FinCEN are law-
abiding small business owners, because big businesses are exempt from the rule reporting requirement.
Not only is this unfair to smail businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding smatt business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital goods
and services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example of
the government tipping the scale in favor of the big guys. It is a challenge to be a small business owner but
also a privilege. We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and any further
rules that unfairly, unconstitutionally target American small business owners. Thank you.

John Radvansky, Juniors Automotive & Truck Accessories, Inc.

243
370

Dustin Randalt

i'm Dustin Randall and | own the business represented by the web site CertifiedAmerican.us, Our entire focus is to
make it easier for Americans to find and purchase US made products. Our goal is to improve the economics of
American cities where manufacturing is still taking place.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA
BOI”) rule passed by Congress that unfairly targets American smali businesses. The rule violates my rights to privacy
and to being presumed innocent until proven guilty. if FinCEN wants to target criminals, they should be using the tools
of our US court system, based on hard evidence. The CTA BO! rule is not only unconstitutional, but creates privacy
issues, asking us to report personal, sensitive information and identification that could be used by hackers and
fraudsters, placing my business and that of millions of others at risk.

Creating an LLC is supposed to provide me with protections against issues and concerns that come with trying to
increase the purchase of American made products. My business is a direct effort against the goals of our economic
adversaries. Should this system be accessed by state actors of those adversaries, or those sympathetic to their goals,
it would certainty provide enough information to directly attack my personal information and assets.

I shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a target of
government overreach. The stated reason for the rule is to prevent financial crimes, such as those committed via
money laundering and cartel activity. It is untikely that any individuat who would engage in such untawful acts would
voluntarily give accurate information willingly to FinCEN.

if financial criminals are willing to break the laws at such a level, they would hardly care about additional rules and
laws. That means the only people reporting to FinCEN are law-abiding small business owners, because big businesses
are exempt from the rule reporting requirement. Not only is this unfair to small businesses, but it also can turn us into
criminals if we don’t comply, even by accident. Why should law-abiding small business owners be threatened with jail
time and financial penalties? Small businesses make up the backbone of the United States economy.

We provide vital goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just another example of
the government tipping the scate in favor of large corporations who already enjoy economic advantages over my
business.

| have spent hundreds of hours completing quarterly reporting managing sales tax payments in almost every state. We
don't need more government oversight! We need decreased requirements and increased opportunities for growth that
allow us to hire additional workers and continue to improve economies near us or our vendors. Many of the vendors
we work with are also small business owners. We just want to be left to be a vital and vibrant part of the US economy,

| respectfully ask Congress, on behalf of my family and the other small businesses we work with, to immediately
overturn the powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American smail business owners.

Thank you and best regards,

Dustin Randal

Founder and Managing Member
Certified American LLC

244
371

James Ray
James Ray Landscaping LLC

I’m James Ray and have a small business that does landscaping. | am asking you to immediately overturn
the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BO!”) rule passed by Congress
that unfairly targets American small businesses. The rule violates my rights to privacy and to being
presumed innocent until proven guilty. If FinCEN wants to target criminals, they should be using the tools of
our US court system, based on hard evidence. The CTA BOI rule is not only unconstitutional, but creates
privacy issues, asking us to report personal, sensitive information and identification that could be used by
hackers and fraudsters, placing my business and that of millions of others at risk. | shouldn't have to choose
between the protection of a business entity like an LLC or S-Corp and being a target of government
overreach. The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. Itis unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN, If financial criminats are willing to break the
laws at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement. Not only is this unfair to small businesses, but it also can turn us into criminals if
we don’t comply, even by accident. Why should law-abiding small business owners be threatened with jail
time and financial penalties? Small businesses make up the backbone of the United States economy. We
provide vital goods and services, generate significant economic activity, and create employment for
ourselves and others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is
just another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the
CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business owners.

245
372

Seth Reichenbach
RDi Dental Lab and Milling Ctr. LLC
RDLdesign@yahoo.com located in Sarasota, FL

I'm Seth Reichenbach and have a small business that does Dental Restorations.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding smalt business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Smalt businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Seth Reichenbach

RDL Dental Lab and Milling Ctr. LLC

246
373

Keith Rich
i'm Keith Rich and have a smail business that does HVAC.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
ig not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. [tis unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but atso a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Keith Rich

Jordan Heating and Air Conditioning LLC

247
374

Adam Richards
iup Amusements

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a tevel, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOI rule is just another example of the government tipping the scale in
favor of the big guys. Itis a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

248
375

Valerie Roberts
\'m Valerie Roberts, and have a small business that does hair, beards & nails.

{am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smail businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and taws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Smail businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

apPlERances barbering & salon

249
376

Brian Saha,

Pinconning Cheese Co.,
www. pinconningcheese.com
PO Box 926,

Pinconning, Ml 48650.

'm Brian Saha and have a small business that does gourmet foods, wholesale and retail. | am asking you to
immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule
passed by Congress that unfairly targets American smail businesses. The rule violates my rights to privacy
and to being presumed innocent until proven guilty. If FinCEN wants to target criminals, they should be
using the tools of our US court system, based on hard evidence. The CTA BO! rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is untikely that any individual who
would engage in such untawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the taws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don't comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you.
Brian Saha, Pinconning Cheese Co.

250
377

Alan Schalk

Tierra dei sol Automotive
2031 1st ST
Alamogordo, NM 88310

I'm Alan Schalk and have a small business that does automotive repair and service. | am asking you to
immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule
passed by Congress that unfairly targets American small businesses. The rule violates my rights to privacy
and to being presumed innocent until proven guilty. If FinCEN wants to target criminats, they should be
using the tools of our US court system, based on hard evidence. The CTA BO! rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is untikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FINCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rute reporting requirement. Not only is this unfair to smail businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOI rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Tierra del sot Automotive
378

Nicholas Scheel
Untamed Construction LLC

I’m Nicholas Scheel and have a small business engaged in design-build remodeling in Spokane Valley,
Washington.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOP’) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate Information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rutes that unfairly, unconstitutionally target American small business owners.

Thank you.

Nicholas R. Scheel; Owner

Untamed Construction LLC

252
379

Nick Scheel
DFS/NRS LLC

I'm Nicholas Scheel and have a smail business hotding company in Spokane Vailey, Washington.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

I shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. Itis unlikely that any individual who would engage in such untawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don't comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the

US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Nicholas R. Scheel; Partner
DFS/NRS LLC

253
380

Shannon Schiotter
JSS Truckn, LLC.
Missrudy69@gmail.com

I’m small business owner and have a small business owner of single truck operation.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | Shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Shannon Schlotter

254
381

Stevan Sedwick
’'m Stevan Sedwick and have a small business that both remodets and rents houses.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rute violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding smalt business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Stevan Sedwick, Steadie Properties, LLC

255
382

Craig Sevde
I’m Craig Sevde and have a small business that does apparel branding.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminats, they should be using the tools of our US court system, based on hard evidence. The CTA BOt rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn't have to choose between the protection of a business entity tike an LLC or S-Corp
and being a target of government overreach. The stated reason for the rute is to prevent financial crimes,
such as those committed via money laundering and cartel activity. it is unlikely that any individual who
would engage in such untawful acts would voluntarily give accurate information willingly to FinCEN. If
financiat criminals are willing to break the taws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding smatt
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Craig Sevde

Blue Anchor USA, LLC
383

Megan Shaw
Just Call Me Insane

lam a small business owner - currently on my own, which means a lot of paperwork is my responsibility.
Adding this extra filing system does nothing but put more strain on me, give me more senseless work to do,
and take away precious time that could be used running my business from speaking to customers,
advertising, or working on new product.

It is difficult for smatler businesses to keep up with the increasing demand of systems to register for, as we
do not have the flexibility to just hire someone to help compared to large corporations. Not to mention the
amount of conflicting information out there that requires a new business to even start can turn an innocent
entrepreneur into what you would consider a criminal, should this form not be filled out. This woutd
absolutely prevent many from starting their own business, which can be both damaging to a family who
could rely on that income, or the community, which always thrives best when small business exists.

Please reconsider this, as it does more harm than good.

257
384

John Shearer

fam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rute passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent untit proven guilty. if FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. lf
financial criminals are wilting to break the laws at such a level, they would hardly care about additional rutes
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others, Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

John Shearer
JT Shearer Construction & Excavating, LLC

258
385

Joe W. Sheiton
| am Joe W. Shelton who owns Golden Eagle Drilling Corp. | own this small business and drilt household use
water wells. |am asking you to immediately overturn the Corporate Transparency Act’s Beneficial

Ownership Information rule passed by the Congress that unfairly targets American small businesses.

This rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCen wants to
target criminais they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business

and that of millions of others at risk.

I shouldn't have to choose between the protection of a busines entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such untawful acts would
voluntarily give accurate information willingly to FinCen. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCen are law-abiding small business owners, because bid businesses are exempt from the
rule reporting requirement.

Small businesses make up the backbone of the US economy. We provide vital goods and services, generate
significant economic activity and create jobs for ourselves and others. Yet, the US government always seem
to favor bid businesses and the CTA BO! rule is just another example of the government tipping the the scale
in favor of the big guys.

Respectfully,

Joe W, Shelton

Goiden Eagle Drilting Corp.

P.Q.Box 475

699 Ten Mile Drive, Unit 1

Frisco, CO 80443

970-668-3564

email: joewshelton@q.com

259
386

Terry Sheppard
t'm Terry Sheppard and have a small business that does Generator sales and repairs.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminais, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. itis unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminats are wilting to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only peopte reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you.

Terry H. Sheppard,

Piedmont Generator and Equipment Co. Inc

260
387

D. Steven and P. Tony Shoemaker
Sticky Rice LC

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. tf FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. itis unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

{respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

D. Steven and P. Tony Shoemaker DBA Sticky Rice LC

261
388

Donaid Siiberbauer

My Name is Donatd Silberbauer and my company's name is Model Memories. | have a small LLC business
that does manufacturing for the hobby industry - website modelmemories.com.

Jam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rute passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity tike an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. it is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminats if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. Itis a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you.
Donald Sitberbauer - owner

Model Memories, LLC

262
389

David F. Simpson, DO

The Primer Pocket, LLC
POB7

39 Birdtail Creek Road
Fort Shaw, MT 59443-0007
dsimpson@3rivers.net
406-799-5418

I'm Dave Simpson and have a small business that does gunsmithing and sells shooting related equipment.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity tike an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money taundering
and cartel activity. itis unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
tule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

David F, Simpson, DO
263
390

Linda Skapura
Sandy Key Condo 524
Pensacola, Florida

I’m Linda Skapura and my husband and | have a smail business of short term rentals. Our expenses to run a
business are far and plenty. We have and attorney that we must pay, a CPA and then there are the federal,
state and local filings that are required just to stay in business. This is in addition to the fed, state and local
taxes on top of insurance and maintenance of the unit. itis hard just to break even. We are not wealthy
people. We are just trying to supplement our retirement. Presently the IRS and state JRS already have
access to our business reporting. There really isn't any need to go further.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FINCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding smail
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. Itis a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

264
391

William Skees
F@QS, L.L.C.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

All of us business owners have already registered our business entities within our respective states. This is
a redundant exercise and a waste of time for people already taxed with not enough hours in the day.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that coutd be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FINCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding smali business owners, because big businesses are exempt from the
tule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

265
392

Erin Smith

Cultivating Connections Travel Planners
www.cuitivatingconnectionstravelplanners.com
P © Box 1686

Noble, OK 73068

I’m Erin Smith and have a small business that provides leisure travel services to my community.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOt rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident, Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Erin Smith/Cultivating Connections Travel Planners

266
393

Robert W. Smith

I’m Robert W. Smith and | have a small business that that is a retail store in Columbus, OH.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOt rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. if
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Robert W Smith
Woodcraft of Columbus
RWSCBUS LLC

1077 Bethel Road
Columbus, OH 43220

rsmith@rwscbus.com

267
394

Scott Smith dba Cimarron Sunrise RV & Camping at 56895 S Highway 48 Terlton OK 74081.

lam in the process of opening my first business, an RV park, by investing all of my retirement into this
project. In addition to my retirement, | am taking out a loan that is about 5 years of my gross income putting
me at maximum SSA benefits.

| am demanding that you immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. IF | WANT TO BE TREATED
AS ACRIMINAL, PLL CONTACT THE IRS (ANOTHER AREA YOU NEED TO FIX). If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of miltions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is VERY unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FINCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners LIKE ME, because big businesses are exempt
from the rule reporting requirement. Not only is this unfair to small businesses, but it also can turn us into
criminats if we don’t comply, even by accident.

Why should law-abiding small business owners be threatened with jail time and financial penalties? Small
businesses make up the backbone of the United States economy. We provide vital goods and services,
generate significant economic activity, and create employment for ourselves and others. Yet, the US
government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

It is a HUGE challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy. I respectfully ask Congress to immediately overturn the powers given to
FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally target American
small business owners. Thank you.

Scott Smith

Cimarron Sunrise RV Resort LLC

268
395

Tyler Smith

I’m Tyler Smith and I have a small business that does managed cyber security and cyber insurance for small
and medium sized business and we also host websites.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smail businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminats are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are taw-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you.
Tyler Smith, Partner, Co-founder,

Dark Rhiino Security Inc.

269
396

Kimberly Ann Smylie

lam Kimberly Ann Smylie, CVT email k_smylie@yahoo.com,phone number 3073512714 owner of Advanced
Animal Care, LLC - a S-Corp at 930 Brownfield Road Douglas, Wyoming 82633 work number 3073581125
www.advancedanimalcarecenter.com. I’m a co-owner of stated business and have a small business that
provides veterinary care and supplies.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI") rute passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk, |] shouldn’t have to choose between the protection of a business entity tike an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FINCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOI rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you,

Kimberly Ann Smylie, CVT co-owner Advanced Animal Care, LLC

270
397

Michael Dean Smylie

lam Michael Dean Smylie, DVM email deansmytie@yahoo.com, phone number 3073510238 owner of
Advanced Animal Care, LLC - a S-Corp at 930 Brownfield Road Douglas, Wyoming 82633 work number
3073581125 www.advancedanimalcarecenter.com. I’m a co-owner of stated business and have a small
business that provides veterinary care and supplies.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity tike an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FINCEN. if
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. Itis a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you. Michael Dean Smylie, DVM co-owner Advanced Animal
Care, LLC
398

Brian T. Snyder

I'm Brian T. Snyder, President and co-owner of Architectural Concrete Solutions, Inc. We are an S-Corp that
continues to struggle thru taxes, regulations and every stumbling block laid down by external forces to take
care of 19 families represented by our company. With each passing year, there are more and more hoops to
jump thru and stumbling blocks that make it more and more difficult for small business to survive. | feel like
we are entering into a real life version of The Hunger Games. As long as we feed the Capitol, we are useful.
However, the Capitol does not reciprocate towards the peopte. We are being crushed by the government by
way of taxes and regulations.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would votuntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you,

Brian T. Snyder, President / Owner

Architectural Concrete Solutions, Inc.

272
399

Sherri Southwell
StinkClean.com
Ihave a small business that does odor removal.

{am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BO!”} rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only UNCONSTITUTIONAL, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. if financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are LAW-ABIDING small business owners, because big businesses are exempt from the
rule reporting requirement. If the rule cannot be applied fairly across the board, the rule should not exist.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should taw-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Sherri Southwell, Owner StinkClean.com

273
400

SBA * Consulting LTD
2711 Bellmore Avenue
Bellmore, NY 11710
SBAConsuling.com
April 9, 2024
Gentleman:

I'm the owner of a small management consulting firm located in the NYC Metropolitan area.

The Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule passed by Congress is
another example of over-reach and under-thought by our elected leaders.

Since | am a small business, you feel that my privacy doesn't matter, in your guise for stopping money
laundering. This misguided effort, on top of all the other laws, rules and policies of our tax, banking and law
enforcement community just makes zero sense.

Let's not forget that this is directed at small businesses, not larger companies.

The definition of a criminal or criminal act is a person who does not follow the law. Do you really thing
someone money laundering is going to either a) comply or b) give you a truthful response?

The system FINCEN has created to capture the data puts my information at risk. | am already a victim of the
hack of the U.S. Office of Personnel Management (OPM) a few years back. If the US Government, banks,
AT&T, a myriad of Insurance Companies can be hacked, why would | believe that FINCEN is immune.

| respectfully ask Congress to immediately overturn the powers given to FinNCEN and revoke the CTA BO} rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Wayne Spivak

President

SBA * Consulting LTD
WSpivak@SBAConsulting.com

Tel: 516-221-3306 x1001

274
401

Tom Sporich

('m Tom Sporich and have a smail business (Triangle Adhesives) that does sells industrial adhesives. lama
one-man operation.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FINCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident, Why should law-abiding smalt business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the

US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO] rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

275
402

Jakob Sprinkle
Tiny Blessings Preschool

To start and run a small business in this country is probably the hardest thing that anyone will do in their life.
There are so many requirements that you have to meet and forms to fill out so that you are doing it the right
way and none of this is taught to you, all of it has to be self taught through your own research. Small
businesses are hit the hardest by this because all of this administrative work has to be done by the owner
because they cannot afford to hire someone to do it for them. So on top of running a business and trying to
keep it profitable, you are required to jump through all of these hoops setup by the government just so they
will allow you to run your business. Not to mention how much of the top line revenue goes directly to taxes
and is basically stolen because of how this money is mismanaged and corruptly spent. The number of
things that we have to do to prove that we are not committing crimes in a “free country" is out of hand and
has to stop.

276
403

Glen A. St. Clair
Ladies and Gentlemen,

We are a family owned wedding and event center.Ail of our information is already available to the
government as we are an LLC with Federally supplied Federal Employee identification number.

We fite Federal and State income taxes.Our employees file State and Federal income taxes.We have been in
business for 15 years.

However if we miss this particular deadline we become a criminal.In my opinion if your intent is to go after
money laundering and Cartels ,then let's use hard evidence to do so.We respectfully ask that you overturn
the Corporate Transparency Act's Beneficial Ownership information and any other rules that unfairly and
unconstitutionally target American small business owners.

Thank you,

Glen A. St. Clair

Ranch of the Saints LLC.

277
404

Autumn Stan

Shaw Farms, LLC

175 E. Oxford Rd.

South Paris, ME 04281
www.ShawFarmsOfMaine.com

My name is Autumn Stan, and have a small business selling grass-fed beef, and humanely raised pork and
chicken. My father, sister, and | began this business together two years ago in order to provide ourselves
and our community with healthy meat options. We are a very small business, but pour our hearts into caring
for our animals and providing the best quality meat we can.

lam appalled to hear of this new rule passed by Congress which requires us to file unnecessary paperwork,
and the penalties for failing to file are beyond absurd. We run our small business in our spare time, in
between working jobs off the farm, homeschooling our children, and maintaining our households. This
requirement is onerous, and oversteps our right to privacy and our right to be presumed innocent until
proven guilty.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FiINCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Autumn Stan

Shaw Farms, LLC

278
405

Wayne Starn,

Starn Technologies Inc.
PO Box 6407

Mount Airy NC 27030

’'m Wayne Starn and have a small business that does IT and information services.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminats, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws, That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to smatt businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOt rule is just another example of the government tipping the scale in
favor of the big guys. Itis a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Starn Technologies Inc.

279
406

Derek Stephens
I'm Derek Stephens and have a smail business that does Auto Repair.

| arn asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rute passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn't have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. lf
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding smalt
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scate in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Derek Stephens FIXXER Automotive LLC

280
407

Dennis Stewart

My name is Dennis Stewart. lam the founder and majority owner of Centric Corporation, Inc incorporated as
an §-Corp in the State of Idaho. | opened my business in January 2001 and have worked in it and on it for 23+
years. Ithas survived several economic downturns and has finally grown to the point that | have three
employees beside myself. We build electric power monitoring systems for commercial/industrial
applications. Our primary market now is designing and installing power monitoring in large data centers.

{ have watched politicians for years, including my own senator and congressmen tell how they love smalt
business. | have concluded that these statements are just political clap-trap because it is clear that the
federal government and virtually all of our elected representatives hate small business and want to do
everything they can to kill all of them.

| saw it happen in Covid when small businesses were targeted while big businesses continued to operate at
full speed. Now | see it once again with the Corporate Transparency Act’s Beneficial Ownership Information
(“CTA BOI”) rule passed by Congress. Corporate Concealment Act to Kell Smail Business.

| know that none of you know how hard it is to start and keep a small business operating. The failure rate for
small business is incredible. | have beat the odds but the federal government, aided by a congress that
wants nothing to do with small business except for taxation and votes seems determined to make it as
difficult as possible to create and run a small business. The excuse for this rule is incredible. You want to
identify money laundering. Well why don't to try looking in your own house first. Members of congress
become rich while serving while people like me are trying to survive and make payroll. |, like virtually all
small business owners, don't have time to play money games, we are too busy meeting customer needs and
making payroll.

This act passed by congress over a presidential veto is just one more example of how out of touch you all
are. This kind of rule just throws fuel on the fire for those of us who no longer trust that government cares
about the people they are supposed to serve. If you keep this up long enough you will totally destroy smalt
business and with it the greatest economic story the world has ever known. Smail business is the real
capitalism. Big business is the adulterated counterfeit that is now joining the fascist concept of public-
private partnerships that will ruin our country.

If you really care about small business this is your chance to demonstrate it. Eliminate these new rules that
penalize small business and leave us alone to serve our customers and our employees. We don't need or

want your help. We just want you to stay out of the way and keep the federal bureaucracy at bay and out of
the way.

Thank you

Dennis Stewart

Chief Executive Officer\Majority Owner

281
408

Aaron of Northern Steel buiidings and construction, aaron@northersteet.net,
lam small business that does construction work.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses, The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FINCEN. If
financiat criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. ! respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Aaron Stoker

282
409

Daniel Strang

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

I shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is untikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Daniel Strang

Quatity Handyman Solutions

283
410

Kenneth Sunday

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smail businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shoultdn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminats are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding smatt
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Kenneth Sunday
Structural Applicators, inc.

PS. I'm sick of all government overreach on my connotational rights.

284
411

Jodi Sunderman

Venn Market Strategies
vennstrategy.com
jms@vennstrategy.com

'm Jodi Sunderman and have a small business that does brand marketing. | am asking you to immediately
overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule passed by
Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws.

That means the only people reporting to FinCEN are law-abiding small business owners, because big
businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses, but
it also can turn us into criminals if we don’t comply, even by accident.

Why should law-abiding small business owners be threatened with jail time and financial penalties? Small
businesses make up the backbone of the United States economy. We provide vital goods and services,
generate significant economic activity, and create employment for ourselves and others. Yet, the US
government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy. | respectfully ask Congress to immediately overturn the powers given to

FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally target American
small business owners.

Thank you,

Jodi Sunderman

Venn Market Strategies

285
412

Brian Suter
’'m Brian Suter and have a small business that only does two residentiat rentals.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses,

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of mittions of others at risk.

| shoutdn’t have to choose between the protection of a business entity like my LLC and being a target of
government overreach.

I chose this LLC entity simply for insurance purposes to protect myself from zealous laws suits which are
unfortunately too common these days. These new rules will break the veil of protection my LLC offers me as
a flow-through LLC. LLCs are the only way to take full advantage of the tax codes while limiting my personal
exposure from the LLCs | manage.

The new rules also offer no protection from any internet hackers that is now afforded by state-to-state
registration laws that govern and protect LLCs from unwanted usage of any such information discovered to
ONLY be used through legal due processes during litigation through the court system.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to smail businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American smatl business owners.

Thank you.
Ridgehouse on West Park, LLC. - Sole Manager - Brian Suter., Friday, April 12, 2024

286
413

Tracy Swain
Hart Pest Control

hartpestcontrol.com

I'm Tracy Swain and have a small business that does Pest Control.

{am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses, The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminais, they shouid be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such untawful acts woutd voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Tracy Swain

Hart Pest Control

287
414

Julia Taylor, CPA

As a Certified Public Accountant, | wanted to state my concerns on the requirements of reporting FinCEN's
Beneficial Ownership Information because of the impact to the smail business community.

Many small business owners only see their CPA once maybe twice a year. | learn that they have formed an
LLC, LLP, Corporation or S Corporation many times a year or more after the formation of these types of
entities.

This time line could be past the filing dates to FinCEN which immediately could result in steep civil and

Because of these steep civil and criminal penalties, | am considering not filing these BOI reports because |
cannot afford these penalties, either monetary fines or prison time. This could force my clients to either
seek others who will file these reports only to be charged high fees or worse, being hit by scammers out
there that will take advantage of the business owners.

These scammers will be long gone by the time its discovered there is a problem, and then the spiral of civil
and criminal charges will began and take innocent small business owners liable for these charges.

This information for the filing is private and is prime target for scammers. There is also the confusion on the
court cases related to NSBAV. Yellen. Because of the confusion of why one entity can be exempt from the
filing because of being unconstitutional, why isn't it the same for all the other entities.

This is very confusing to small business owners who are just trying to do the right thing and make a living at

the same time.

This reporting unfairly targets American small businesses by violating their rights to privacy and by
presuming innocence until proven guilty. If FinCEN wants to target criminals, they should be using the tools
of our US court system, based on hard evidence.

Thank you - Julia Taylor, CPA

288
415

Lex Taylor Ill
LMT! Estate, LLC
Lexmtaylor@yahoo.com

I'm Lex Taylor and have a smait business that does manages a couple mortgages owned by my deceased
father for the benefit of myself and four siblings.

1am asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rute is just another example of the
government tipping the scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Lex Taylor for LMTJ Estate, LLC

289
416

Glenn Thore
Vice President of Thore Untimited, LLC

I'ma vice president and have a small business that does exercise online training.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rute
violates my rights to privacy and to being presumed innocent until proven guilty, If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn't have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. it is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOI rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. I respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

290
417

Charlie Toci
Alissa Toci

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOt rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and that
of millions of others at risk.

I shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. The stated reason for the rule is to prevent financial crimes, such as those
committed via money laundering and cartel activity. It is untikely that any individual who would engage in
such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial criminals are
willing to break the laws at such a level, they would hardly care about additional rules and laws, That means
the only people reporting to FinCEN are law-abiding small business owners, because big businesses are
exempt from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital goods
and services, generate significant economic activity, and create employment for ourselves and others.

Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys, It is a challenge to be a small business owner
but also a privilege. We just want to be left to be a vital and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Charlie Toci

Alissa Toci

Your Hidden Refunds

41 W Hwy 14; Spearfish, SD 57783

291
418

Richard Stephan Toman

I’m Richard Stephan Toman and have a small business that does sculpture and specialty woodworking. | am
asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information
(“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule violates my
rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target criminais,
they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. tf
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to smaill businesses,
but it also can turn us into criminats if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? As an artist | am having a hard enough
time trying to make my way against the tsunami of competition from cheap foreign junk: | don't need to be
hamstrung any further by my own government. Small businesses make up the backbone of the United
States economy. We provide vital goods and services, generate significant economic activity, and create
employment for ourselves and others. Yet, the US government always seems to favor big businesses, and
the CTA BO! rule is just another example of the government tipping the scale in favor of the big guys. Itis a
challenge to be a small business owner but also a privilege. We just want to be left to be a vital and vibrant
part of the US economy. I respectfully ask Congress to immediately overturn the powers given to FinCEN
and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small
business owners. Thank you.

Richard Stephan Toman

292
419

Kris Upson
Sage River Massage

Government over reach, keep out of my small business. Government, go after real criminals that brake the
laws over and over.

293
420

Elizabeth Van Vaikenburgh
Tax Maam LLC

}am a small business that provides bookkeeping and tax preparation for other small businesses. | am past
retirement age and this is how | supplement my SS benefits. I'm not building an empire, just supplementing.

| had an extremely successful IT career for 40 years, laid off twice during the recession and having a small
business that affords me the necessary work and income to survive is what now keeps me active.

With bookkeeping and tax preparation, | have a greater knowledge and responsibility of confidentiality for
my clients and when | first became aware of the BOI | was shocked as well as annoyed.

It was clear to me that this was government overreach, pure and simple. The IRS already has much of this
data requested and there is no clear need for another department to collect this much data.

FinCen has a shady history and hasn't proven itself to be in agreement with the needs/wants of its citizens.
Too many others (including foreign countries) can ask for this data without informing anyone that they're
subject of an investigation. We've already seen other entities mis-use and falsely accuse our citizens of
criminal acts without proof (FISA Court, anyone?) and | have no confidence that this data will be protected
against data breach, bribery or simple acts of self-interest.

| am so angry that data is currently being collected and will never be deleted regardless of congressional or
court action, A federal district court found the entire scheme to be unconstitutional and yet somehow only
against the particular plaintiffs. | have no understanding how that works only for those plaintiffs. | was under
the impression that there is only one Constitution and it only provides a few authorities for the federal
government and this is not one of them.

Our banking institutions have the knowledge, experience and data to create suspicious activity reports
already. Even this has been misused wherein a certain US family's SARs were ignored and no one cared.
Having a database that can easily be enhanced and increased to target specific owners and individuals will
surely be done (with my 40 years experience, | could have that all scoped out by tonight and | presume that
has already been done). | say all this without even having to address the outrageous fines attached to the
failure of keeping records updated.

State BMVs (DMVs) have regulations that require informing them of new address within 10 days in my state,
but there's no such enforcement nor outrageous fines for not doing so.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

294
421

Gaylon Van Winkle

Sacramento Mountain Print Works, LLC

SMPrintworks@gmail.com /

My husband and I have a small business that does screen printing and embroidery locally, in Otero County.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rute passed by Congress that unfairly targets American smail businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only peopte reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you.
Gaylon Van Winkle

Sacramento Mountain Print Works, LLC
422

Stephen Vogel
Strowger inc, Paradise by the sea llc, 2011 LLC, 2012 LLC, 2013 LLC, etc

{am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BO?”) rule passed by Congress that unfairly targets American small businesses.

| have numerous small businesses, mostly asset protection LLC s for rental properties but also more active
companies too. Narcissists at city, county, state and federal level have passed so many pointless
regulations that it is impossible to keep track of them all. In order to own a business you must first be willing
to break some uncountable laws.

We have too much government. It's time for massive federal layoffs.

296
423

Linda Wade
Wade Renovations Inc

’'m Linda Wade and have a small business that does construction.

Lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive Information
and identification that could be used by hackers and fraudsters, placing my business and that of mitlions of
others at risk. | snhouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FInCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding smalt
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. I respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. This is government overreach and should never happen in America.

Thank you,
Linda Wade

297
424

Barbara J. Wallace

My name is Barbara J. Wallace and | am the owner of Corporate Concepts Etcetera, LLC. Email:
babsbiz92@gmail.com, web address: www.corporateconceptsetc.com.

i started my business September 2, 1992 and have a small business that sells gifts, awards, floral design,
staging and whatever else the imagine create for corporations and small businesses.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminats, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. |Shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FiInCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Smalt businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BOI rule is just another example of the government tipping the scale in
favor of the big guys. It is a chatlenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. I respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you. Barbara J. Wallace, Corporate Concepts Etcetera, LLC.

298
425

Kyle Warmington

iam sick and tired of being treated as the potential criminal in this nation. Spend more of your time going
after actual criminals instead of thinking of new ways to burden small businesses across this nation. This
new interest in having us register again with your {RS is absurd. You already have our information, you
already receive a ridiculously complicated Tax Return costing me enough money to have to pay a
bookkeeper, accountant and assistant to make sure we follow all your stupid rules and guidelines. Stop
wasting our time and money and do your freaking jobs to take care of our nation’s security, infrastructure
and enforcing our CURRENT LAWS instead of chasing after business people that are employing the people
of this nation!

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI") rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such untawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws, That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Smalt businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Kyle Warmington

Small Business Owner and ANGRY CITIZEN!
Pakmail

299
426

Dr. Adriana Warne, DNP, FNP-C

The Mama Coach - Adriana Warne PLLC

adriana. warne@themamacoach.com, adriana-warne.themamacoach.com,
Mesa, AZ

I'm Dr. Adriana Warne and have a smalt business that does provides holistic mobile medical care and
prenatal/postpartum/CPR educational services.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

I shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. Itis unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOT rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

{respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Dr. Adriana Warne, DNP, FNP-C, The Mama Coach - Adriana Warne PLLC

300
427

Daniel Wayman

Members of Congress,,

lown my own business. | am working like hell to just repair the damage done to my business by onerous
government restrictions during the Covid time.

This new law will do absolutely nothing to curb illicit activity, but will merely put an additional and quite

unnecessary burden on me as | try to provide for my family. Anyone who thinks that criminals will pay
attention to this law or any law is so stupid that they surely must be in Congress.

Please prove my above statement wrong and get rid of this moronic and useless legislation.

Regards,

Daniel Wayman

Owner, Selkirk Solutions, LLC

301
428

Gregory J Beretta

'm Gregory J Beretta and have a small business that builds custom homes. | am asking you to
immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”)
rule passed by Congress that unfairly targets American small businesses. The rule violates my rights to
privacy and to being presumed innocent until proven guilty. tf FinCEN wants to target criminals, they
should be using the tools of our US court system, based on hard evidence. The CTA BOI rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk, | shouldn’t have to choose between the protection of a business entity like an LLC or S-
Corp and being a target of government overreach. The stated reason for the rule is to prevent financial
crimes, such as those committed via money laundering and cartel activity. It is unlikely that any
individual who would engage in such unlawful acts would voluntarily give accurate information willingly
to FinCEN. if financial criminals are willing to break the laws at such a level, they would hardly care
about additional rules and laws. That means the only people reporting to FinCEN are Jaw-abiding small
business owners, because big businesses are exempt from the rule reporting requirement. Not only is
this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by accident.
Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys. It is a challenge to be a small business
owner but also a privilege. We just want to be left to be a vital and vibrant part of the US economy. |
respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners, Thank
you.

Gregory J Beretta President

Beretta Bros. & Associates, Inc.

302
429

Casey Peltier
I’m Casey Peltier and have a small business that does Real Estate.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BO") rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

Il shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should taw-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

it is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Casey Peltier

Peltier Properties

303
430

Daniel Peltier
The Peltier Company
Hi,

I'm Daniel Peltier and have small businesses that do roofing, real estate and other real estate based
businesses and rentals.

The above name is just one of our family owned businesses that will be negatively impacted by this
ludicrous overreach of the government.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
tule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

Daniel Peltier - President

The Peltier Company

304
431

Ronald N. Quinn

1am Ronald N. Quinn, an officer and part owner of a Sub-S/LLC business, engaged in energy
development and production. | am asking you to immediately overturn the Corporate Transparency
Act’s Beneficial Ownership Information (“CTA BOI”} rule passed by Congress. It unfairly targets
American S-Corp and LLC businesses.

The CTA BOI rule has been deemed by court proceedings to be unconstitutional. The rule violates rights
to privacy and to being presumed innocent until proven guilty. If FinCEN's desire is to target criminals,
they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule creates
massive privacy issues, requiring companies to report personal confidential information and
identification documents that could be used by hackers and fraudsters, placing my business and that of
millions of innocent citizens at risk.

The reason asserted for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is incredibly naive for anyone to believe that an individual engaging in
such unlawful acts would comply with the CTA BOI rule and voluntarily submit accurate information to
FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly care about
additional rules and laws. That means the only people reporting to FinCEN are law-abiding business
owners, because big businesses are exempt from the rule reporting requirement. Not only is this unfair
to legitimate, law-abiding businesses, but it exposes businesses and individuals to criminal prosecution
without evidence or justification, even if violations are inadvertent. Law-abiding business owners
should not be threatened with jail time and financial penalties. S-Corp and LLC businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others.

l respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners. At the
very least, the CTA BO! rule should be suspended until court proceedings on its constitutionality have
been fully adjudicated and resolved through the U.S. Supreme Court. Thank you.

/s/ Ronald N. Quinn
Executive Vice President
Tenaska Energy, Inc.
14302 FNB Parkway

Omaha, NE 68154

305
432

Jo Everitt
Collinsville LLC

joaeveritt@yahoo.com

'm Jo Everitt and have an LLC.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

i shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Jo Everitt, Managing Member Collinsville LLC

306
433

Karyn Lefebvre
Cassatt Enterprises, LLC

1am a partner/owner of Cassatt Enterprises, LLC and have established a small business in August 2023
that has a goal of real estate investment; however, we have had no business activity to date.

We became aware of the CTA in January 2024 which demands registry with FinCEN by 01/2025 or face
egregious penalties,

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. | am acutely aware
as a retired Federal Agent that FinCEN (Financial Crimes Enforcement Network) only exists as a suspect
list and tool for Federal investigations to target money laundering and terrorism. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on probable cause and
evidence. The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report
personal, sensitive information and identification that could be used by hackers and fraudsters, placing
my business and that of millions of others at risk. More importantly, this reporting requirement
essentially puts every small business owner in a suspect database that will be shared with 145 other
countries who are members of Financial Intelligence Units, https://egmontgroup.org/about/financial-
intelligence-units/. The information will also be available to local, state and other law enforcement,
whether or not there is suspicion of a crime. The Department of Treasury will have access for any
reason. No one should have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial
crimes, such as those committed via money laundering and cartel activity. It is unlikely that any
individual who would engage in such unlawful acts would voluntarily give accurate information willingly
to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly care
about additional rules and laws. That means the only people reporting to FinCEN are law-abiding small
business owners, because big businesses are exempt from the rule reporting requirement. Not only is
this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even if by
accident. For example, if a business entity fails to forward change of address or other minor details to
FinCEN they are subject to draconian penalties. Why should law-abiding small business owners be
threatened with jail time and financial penalties? Small businesses make up the backbone of the United
States economy. We provide vital goods and services, generate significant economic activity, and create
employment for ourselves and others. It is a challenge to be a small business owner but also a privilege.
We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask Congress to
immediately overturn the powers given to FinCEN and revoke the CTA BO! rule and any further rules
that unfairly, unconstitutionally target American small business owners in violation of the First, Fourth
and Fifth Amendments of the United States Constitution. Thank you.

Cassatt Enterprises, LLC

307
434

Mary Kelly

I'm Mary Kelly and have a small business, Smart Bug Corporation, that sells small listening devices with
multiple channels to school districts and interpreters.

1am asking you to immediately overturn the Corporate Transparancy Act Beneficial Ownership
Information Act rule that unfairly targets small businesses like mine.

The rule violates my right to privacy and being presumed innocent until proven guilty.

These rules are given to us in the name of protecting everyone from fraud and money laundering the
same way banks are now requiring more and more in formation from us in order to do business.

t recently tried to setup a new system of invoicing and receiving payment using CHASEBank. They were
requiring so much information from us on each of our five owners that they even wanted a copy of one
of the owners social security card. This was to prevent fraud and money laundering. The owner refused
to give it so we were denied the service.

We then turned to use the authorize.net system, not a CHASE system. When we started to receive
payments from our customers, we were required to send CHASE COPIES OF OUR INVOICES before they
would release money to us.

Of course we were told it was to prevent fraud and money laundering.

This phrase is being used more and more as an excuse to get more information from us and to require
more and more paperwork from us. This has got to stop. It is sucking money and time out of our
business for the only reason that other people are criminals so they need to be extra tough on law
abiding people and companies, perhaps making criminals out of us in the process.

They actually think that by putting all these restrictions on us it is going to prevent fraudsters and money
launderers from figuring another way to do their transactions - or not lie to you or figure a legal way to
cover up their ownership.

This is unfair to small businesses and can make a criminal out of me if | don’t comply or forget to comply
- which would then again suck more money and time out of my business - again making a criminal out of
me.

| respectfully ask congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, and unconstitutionally target small businesses.

Thank you

Mary Kelly

308
435

Daniela Liscio

Parthenon Equipment Finance LLC
daniela@parthenonstrategy.com
https.//parthenonstrategy.com

My name is Daniela Liscio and | am the owner of Parthenon Equipment Finance LLC, an equipment finance and
growth strategy consulting business helping other small businesses grow in an overly complex and burdensome
regulatory environment.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership information (“CTA
BOI") rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should use the tools of our US court system once they have hard evidence of criminal wrongdoing.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal and sensitive
information and identification that could be used by hackers and fraudsters, placing my person and my business —
and that of millions of others — at risk.

t shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a target of
government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering and
cartel activity. There is about a 0% chance that any individual who would engage in such unlawful acts would
voluntarily give accurate information to FinCEN. If financial criminals are willing to break the laws at such a level,
they would hardly care about additional rules and laws.

Since big businesses are exempt from the rule reporting requirement, and since no one actually expects criminals
to willingly report as contemplated by the CTA BOI, the only people reporting to FinCEN are law-abiding small
business owners.

This is government overreach with no reasonable basis. With this rule, it seems Congress is more interested in
turning law-abiding small businesses into criminals — rather than direct their attention to actual crime that
threatens all of us.

Small businesses are the backbone of the US economy. Anyone who runs a business knows it is one of the hardest
things to do, involving significant risk, toil and sacrifice. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Why does the US government consistently
favor big business? The CTA BOI rule is just the latest example of the government tipping the scale in favor of the
big guys, crushing the spirit of small business.

That is not what you were elected to do.

Let us be the vital and vibrant part of the US economy that you know we are. Destroying this vibrancy is what will
destroy America. At its heart, this is a country of entrepreneurial fire the likes of which the rest of the world does
not compare.

{ respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and
any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Daniela Liscio

Parthenon Equipment Finance LLC

309
436

Mandi Kuidlan
IET Corporation
ietcorp.us

'm Mandi Kuidlan and have a small business that does Low Voltage Telecommunications, Security and
Audio Visual.

!am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, ,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners,

Thank you.

Mandi Kuidlan

310
437

Darya Tyshiek, StratCraft Inc (and also soon to be Go Go Grow Show LLC}
Contact: dasha@strat-craft.com

Dear Congress and Government Representatives. | am the owner of two small business. StratCraft
assists new ventures in medical and pharmaceutical technologies with their go-to-market strategy and
the Go Go Grow Show is a podcast and agency helping B2B companies with their sales and marketing.

J am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business. my
customer's businesses, and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. The stated reason for the rule is to prevent financial crimes, such as
those committed via money laundering and cartel activity. It is unlikely that any individual who would
engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial
criminals are willing to break the laws at such a level, they would hardly care about additional rules and
laws, That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small
businesses, but it also can turn us into criminals if we don’t comply, even by accident. Why should law-
abiding small business owners be threatened with jail time and financial penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others.
America's economy depends on small businesses and the reason this country has such a thriving
business environment is precisely because in the past the bureaucratic requirements for opening a
business were minimal and easy for any creative engineer or plumbing specialist to meet. Starting and
running a small business is REALLY HARD WORK and small businesses are the powerhouses of innovation
and productivity for our entire nation. Yet, the US government is now creating more red tape and
punishing the small company while also tipping the scale in favor of the big corporations.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the powers
given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally
target American small business owners.

Thank you. Darya Tyshlek, President of StratCraft.
438

Sharmen Kimbrough

LiveFound, inc

Raleigh, Wake County, NC
www.Sharmenkimbrough.com www.LiveFound.org

’m Sharmen Kimbrough and have a smail business S-Corp that provides relational health
coaching/consultation for people in high-profile, high-conflict relationships.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses like
mine.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence, not setting up a system to catch the people who DO abide by a rule of law.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. tf financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? | really do want to know.

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example

of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Sharmen Kimbrough, LiveFound, inc.

312
439

Jan Horwood

JSH Company, CPA, LLC
PO Box 178;

Milan, Ml 48160
cpajan@jshcompany.com

I'm Jan Horwood and have a small business within which | provide tax preparation and accounting
services, | am asking you to immediately overturn the Corporate Transparency Act's Beneficial
Ownership Information (“CTA BOI”) rule passed by Congress that unfairly targets American small
businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence. The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report
personal, sensitive information and identification that could be used by hackers and fraudsters, placing
my business and that of millions of others at risk. | shouldn’t have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach. The stated reason for
the rule is to prevent financial crimes, such as those committed via money laundering and cartel activity.
It is unlikely that any individual who would engage in such unlawful acts would voluntarily give accurate
information willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they
would hardly care about additional rules and laws. That means the only people reporting to FinCEN are
law-abiding small business owners, because big businesses are exempt from the rule reporting
requirement. Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t
comply, even by accident. Why should law-abiding small business owners be threatened with jail time
and financial penalties? Small businesses make up the backbone of the United States economy. We
provide vital goods and services, generate significant economic activity, and create employment for
ourselves and others. Yet, the US government always seems to favor big businesses, and the CTA BO!
rule is just another example of the government tipping the scale in favor of the big guys. It is a challenge
to be a small business owner but also a privilege. We just want to be left to be a vital and vibrant part of
the US economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and
revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small
business owners. Thank you,

Janice S Horwood, CPA; JSH & Company, CPA, LLC.

313
440

Andrew Saunders

\'m Andrew and have a small business that is not yet an entity. I’m just getting started, but this bill will
make it difficult for me to grow and expand into an entity.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Andrew Saunders
1791 Digital
441

Mark Ehrhard

Atlanta Digital Graphics
629 Scenic Highway
Suite D

Lawrenceville, GA 30046

I'm Mark Ehrhard and have a small business that does large format printing.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners,

Thank you.
Mark Ehrhard, Atlanta Digital Graphics

315
442

Robert Hunt

'm Bob Hunt and have a small business that does apartment rentals. | am asking you to immediately
overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule passed by
Congress that unfairly targets American small businesses. The rule violates my rights to privacy and to
being presumed innocent until proven guilty. If FinCEN wants to target criminals, they should be using
the tools of our US court system, based on hard evidence. The CTA BOI rule is not only unconstitutional,
but creates privacy issues, asking us to report personal, sensitive information and identification that
could be used by hackers and fraudsters, placing my business and that of millions of others at risk. |
shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. The stated reason for the rule is to prevent financial crimes, such as
those committed via money laundering and cartel activity. It is unlikely that any individual who would
engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial
criminals are willing to break the laws at such a level, they would hardly care about additional rules and
laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small
businesses, but it also can turn us into criminals if we don’t comply, even by accident. Why should law-
abiding small business owners be threatened with jail time and financial penalties? Small businesses
make up the backbone of the United States economy. We provide vital goods and services, generate
significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BOI rule is just another example of the government
tipping the scale in favor of the big guys. It is a challenge to be a small business owner but also a
privilege. We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule and any
further rules that unfairly, unconstitutionally target American small business owners.

Thank you. Robert Hunt/ The Greens Apartments LLC

316
443

Michael Pankratz
April 16, 2024

Dear Members of Congress:

lam starting a new business that will grow healthy produce to help service food deserts and feed the
hungry in our local community. | recently learned about HR2513, which was passed by Congress back in
2019 and went into effect on January ist, 2024. | am asking you to immediately overturn this Corporate
Transparency Act Beneficial! Ownership Information (CTA BO!) rule that places an additional burden on
the 30+ million American small businesses who are the economic backbone of this great nation.

The CTA BO! rule is not only unconstitutional, but also creates privacy issues. This appears to be a
registry of small business owners which will contain an extensive amount of information that will be
collected into a centralized database under the government’s “stewardship”. | see two problems with
this: 1) it will be an irresistible goldmine of information for hackers, placing my business and that of
millions of others at risk. And | have zero confidence that the government can keep this information
secure. it will only be a matter of time before this repository is compromised and made available on the
dark web. 2) As the government continues to build private-public partnerships with large corporations
and continues to go to war against small independent businesses in agriculture and other sectors, it
could easily abuse the detailed information found in this database.

The stated reason for this rule is to prevent financial crimes. However, it is unlikely that any individual
who engages in such unlawful acts would voluntarily give accurate information to FinCEN. If financial
criminals are willing to break the laws at such a level, they would hardly care about any new rules and
laws. In addition, since there is a carve-out for big businesses in this rule, the only people who are
reporting are law-abiding small business owners.

This rule could make honest hard-working citizens into criminals if we fail to comply, even by accident.
Why should law-abiding small business owners be threatened with jail time and financial penalties? We
shouldn’t have to choose between the protection of an LLC business entity and being the target of
government overreach.

{t is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy. And with that, | respectfully appeal to Congress to immediately
overturn the powers given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly and
unconstitutionally target American small business owners.

Thank you,

Michael Pankratz

Grateful Steward Farm, LLC
Kansas

317
444

Jeff & Tracey Wakeen

MEMO: Corporate Transparency Act
TO: Carol Roth
DATE: April 16th 2024

Carol,

We own several businesses. Not only does the CTA violate my constitutional rights in particular the 4th
and 5th Amendment but this will be incredibly time consuming and burdensome to update either new
business information or change information. All of this under the assumption that the pizza shop down
the street is money laundering.

Are there any stats on this? Or is this just a way to continually have our bank accounts audited and
potentially seized for our voting record or views.

This is yet another attack on small business!
Thank you in advance for standing up to this unconstitutional act!

Jeff & Tracey Wakeen
Founders, Go Big Small Biz Network

318
445

Dustin Zaun

I'm the owner of A-1 Heating & Air ND. | own a small business that does installation, service and
maintenance of heating and air equipment.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI") rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

319
446

Leo Carling
Cost & Schedule Analysis
Bentonville VA 22610

I'm a retired U.S. Navy Officer and a small business owner. My company assists U.S. Government
agencies with ship construction / repair planning and contract administration.

| request you immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information
(“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The CTA BOI rule is not only unconstitutional, it creates privacy issues, asking small business owners to
report personal, sensitive information and identification that could be used by hackers and fraudsters,
placing my business and that of millions of others at risk.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. As a result, the only
people reporting to FinCEN will be law-abiding small business owners.

Not only is this unfair to small businesses, but failing to file will turn small business owners into criminals
if we don’t comply, even by accident. Small businesses make up the backbone of the United States
economy. We provide vital goods and services, generate significant economic activity, and create
employment for ourselves and others.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Sincerely,

Leo Carling
LCDR (USN, ret)

320
447

Bronson Tucker

Tucker Transportation, inc
office@tuckertransportationinc.com
970-565-049

I’m Bronson Tucker and have a small business that does trucking.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

I shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Bronson Tucker

Owner

Tucker Transportation, Inc

321
448

Ryan Arnsperger

It took me a while to find out how to spell fincin. When | finally got to the website. | filled out one form than
another then itntook.me back to the first form | filled out and | had to fill it out again. Then then another.
Then it took me back to the first form | filled out and | fitled it out for the third time. This went on and on.
Finally | went to the help page. It gave me an email address to send my questions. | sent my questions, never
got a response back.

Ryan Arnsperger
Screen jack lic

322
449

Stacey S. Rubenking

Southwest Mechanical Management Inc.
6145 W S9th Ave Arvada CO 80003
sruben66@aol.com

I'm Stacey Rubenking and have a small business that does commercial heating and air conditioning
work.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

ishouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. if financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others, Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Stacey Sue Rubenking
Southwest Mechanical Management Inc. In business since 1986!

323
450

Belynda Wicks

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.
The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.l shouldn’t have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

I'm sick of the government over reach...1 respectfully ask Congress to immediately overturn the powers
given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally

target American small business owners.

Thank you
Belynda Wicks/Bama Exhaust

324
451

Joe Murphy
Murphy Tomatoes
San Antonio, TX

I'm Joe Murphy and have a smail business that provides tomatoes wholesale to schools, food service
companies, etc. |am asking you to overturn the Corporate Transparency Act's Beneficial Ownership
Information rule passed by Congress that unfairly targets American small business. The rule violates my

rights to privacy and to being presumed innocent until proven guilty.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you, Joe Murphy/Murphy Tomatoes

325
452

Janalee Martinez

JBM Consulting LLC
jana@jbmconsultinglic.com

I’m Janalee Martinez and have a small business that does business consulting, accounting, and tax work
for small businesses in my local area and across the country.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard

The CTA BOI rule is not only unconstitutional but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example

of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, and unconstitutionally target American small business owners.

Thank you.

Janalee Martinez
JBM Consulting LLC

326
453

Larry Squires

My name is Larry Squires and | run a meat cutting business called Battleridge Custom Cutting and email
is 1100cutter@gmail.com. Please overturn the cta boi rule passed by congress. This is a great invasion
on our privacy and we have neither the time, money or desire to comply with more government
intrusion. Let us run our companies as we see fit and quit putting undue burdens on us as just a means
of more government control. Thank you.

327
454

Jay E. Burch

Knots Promotions, LLC
JayBurch@KnotsAboutWine.com
8 McCormick Drive

Landenberg, Pa 19350

My name is Jay Burch and | have a small business that does promotions and marketing.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information ("CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. {f financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses like mine make up the backbone of the United States economy. We, small
business owners, provide vital goods and services, generate significant economic activity, and create
employment for ourselves and others. Yet, the US government always seems to favor big businesses,
and the CTA BO! rule is just another example of the government tipping the scale to the advantage of
those select entities. It is a challenge to be a small business owner but also a privilege. | just want to be
left alone to be a vital and vibrant part of the US economy and to not be unjustly encumbered by the
CTA BOI rule. | respectfully ask Congress to immediately overturn the powers given to FinCEN and
revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small
business owners. Thank you.

Jay E. Burch, President
Knots Promotions, LLC

328
455

Tony Knight

Knights international

1000 Lake St. Louis Blvd., suite 23
Lake St. Louis, MO 63367
lronworksUS.com

'm Tony Knight and have a small business that sells plumbing supply parts to distributors in the US.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you.

Tony Knight
Knights International

329
456

Shannon L May

I’m Shannon L May and have a small business that does accounting, tax preparation, business
consulting, etc.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you. Shannon L May, Member/Manager of The Consulting Den LLC

330
457

Michael Parker,
L&M Fabrication LLC,
Huger Sc 29450

’'m Michael Parker and have a small business that does Mobile Welding.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinNCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. if financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident, Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you. Michael Parker / L&M Fabrication LLC

331
458

Terry Witt

my opinion is that we are being forced to list our business on a government site that already knows who
we are, what we do and how much money we make.

They know this from our accountants and from our taxes that we pay.

it is like gun control, just get on the list, so we can control you more, but we know where to find you,
when we want you.

Our company was not notified by the Government entity to do this, buut we found out by word of
mouth, hoping that we never found out about it at all. My account said that he could not help at all on

any questions, and if | need help to consult a lawyer to get it filled out.

This is extra expense on our company, for info they already have visibility of. | do not need another
entity, that | have to keep track of, in order to operate a business in the USA.

Not saying it is unfair, but it is not needed, with the oversight from the business community, that are
already in place.

Thanks fro allowing me to express my opinion.

332
459

Shari Becker

PER-FIL Industries Inc.
407 Adams St
Riverside, NJ 08075
www.per-fil.com

Tel: 856-461-5700

PER-FIL Industries manufactures Auger Filling Equipment. We are a small family business founded in 1974 trying to
survive this disastrous economy made worse by burdensome regulations and tax policy. You always hear that we
don't make anything in America anymore, weil PER-FIL does! Proudly providing jobs and high quality machinery
for 50 years.

lam asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership Information (“CTA
BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and that of
millions of others at risk.

i shouldn't have to choose between the protection of a business entity and being a target of government
overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering and
cartel activity. It is unlikely that any individual who would engage in such unlawful acts would voluntarily give
accurate information willingly to FinCEN. if financial criminals are willing to break the laws at such a level, they
would hardly care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement.

Not only is this unfair to smal! businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and services,
generate significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BOI rule is just another example of the government tipping the
scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and vibrant
part of the US economy.

t respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule and
any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Sincerely,

Shari Becker
President

PER-FIL Industries, Inc.
shari@per-fil.com

333
460

Daniel Hoeppner

Grace Manufacturing, Inc.
Warsaw, Indiana 46581
www.grace-mfg.com

'm Daniel and have a small business that does metal and plastics fabricating.

tar asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.
The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

it is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Daniel Hoeppner
Grace Manufacturing, Inc.

334
461

R, Michael Ulrich
Cape Cod Associates Real Estate

mike@capecodare.com.

'm Mike Ulrich and have a small business that does real estate transactions.

1 am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. if financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy, | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners, Thank you.

Michael Ulrich. Broker Cape Cod Associates Real Estate

335
462

Sam Brown

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN, If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

Sam Brown-DLB Hauling.

336
463

Shirley Keily LaBrecque
Arches Psychiatric Services,PLLC

https://www. psychologytoday.com/us/psychiatrists/arches-psychiatric-services-plic-amesbury-
ma/425196

I'm a psychiatric nurse practitioner and have a small business that does medication management and
therapy for clients struggling with their mental health.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOL”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. it is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. tf financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding smail business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Shirley Kelly LaBrecque, PMHNP-BC
Arches Psychiatric Services, PLLC

337
464

Kristi Wilbert
I’m Kristi Wilbert and have a small business that provides real estate sales research.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI’) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. !f FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners,

Thank you.
KMW Enterprises LLC

338
465

Ralene Barton
’m Ralene Barton and have a small business that sells antiques.

lam asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership
Information (“CTA BOI’) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn't have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
smail business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners,

Thank you. Ralene Barton, Capital City Antique Mall

339
466

Jason Rasch
My name is Jason Rasch and | have a smail Reai Estate business.

lam asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident, Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you.

Jason Rasch
CBH 171 LLC

340
467

Timothy Rex Parks

My name is Timothy Rex Parks, | own and operate Parks Woodworks LLC, a smail business providing
services to a multi-billion-dollar industry here in North Carolina. | am considering leaving my career and
employees because of the amount of extra work | have to do to maintain good standings with the
Government. The Government that is supposed to be working for ME.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BO!”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. If the
FinCEN needs direction in their hunt for criminals, | have read enough excerpts from the ""Biden
laptop"" to know they can find a few criminals in the White House.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk. | shouldn't have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. it is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement. Not only is this unfair to small businesses, but it also can turn us
into criminals if we don’t comply, even by accident.

Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys. It is a challenge to be a small business
owner but also a privilege. We just want to be left to be a vital and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you,
Timothy Rex Parks
Parks WoodWorks LLC

341
468

Steven D. Schlagel
Steven D. Schlagel, CPA, PC

i'm a CPA and have a small business that provides accounting and consulting services to small
businesses.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smail businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corporations and
being a target of government overreach.,

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. {f financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

Based on what | see in my business and the many small businesses that | serve, the small business
community is overwhelmed with unnecessary compliance and regulations.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Steven D. Schlagel, President
Steven D. Schlagel, CPA, PC

342
469

Michael S. Hicks
Clipper Pacific Studios, LLC
www.clipperpacific.com, michael@clipperpacific.com

I'm Michael Sean and have a smail business that does digital media motion picture production.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. if financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and Jaws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
smail business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you.

Michael Sean Hicks
Clipper Pacific Studios, LLC.

343
470

Angela Wilsford

{ am an owner operator in the trucking industry and have an LLC that | am the sole participant in. 1am
asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information
(“CTA BOI") rule passed by Congress that unfairly targets American small businesses. The rule violates
my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI
rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident, Why should taw-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. it is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

Angela Wilsford
Something Witty LLC

344
471

Evan & Rosa Wright,
Wright's Hardware,

We are a small business located 40 miles from the nearest big box store. We provide our small
community with a friendly, home-town, local option for hardware and home-goods.

Our store is fairly recently new to us, but since 1926 when it was built it has been and continues to be an
integral contributor to the lives of our customers and visitors. And, it has provided an employment
option for a few of our local best.

We are asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates our rights to privacy (see the 4th Amendment to the Constitution of the United States) and
to being presumed innocent until proven guilty (see the Sth Amendment to the United States
Constitution). If FinCEN wants to target criminals, they should be using the tools of our US court system,
based on hard evidence. The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking
us to report personal, sensitive information and identification that could be used by hackers and
fraudsters, placing our business and that of millions of others at risk. We shouldn’t have to choose
between the protection of a business entity like an LLC or S-Corp and being a target of government
overreach. The stated reason for the rule is to prevent financial crimes, such as those committed via
money laundering and cartel activity. It is unlikely that any individual who would engage in such
unlawful acts would voluntarily give accurate information willingly to FinCEN. tf financial criminals are
willing to break the laws at such a level, they would hardly care about additional rules and laws. That
means the only people reporting to FinCEN are law-abiding small business owners, because big
businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties for not abiding by an
unconstitutional rule? Small businesses make up the backbone of the United States economy. We
provide vital goods and services, generate significant economic activity, and create employment for
ourselves and others. Yet, the US government always seems to favor big businesses, and the CTA BOI
rule is just another example of the government tipping the scale in favor of the big guys and no doubt
for themselves. It is a challenge to be a small business owner but also a privilege. A privilege granted all
LAW-ABIDING citizens. We just want to be left to be a vital and vibrant part of the US economy. And
frankly, this is the kind of rule that makes us wonder if there are ANY honest, constitutional
representatives OF THE PEOPLE left in Congress. We respectfully ask Congress, the voice of the peaple,
to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and any further rules
that unfairly and unconstitutionally target American small business owners.

Sincerely,

Evan & Rosa Wright
Wright's Hardware

345
472

Todd Lehner
Lehner Properties LLC

'm Todd Lehner and have a smail business that does real estate owning, investment, and rental.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or $-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners, Thank you.

Todd Lehner / Lehner Properties LLC

346
473

Kaylen Lehner
I’m Kaylen Lehner and have a small business that does insurance.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. tf financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners,

Thank you. Kaylen Lehner / Lehner Insurance Agency, Inc.

347
474

Todd Lehner
Round Town Outdoors LLC

I'm Todd Lehner and have a small business that does real estate leasing and sub-leasing. | am asking you
to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA
BOI”) rule passed by Congress that unfairly targets American small businesses. The rule violates my
rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target criminals,
they should be using the tools of our US court system, based on hard evidence. The CTA BOI rule is not
only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn't have to choose between the protection of a business entity like an LLC or S-
Corp and being a target of government overreach. The stated reason for the rule is to prevent financial
crimes, such as those committed via money laundering and cartel activity. It is unlikely that any
individual who would engage in such unlawful acts would voluntarily give accurate information willingly
to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly care
about additional rules and laws. That means the only people reporting to FinCEN are law-abiding smail
business owners, because big businesses are exempt from the rule reporting requirement. Not only is
this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by accident.
Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys. It is a challenge to be a small business
owner but also a privilege. We just want to be left to be a vital and vibrant part of the US economy. |
respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners. Thank
you,

Todd Lehner / Round Town Outdoors LLC

348
475

Todd Lehner

\'m Todd Lehner and have a small business that does dog training. | am asking you to immediately
overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule passed by
Congress that unfairly targets American small businesses. The rule violates my rights to privacy and to
being presumed innocent until proven guilty. If FinCEN wants to target criminals, they should be using
the tools of our US court system, based on hard evidence. The CTA BOI rule is not only unconstitutional,
but creates privacy issues, asking us to report personal, sensitive information and identification that
could be used by hackers and fraudsters, placing my business and that of millions of others at risk. |
shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. The stated reason for the rule is to prevent financial crimes, such as
those committed via money laundering and cartel activity. It is unlikely that any individual who would
engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial
criminals are willing to break the laws at such a level, they would hardly care about additional rules and
laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small
businesses, but it also can turn us into criminals if we don’t comply, even by accident. Why should law-
abiding small business owners be threatened with jail time and financial penalties? Small businesses
make up the backbone of the United States economy. We provide vital goods and services, generate
significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BOI rule is just another example of the government
tipping the scale in favor of the big guys. It is a challenge to be a small business owner but also a
privilege. We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and any
further rules that unfairly, unconstitutionally target American small business owners. Thank you.

Todd Lehner / Montana Bird Dog Company

349
476

Shelli Nyland
'm Shelli Nyland and have a small business that does laser engraving.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses, The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence, The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and Jaws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners. Thank

you.

Shelli Nyland, Cut to the Core

350
477

Joanne Sorrentino
My conviction on this subject are very simply stated in this sentence:

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

| am Joanne Sorrentino, Esq., and had a small law office. | had no employees; | ran the office myself. |
retired from the practice of law in December 2023. In my practice ! collected fees in which were in
excess of $1,000.

For liability purposes the LLC has not dissolved at this point; but will be dissolved in the future. Although
the LLC remains open it is not active.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business, me
and that of millions of others at risk. | shouldn’t have to choose between the protection of a business
entity like an LLC and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individua! who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. if financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you. Respectfully, Joanne Sorrentino, Esq.

351
478

Sheiby Wilder
\'m Shelby Wilder, and have a small bakery and defi in rural North Carolina.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard evidence
NOT targeting innocent small business owners with too much on their plate already.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

352
479

Devin Cox

| am asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk, | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BO! rule and any further rules that unfairly, unconstitutionally target American smail business
owners.

Thank you,

Devin Cox
Applied Composite Materials, LLC

353
480

Daniel Loomis

JD Trucking Disposal & Recycling LLC

I’m Dan Loomis and have a small business that provides disposal and recycling services.

! am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FINCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example

of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

{ respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Daniel Loomis/JD Trucking Disposal & Recycling LLC

354
481

Crystal Osterkamp
OzarkLife Vending

Just started this business this year, and find out I'm a criminal if { don't register. Why should | it's none of
the government business.

355
482

Jee Thao

Jee Papeterie, LLC

P.O. Box 469

Paris, AR 72855

'm Jee Thao and have a small business that does stationery designs.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses,

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

t shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. it is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Smail businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example

of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Jee Thao

Jee Papeterie, LLC

356
483

Gabriel Miller
Hello, | am Gabriel Miller and my wife and | are in the business of breeding horses in Oregon.

1am kindly requesting you to overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”} rule passed by Congress which unfairly targets American small businesses and is
an all-out assault on my family's freedom within the American system of governance. The rule violates
my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence and nothing
less. The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report
personal, sensitive information and identification that could be used by hackers and fraudsters, placing
my business and that of millions of others at risk. | shouldn’t have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach. When we began this
business, | never would have expected our biggest threat to be our own government but that is now the
case.

Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the United States economy, without which the American
system will fail almost immediately. We provide vital goods and services, generate significant economic
activity, and create employment for ourselves and others. Yet, the US government always seems to
favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big corporations. It is a challenge to be a small business owner but also a privilege. We just
want to be left to be a vital and vibrant part of the US economy. | respectfully ask Congress to
immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and any further rules
that unfairly, unconstitutionally target American small business owners. Thank you.

Respectfully,

Gabriel Miller (Dark Horse Friesians)

357
484

Marla Turner-Lowers
Turner Transport

I'm Marla Turner-Lowers, and | have a small business that does airport shuttle transportation in West
Central MN.

lam asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership
information (CTA BO!) rule passed by Congress that unfairly targets American small businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The
CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk. | shouldn't have to choose between the protection of my
LLC and being a target of government overreach. The stated reason for the rule is to prevent financial
crimes such as those committed via money laundering and cartel activity. It is unlikely that any
individual who would engage in such unlawful acts would voluntarily give accurate information willingly
to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly care
about additional rules and laws. That means the only people reporting to FinCEN are law-abiding small
business owners, because big businesses are exempt from the reporting requirement. Not only is this
unfair to small businesses, but it also can turn us into criminals if we don't comply, even by accident.
Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the US economy. We provide vital goods and services,
generate significant economic activity, and create employment for ourselves and others. Yet the US
government always seems to favor big business is just another example of the US government tipping
the scales in favor of the big guys. It is a challenge to be a small business owner, but also a privilege. We
just want to be left to be a vital and vibrant part of the US economy. | respectfully ask Congress to
immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and any further rules
that unfairly and unconstitutionally target American small business owners. Thank you.

Marla Turner-Lowers
Turner Transport

358
485

Justy White
My name is Justy White and have a small business that provides destination beach wedding services.

lam asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like S-Corp and being a target of
government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

It is a challenge to be a small business owner but also a privilege. We want the government to return to
its vision statement of ""securing the Blessings of Liberty to ourselves and our Posterity."" Endless new
requirements to report to the government creates an unnecessary heavy burden on the backs of small

business owners.

The current administration continues to make decisions that are hurting small businesses. Adding
another unconstitutional, over-reaching demand onto a small business such as ours is creating
discouragement in regards to continuing to operate as a small business owner in this government
culture. The red tape of government bureaucracy is overwhelming.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners,

Thank you.

Justy White/ owner
Royal Beach Weddings

359
486

Richard Nymeyer

Focal Point Metal Fab
Focalpointmetalfab@sbcglobal.net
17354 Teunis Drive

Spring Lake, MI 49456

Vm Richard Nymeyer and have a small business that does metal fabrication.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BO!”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money faundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you. Richard Nymeyer / Focal Point Metal Fab

360
487

Jason Leiter
South Vegas Handyman LLC
www.SouthVegasHandyman.com

| own a small business that does handyman and repair work. My business is run completely and solely by
myself.

| work hard everyday to make enough money to support my family and pay my taxes. | never get vacations
and barely ever get a weekend off. | am being crushed into non-existence by over regulation and over
taxation; but | still wake up everyday to go to work and provide a good service to my clients. !am NOT a
criminal; | have never been arrested or sent to jail and | do not have a criminal record, But somehow, | am
being singled out along with other micro-businesses as if lam already guilty of fraud, money laundering, etc.

This is completely unconstitutional and against fairness, equality, and equity.

fam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership information
(“CTA BOt”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

{ shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach,

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would voluntarily
give accurate information willingly to FinCEN. If financial criminals are willing to break the laws at such a
level, they would hardly care about additional rules and laws. That means the only people reporting to
FinCEN are law-abiding small business owners, because big businesses are exempt from the rule reporting
requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and services,
generate significant economic activity, and create employment for ourselves and others. Yet, the US
government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

it is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Jason Leiter

South Vegas Handyman LLC

361
488

Brenda Hill

Piedmont Trim & Finish, LLC
116 Lowes Foods Dr., Ste 121
Lewisville, NC 27023

My name is Brenda Hill and | have a small construction company that does renovations for people in our
local community.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Brenda Hill, Owner
Piedmont Trim & Finish, LLC

362
489

Michael D. Amick
Amick Sound, Inc.
Rapid City, SD

I'm the President/General Manager and have a small business that does Low Voltage Contracting.

! am DEMANDING that you immediately overturn the Corporate Transparency Act’s Beneficial
Ownership Information (“CTA BOI”) rule TRAITOROUSLY passed by Congress over a Presidential VETO
that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on actual hard
evidence (Unlike the evidence they usually use).

The CTA BOI rule is not only unconstitutional, but creates privacy issues, DEMANDING us to report
personal, sensitive information and identification that could be used by hackers and fraudsters, placing
my business and that of millions of others at risk. | shouldn’t have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. What a JOKE! It is extremely unlikely that any individual who would
engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial
criminals are willing to break the laws at such a level, they would hardly care about additional rules and
laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. (Why is this? They have the financial
wherewithal to do this kind of crime.)

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a great challenge to
be a small business owner but also a privilege.

We just want to be left to be a vital and vibrant part of the US economy.
| DEMAND that Congress immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American smail business owners. Thank

you.

Michael D, Amick
Amick Sound, Inc.

363
490

Richard Schmidt

Cow Creek Endeavors,LLC
113 Ernst Rd

Boerne, TX 78006
830-534-4450

'm Richard Schmidt and have a small business that does Game Processing, Taxidermy and Retail.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”} rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

it is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Richard Anthony Schmidt
Cow Creek Endeavors,LLC

364
491

Alan Baker
'm Alan Baker and have a small business that does self storage rentals.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI") rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. i shouldn't have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small business
owners,

Thank you. Alan F Baker/AB Mini Storage’s LLC

365
492

Christine Jones

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI’) rule passed by Congress that unfairly targets American smail businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you. Christine Jones/Ataly Inc. Vice President

366
493

Doug Linder.

doug@drmoldsolutions.com;

3675 91st Ave N, Pinellas Park, FL 33782

I’m Doug Linder, and | have a small business that does Mold Assessments in central west Florida. | am
asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information
(“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The rule violates
my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence. The CTA BOI
rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. !t is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. if financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
smail business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small business
owners,

Thank you. Doug Linder, DR Mold Solutions

367
494

Jameson Kohn

1am asking, demanding that you overturn CTA. As a small business owner, we are struggling, adding
more garbage and punishment is absolutely ridiculous. Look at what you have done and are doing to our
country and economy. You've destroyed it, our budget is completely out of control. You are all traitors.
Get rid of CTA BO} rule.

Jameson Kohn

JK Forest Products
Thorne Bay, AK

368
495

Larry Anderson

Not Just Wood LLC
www.notjustwoodilc.com
notjustwoodlic@gmail.com

I’m Larry Anderson, a retired teacher, and a small business owner who does custom woodworking.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence,

The CTA BO} rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn't have to choose between the protection of a business entity like my LLC and being a target of
government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example

of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of our hometowns and the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Larry Anderson
Not Just Wood LLC

369
496

Joshua Fisher
My wife &! have a smail business that does rentals & home investments.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses such as
mine.

The rule violates our rights to privacy and to being presumed innocent until proven guilty. If FinCEN &
the government want to target criminals, there are legal procedures & tools in place, based on hard
evidence, that assists with this.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

i shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach,

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. | have never known of a person who would engage in such unlawful acts
voluntarily give accurate information willingly to FinCEN. If you are searching for examples maybe we
should look back in history at the mob. If financial criminals are willing to break the laws at such a level,
they would hardly care about additional rules and laws. That means the only people reporting to FinCEN
are law-abiding small business owners, because big businesses are exempt from the rule reporting
requirement,

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? The rule creates additional reporting on a company that already operates with little activity
at this time.

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys & running the small guys out.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Joshua Fisher, Southern End Investments LLC

370
497

Cortley Fisher
My husband & | have a small business that does auto repair.

1 am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BO!”} rule passed by Congress that unfairly targets American small businesses such as
mine.

The rule violates our rights to privacy and to being presumed innocent until proven guilty. If FinCEN &
the government want to target criminals, there are legal procedures & tools in place, based on hard
evidence, that assists with this.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

! shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. | have never known of a person who would engage in such unlawful acts
voluntarily give accurate information willingly to FinCEN. If you are searching for examples maybe we
should look back in history at the mob. if financial criminals are willing to break the laws at such a level,
they would hardly care about additional rules and laws. That means the only people reporting to FinCEN
are law-abiding small business owners, because big businesses are exempt from the rule reporting
requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys & running the small guys out.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Cortley Fisher, Gore Service & Repair LLC

371
498

Dr. Richard Casey
The Sequencing Center Inc.
thesequencingcenter.com

'm Dr. Richard Casey and have a small business that does human genome sequencing.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Dr. Richard Casey
The Sequencing Center

372
499

Debra Dean

'm Debra Dean and have a small business that does apartment rentals and does not take cash
transactions.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI") rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or §-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US.
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you.

Debra Dean

Ethny Properties, Inc.

d/b/a Country Hill Apartments

373
500

Tracy Richardson

\'m Tracy Richardson and have a small business that does education of cardiopulmonary resuscitation
and first aid, Mountain CPR, LLC.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence, The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and faws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you. Tracy Richardson dba Mountain CPR, LLC.

374
501

James tsenhour
Sab Sab Thai Kitchen Express
ike621@yahoo.com

’m James Isenhour and have a small business that is the dream of my wife that | met while serving in
the military. She left her home country of Thailand and immigrated to the United States. After { retired
from the military we started a smail business to sell Thai food.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn't have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

James Isenhour
Sab Sab Thai Kitchen Express

375
502

TinaMarie Donaldson/ Owner
donaldsontina99@gmail.com
Stillhouse Hollow Lake Marina/ LLC
4596 Simmons Rd, Belton, TX 76513
https://www.stillousehollowlake.com

I'm a small business owner of a Marina in Central Texas.

We are already struggling due to the lack of rain, water levels and extreme winds, let alone having more
requirements.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you.

TinaMarie Donaldson/ Stillhouse Hollow Lake Marina

376
503

Edward Wisniewski
I'm Edward Wisniewski and formed my software development company in January 2024.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOt rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

l respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you,

Edward Wisniewski
Cherry Island Software, LLC

377
504

Corey Shumard
RAD Studios
rad.studios.nm@gmail.com // https://www.radstudios.co/

’'m Corey Shumard and have a smail business that provides dance instruction to the youth in our
community.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI") rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent unti! proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. {t is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. if financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident, Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Corey Shumard

Owner
RAD Studios

378
505

Machelile Peterson

tam Machelle Peterson of Mountain Midwifery & Women's Health I’m a nurse Midwife and have a small
business that cares for women throughout their life span and infants to 4 weeks of age.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FINCEN. ff financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you,

Machelle Peterson CNM
Mountain Midwifery & Women's Health LLC

379
506

Colleen Heinze
To Whom in May Concern,

My name is Colleen Heinze, and | am seeking to build the first midwife owned birth center on Long
Island, NY.

We are haif way through the process and the red tape has been incredibly difficult to navigate and as
already cost me over a year of time, 10s of thousands of dollars out of pocket, and and incalculable
amount of money due to the delays in completing the work and being able to open our door. These new
laws are only going to make things worse for me than they already are.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOt”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

{ shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to smail businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Sincerely,
Colleen Heinze, MSN, CNM, WHNP
Gaia Midwives, PLLC (Owner, Clinical Director, Midwife}

380
507

Gerald Laliberte
iam an aspiring business owner wanting to start in a few months. The CTA BO! rule is intrusive,
unconstitutional and flat out none of your business. It’s just one more hurdle to overcome. If this is for

money laundering why are all the companies that have the means of laundering money exempt?

Sincerely Gerald Laliberte

381
508

Mary Goeldel

I'm Mary, and have a small business that does digital quilt patterns.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. it is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

Mary Goeldel
MittenMade in Michigan LLC

382
509

Tamara Dees
Open Minds, LLC

tamara@openmindshealingandrecovery.com
https://openmindshealingandrecovery.com/

'm Tamara Dees and have a small business that does outpatient mental health counseling.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses,

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example

of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American smail business owners.

Thank you.
Tamara Dees, Open Minds, LLC

383
510

Brody Reagan

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn't have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding smal! business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you,

BKR Welding LLC

384
511

Cheryl L. Large

Aspect Design, LLC
Medford, OR 97501
aslectdesigniic@yahoo.com

lam a semi-retired woman and have a small business that provides architectural design and drafting
services.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence,

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. | willingly field for a local business license, state ID number, and | pay
my taxes. | could have easily done business ""under the table" and not contributed to the state and
federal government.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Cheryl L. Large

Aspect Design, LLC
385
512

Benjamin Rayner

Raynershinel LLC
Raynershine2 LLC

\’'m Benjamin Rayner and | have a small business that is a residential rental property. i am asking you to
immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”)
rule passed by Congress that unfairly targets American small businesses. The rule violates my rights to
privacy and to being presumed innocent until proven guilty. If FinCEN wants to target criminals, they
should be using the tools of our US court system, based on hard evidence. The CTA BO! rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk,

\ shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. The stated reason for the rule is to prevent financial crimes, such as
those committed via money laundering and cartel activity. It is unlikely that any individual who would
engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial
criminals are willing to break the laws at such a level, they would hardly care about additional rules and
laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small
businesses, but it also can turn us into criminals if we don’t comply, even by accident.

Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others, Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys. It is a challenge to be a small business
owner but also a privilege. We just want to be left to be a vital and vibrant part of the US economy. |
respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Benjamin Rayner

Raynershinei LLC
Raynershine2 LLC

386
513

April 18, 2024

Jennifer Oliver O'Connell

As the Girl Turns Inc.
jenniferoo@asthegirlturns.com
asthegirlturns.com

tam an investigative journalist, writer, reinvention coach, and E-RYT 500 Yoga professional and | owna
small business that does all of the above as well as consulting, political analysis, and public speaking.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools already resident within the United States court
systems, based on hard evidence.

The CTA BO! rule is not only unconstitutional, it creates privacy issues. It is asking me to report my
personal, sensitive information and identification that could easily be used by hackers and fraudsters.
This places my business, and that of millions of others, at risk.

The choice of a business entity is to protect my family and maintain a shield between my personal and
my business affairs. | should not have to choose between those protections resident in an LLC or S-Corp
and being the target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the U.S. government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the U.S. economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.
Thank you.

Jennifer Oliver O'Connell

Writer. Reinvention Coach.
ERYT-500 Yoga Workshop Innovator
As the Girl Turns Inc.
asthegirlturns.com

387
514

John Pierce

I'm John Pierce and have a small business that offers independent mobile welding services. | am asking
you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA
BOI”) rule passed by Congress that unfairly targets American small businesses. The rule violates my
rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target criminals,
they should be using the tools of our US court system, based on hard evidence.

The CTA BO} rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk. | shouldn’t have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach. The stated reason for
the rule is to prevent financial crimes, such as those committed via money laundering and cartel activity.
It is unlikely that any individual who would engage in such unlawful acts would voluntarily give accurate
information willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they
would hardly care about additional rules and laws. That means the only people reporting to FinCEN are
law-abiding small business owners, because big businesses are exempt from the rule reporting
requirement,

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

All we are doing is providing for our families. It is difficult enough as it is given the state of the economy
and not to mention the amount of red tape that is required for small businesses to be law abiding. We
all have FEINs, general liability insurance, workers comp, contractors licenses, etc. and anything else
required by our local and state municipalities. Why stifle us more? Why make it more difficult for us to
simply provide for our families and those we employ?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the powers
given to FinCEN and revoke the CTA BO! rule and any further rules that unfairly, unconstitutionally

target American small business owners.

Thank you. John Daniel Pierce/Pierce’s Welding Solutions

388
515

Betty Sutherland

L, Betty Sutherland, own a very small business with 2 partners, | used to be an LLC, but due to this
VIOLATION of my privacy and the requirement for me to report to the Gov every time | move, Changed
my business to a General partnership so | do not have to report to my state or my Federal Gov.

This is no different than what the Jews had to do in Nazi Germany when they had to show papers if
anyone asked for them. This is a total violation of my Freedoms and the Constitution.

Lam not a CRIMANAL. | will NOT REPORT EVERY DETAIL ABOUT MYSELF TO THE FINANCIAL CRIMES
NETWORK.

| have a very small business that employs 3 people and we have NO DEBT. I have an 832 Credit score. |
just barley make enough to support myself and my 2 partners.

We DONT EVEN HAVE ENOUGH MONEY TO LAUNDER!!!

But the BIG GUYS on the block get exempt from this new law because you KNOW that the BIG GUY and
his son are already laundering money.

It is pretty dang obvious that all the money you are printing and sending to Ukraine is being laundered,
and | can only imagine how many politicians are filling their pockets. But they don't have to report to
FINCEN!!

1 will not comply with this Insanely unfair law. The Laws of this country are supposed to be equal justice
for ALL! But you people in Washington don't follow them at all. And your just making it harder and
harder for all of us to make a modest living in America any more. And | just lost all my protection that
an LLC offered against anyone who wants to sue me because | had to switch to a General Partnership.
This is Treason to our country. Your not here to protect America anymore. You took an Oath to protect
this country, and you violate that oath every day. This is a horrific law for the small businesses of
America. And you know it.

1 am asking you to immediately overturn the Corporate Transparency Act's BOI rule passed by Congress
that unfairly targets American small businesses. It violates my rights to privacy and being presumed
innocent until proven guilty. {f FinCen wants to target criminals, they should begin with tools of ourUS
court system, based on hard evidence and probably cause, Your placing my sensitive information at risk
of being used by hackers and fraudsters, placing my business and millions of others at risk.

| should not have to choose between the protection of a business entity like LLC or S Corp and being a
target of Government overreach.

Betty Sutherland
Sutherland Diesel Performance

389
516

Kevin Barkley
Outdoor Extreme Clean

Let us be apart of Making America Great Again by putting people to work, we need to stop the attack on
small business keep your hands out of our pockets.

390
517

Thomas Bennett
Tom's Extreme Pizzeria LLC

Dear Sir or Madam,
lam Thomas Bennett, owner of a restaurant, serving food.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI’) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example

of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

391
518

JOE HAACK

PIONEER LANES LLC

PO BOX 432

PLATTEVILLE WISCONSIN 53818
608 349 6631
PIONEERBOWLING.COM

I’m Joe Haack and have a small business that is a family entertainmentcenter aka Bowling Center.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
smail business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

Joe Haack

PIONEER LANES LLC
Platteville WI

608 558 9785

392
519

Cynthia Fuller

Fuller Oi! Co. inc.

fulleroil@sbcglobal.net

I'm asking you to immediately overturn the Corporate Transparency Act"’s Beneficial Ownership
information rule passed by Congress that unfairly targets American small business.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US Court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional but creates privacy issues. asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn't have to chose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

My husband and | own a small business that supply fuel to the farms and schools in our area. we also
have a convenience store

and only have 3 employees, we are asking and pleading. Please this CTABO!I rule only targets the small
business people who will be doing everything not to break the law and the ones they are claiming to be
after won't report anyway. They are not afraid of breaking rules and laws. Once again this is another
target to shut down small business people giving the big guys all the variance because they don't have to
do this we cannot afford to hire some one just to keep up with all the paperwork and reporting. Many
of these businesses that are paying the illegals cash are not going to report them. so why penalize those
of us who are doing right.

It is a challenge to be a small business owner but also a Great Privilege. We just want to be left to be a
vital part of the U.S. Economy.

| respectfully ask Congress to Immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, Unconstitutionally, target American small business owners.

Thank you

Cynthia Fuller
Fuller Oil Co. Inc

393
520

James Arthur

'm James Arthur and have a small business that does Wastewater Treatment. f am asking you to
immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”)
rule passed by Congress that unfairly targets American small businesses. The rule violates my rights to
privacy and to being presumed innocent until proven guilty. if FinCEN wants to target criminals, they
should be using the tools of our US court system, based on hard evidence. The CTA BO! rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-
Corp and being a target of government overreach. The stated reason for the rule is to prevent financial
crimes, such as those committed via money laundering and cartel activity. It is unlikely that any
individual who would engage in such unlawful acts would voluntarily give accurate information willingly
to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly care
about additional rules and laws. That means the only people reporting to FinCEN are law-abiding smail
business owners, because big businesses are exempt from the rule reporting requirement. Not only is
this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by accident.
Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys. It is a challenge to be a small business
owner but also a privilege. We just want to be left to be a vital and vibrant part of the US economy. |
respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners. Thank
you.

James Arthur
Blue Tail Services

394
521

DAVID DENNEN
PRESIDENT

WIRED EQUIPMENT INC.
DECATUR TEXAS, USA

’'m 56 and have a small business that rents out hydraulic equipment.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA B01”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
DAVID ALLEN DENNEN

PRESIDENT
WIRED EQUIPMENT INC.

395
522

Jumana Gammoh
Lakewood 76 Auto Repair Inc

We are struggling to make ends meet. We are drowning in debt and everyday seems like the last day we
are going to stay in business. The high taxes, fees, licensing and permits on top of insurance, payroll and
payroll taxes and other expenses seem to be there for one reason only and that is to prevent people
from making money and to all become slave to the government.

396
523

Alan Burkhart
'm Alan Burkhart and have a small business that does Asset Management.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI") rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you. Alan D. Burkhart, Manager, Samarium Holdings, LLC

397
524

Shawn and Rebecca McKee
Intelligent Concepts, LLC
becky@shawnmckee.com
www.itcharleston.com

We are Shawn and Rebecca McKee and have a small business that provides information technology
services. We are asking you to immediately overturn the Corporate Transparency Act’s Beneficial
Ownership Information (“CTA BOI”) rule passed by Congress that unfairly targets American small
businesses. This rule violates our rights to privacy and to being presumed innocent until proven guilty. if
FinCEN wants to target criminals, they should be using the tools of our US court system, based on hard
evidence. The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report
personal, sensitive information and identification that could be used by hackers and fraudsters, placing
our business and that of millions of others at risk.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is highly unlikely that any individual who would engage in such unlawful
acts would voluntarily and willingly give accurate information to FinCEN. Criminals routinely break laws,
that's what makes them criminals. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement.
Therefore, this overreaching mandate only punishes the law-abiding small business owners.

People who have never owned a business are unable to understand the ongoing challenges that small
businesses continually face. Small business is the backbone of capitalism in our country. Our
government should be working to make it easier for small business owners to succeed, not more
difficult. We respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BO! rule and, furthermore, any future rules that unfairly and unconstitutionally target American
small business owners. Congress is elected to be by and for the people. Please never forget that.

Thank you,

Shawn and Rebecca McKee
Intelligent Concepts, LLC

398
525

Pete Deschaine
I'm Pete Deschaine and have a small business that does class 8 Trucking.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty.This shortcut tactic
of broadcasting regulation over an entire segment of industry to then look for criminal activity within
the base, instead of doing proper investigation from traditional and constitutional police work, is
becoming more prevalent in government.if FinCEN wants to target criminals, they should be using the
tools of our US court system, based on hard evidence. The CTA BO! rule is not only unconstitutional, but
creates privacy issues, asking us to report personal, sensitive information and identification that could
be used by hackers and fraudsters, placing my business and that of millions of others at risk. | shouldn't
have to choose between the protection of a business entity like an LLC or S-Corp and being a target of
government overreach. The stated reason for the rule is to prevent financial crimes, such as those
committed via money laundering and cartel activity. It is unlikely that any individual who would engage
in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial
criminals are willing to break the laws at such a level, they would hardly care about additional rules and
laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small
businesses, but it also can turn us into criminals if we don’t comply, even by accident. Why should law-
abiding small business owners be threatened with jail time and financial penalties? Small businesses
make up the backbone of the United States economy. We provide vital goods and services, generate
significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BOI rule is just another example of the government
tipping the scale in favor of the big guys. It is a challenge to be a small business owner but also a
privilege. We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule and any
further rules that unfairly, unconstitutionally target American small business owners. Thank you.

Pete Deschaine/Pete Deschaine Trucking LLC

399
526

Thayne Wheeler

I’m Thayne Wheeler and have a small business that designs graphics for apparel.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smail businesses. The rule
violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminats, they should be using the tools of our US court system, based on hard evidence. The CTA BO! rule
is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive information
and identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding smail business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Thayne Wheeler, Canal Zone®

400
527

Jeri Whiteside

Hello, | am Jeri Whiteside, a small business owner for 39 years in Loveland, Colorado. My husband and |
have a retail boot and clothing store that provides work clothing and boots to farmers, construction workers
and factory workers in the area. We have been in business for 39 years and currently our two daughters are
also involved in running the business. We have 11 employees not including ourselves.

| am asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership
Information rule passed by Congress that unfairly targets American small businesses. The rule violates my
rights to privacy and to be presumed innocent until proven guilty. I believe this is government overreach.
Only law abiding small business owners will be reporting. This is an additional amount of paperwork that we
are forced to submit or we are threatened with large fines and jail time.

| respectfully ask that rule be overturned due to it being unfair and unconstitutionally targeting small
business owners rights.

Thank-you,
Jeri Whiteside Vanderbilt's No 7 Inc, dba Whitesides Boots

401
528

Mark Whittemore

Texas Mushroom Company
Bandera, Texas
mark@txmushroom.com

I'm Mark Whittemore and have a small business that does commercial mushroom farming. | am asking you
to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”)
rule passed by Congress that unfairly targets American small businesses. The rule violates my rights to
privacy and to being presumed innocent until proven guilty. if FinCEN wants to target criminals, they should
be using the tools of our US court system, based on hard evidence. The CTA BO! rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp
and being a target of government overreach. The stated reason for the rule is to prevent financial crimes,
such as those committed via money laundering and cartel activity. It is unlikely that any individual who
would engage in such unlawful acts would voluntarily give accurate information willingly to FInCEN. If
financial criminals are willing to break the laws at such a level, they would hardly care about additional rules
and laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small businesses,
but it also can turn us into criminals if we don’t comply, even by accident. Why should law-abiding small
business owners be threatened with jail time and financial penalties? Small businesses make up the
backbone of the United States economy. We provide vital goods and services, generate significant
economic activity, and create employment for ourselves and others. Yet, the US government always seems
to favor big businesses, and the CTA BO! rule is just another example of the government tipping the scale in
favor of the big guys. It is a challenge to be a small business owner but also a privilege. We just want to be
left to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately overturn the
powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly, unconstitutionally
target American small business owners. Thank you.

Mark Whittemore

TEXAS MUSHROOM COMPANY

402
529

Susan Wilde

All Points Travel
215 E 4th Avenue
Milbank SD 57252

I’m Susan Wilde and have a small business that does retail travel sales.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BO!”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. The stated reason for the rule is to prevent financial crimes, such as those
committed via money laundering and cartel activity. It is unlikely that any individual who would engage in
such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial criminals are
willing to break the laws at such a level, they would hardly care about additional rules and laws. That means
the only people reporting to FinCEN are law-abiding small business owners, because big businesses are
exempt from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penatties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the

US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FINCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.
Thank you.

Susan Wilde
All Points Travel

403
530

Gene Escoe

Escoe Services LLC (now closed)

| wanted to share my small business owner. | had a mowing business. | closed last May after Biden
flooded the market with illegal mowing crews. It drove prices too low to make a profit if you are a US
citizen who pays their taxes and have the required insurance.

| am still being required to fill out these forms for the government. | sent in a comment that the business
was closed. They responded by saying | still had to continue to respond to their forms and complete them
or be arrested. Btw, many of the questions on the forms are way too intrusive.

Gene Escoe

404
531

Francis Wilkins
Wilkins Signs, LLC

My business is literally a Mom and Pop shop. The two employees are myself and my wife of 41 years. We
abide by all tocal, state, and federal laws, and don't need any more red tape or jail threats for my
unintentional failure to comply with your invasion of my privacy.

Please overturn overturn the Corporate Transparency Act’s Beneficial Ownership Information rute.

Respectfully,

Francis Wilkins

405
532

Ben Williams
BRW Enterprises

{currently am a very small start up, retail sales of sporting goods, LLC. If this goes into effect | will be
dissolving my LLC and will no longer be selling to my customer base. I'm not understanding why the many
many many ridiculous regulations that are demanded of small business owners who are trying to make a
living and are regulated out of business. INSANE!!!

406
533

Carmin Williams

Carmin Wharton international LLC

Website: www.carminwharton.com

Address: 650 Ponce De Leon Ave, NE, Atlanta, GA 30309

I'm Carmin Williams and have a small business that offers business and life coaching to women 50 plus.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

tshouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are taw-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BO! rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Carmin Williams/Carmin Wharton International LLC

407
534

Daniel Wise
Daniel Wise LLC

We need less Small Biz restrictions and requirements, not more. Get out of our way.

408
535

Rick Wrightson

I'm Rick Wrightson and nave a small business that does software development. We have been in business
since 1998. Our customers include Kodak, Apple, Fuji Film, Philips Medical who license our !P for use in
their products, as well as individuals who buy our stand-alone product online.

fam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and beinga
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity. It is unlikely that any individual who would engage in such unlawful acts would
voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break the laws
at such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN are law-abiding small business owners, because big businesses are exempt from the
rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet, the
US government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

Itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Rick Wrightson, CEO

Gear Software, Inc

409
536

Roy H. Wubker, Jr.

The undersigned owns and has continuously operated a small business Defense Contracting firm since its
founding in 1989. | am asking you to immediately overturn the Corporate Transparency Act’s Beneficial
Ownership Information (“CTA BOI”) rule passed by Congress that unfairly targets American small
businesses. The rule violates my rights to privacy and to being presumed innocent until proven guilty. If
FinCEN wants to target criminals, they should be using the tools of our US court system, based on hard
evidence. The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report
personal, sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk. | shouldn't have to choose between the protection of a
business entity like an LLC or S-Corp and being a target of government overreach. The stated reason for the
rule is to prevent financial crimes, such as those committed via money laundering and cartel activity.
Based on my company’s business activities and monitoring already in place on a national security level,
there is a very real duplication of effort here penalizing businesses like mine that is a total waste of taxpayer
dollars. Once again, this is a case of the right hand not knowing what the left hand is doing in the federal
government that my small business should not have to pay for in time spent complying. itis unlikely that any
individual who would engage in such unlawful acts would voluntarily give accurate information willingly to
FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly care about
additional rules and laws. That means the only people reporting to FinCEN are law-abiding small business
owners, because big businesses are exempt from the rule reporting requirement. Not only is this unfair to
small businesses, but it also can turn us into criminats if we don’t comply, even by accident. Why should
law-abiding smalt business owners be threatened with jail time and financial penalties? Small businesses
make up the backbone of the United States economy. We provide vital goods and services, generate
significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BO! rule is just another example of the government
tipping the scale in favor of the big guys. Itis a challenge to be a small business owner but also a privilege.
We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask Congress to
immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and any further rules that
unfairly, unconstitutionally target American small business owners. Thank you.

SYSTEMS RESEARCH AND DEVELOPMENT CORPORATION

Roy H. Wubker, Jr.

President, Chief Executive Officer

410
537

Anthony Rufo

\'m Tony Rufo and have a small business that does construction & development. | am asking you to
immediately overturn the Corporate Transparency Act’s Beneficial Ownership information (“CTA BQ!”}
rule passed by Congress that unfairly targets American small businesses. The rule violates my rights to
privacy and to being presumed innocent until proven guilty. If FinCEN wants to target criminals, they
should be using the tools of our US court system, based on hard evidence. The CTA BOI rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn't have to choose between the protection of a business entity like an LLC or S-
Corp and being a target of government overreach. The stated reason for the rule is to prevent financial
crimes, such as those committed via money laundering and cartel activity. It is unlikely that any
individual who would engage in such unlawful acts would voluntarily give accurate information willingly
to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly care
about additional rules and laws. That means the only people reporting to FinCEN are law-abiding small
business owners, because big businesses are exempt from the rule reporting requirement. Not only is
this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by accident.
Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys. It is a challenge to be a small business
owner but also a privilege. We just want to be left to be a vital and vibrant part of the US economy. I
respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you. Anthony M. Rufo AMR Construction, Inc

411
538

Dwight Kopp
Forgotten Mountain, LLC

Forgottenmountain.com / https://forgottenmountainilc.etsy.com
Vm Dwight Kopp and own a small business that does precision wood manufacturing.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example

of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Dwight Kopp, Owner
Forgotten Mountain, LLC

412
539

Shelly Wall

lam the sole member of a small CPA Firm in TX. | work with small business owners in several industries
within Texas. Every single day, | assist owners in traversing the restrictions, regulations, filing
requirements, and other burdens of organizing, recordkeeping, operating, reporting, and closing down
smalt businesses.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule is not only unconstitutional and risks mine and my clients’ privacy but is also a burden to law
abiding small businesses while not doing anything to protect against the crimes it is supposedly trying to
identify and prevent.

As a CPA, | was originally informed — for fear of performing the unlicensed practice of law — that | was
not permitted to assist my clients with this new rule. Most CPAs know their small business clients just as
well as the owners do. They're an integral part of the business ~ that’s our profession’s role as trusted
advisors. Even though this restriction has KIND OF been reduced, this new rule is still open-ended and
subjective enough to have professional liability insurance companies fearful of covering our
advisements. This rule is anything but a “simple necessity” to allow the rooting out of criminals. How is
this not a burden to law-abiding small business?

In addition to this burden on small business owners, this rule violates our right of being presumed
innocent until proven guilty. If FinCEN wants to target criminals, they should be using the tools of our
US court system, based on hard evidence. At the absolute least, why is the Federal Government not
working with the States when there’s evidence of wrongdoing? After all, we are state-created entities
who register with our Secretaries of State and follow their reporting rules.

The stated reason for this rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement. This exemption alone (exemption of big business) is baffling to me
since big business is still at the same risk of having/committing financial crimes.

Why are those who follow the rules being targeted with yet another burden when they've done nothing
but follow the rules from the beginning? You will have law-abiding citizens registering in the database;
however, those who are being targeted as the cause of this legislation will remain uncompliant. How
does this help FinCEN or the United States?

This rule has the potential to turn us (small business owners) into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

\ feel the CTA BO! rule is not only unduly burdensome and unconstitutional, but also creates privacy
issues. Asking us to report personal, sensitive information and identification that could be used by
hackers and fraudsters places my business and that of millions of others at risk. As a former
Government Civilian Air Force Auditor, | am well aware of the risk of Federal Database breaches ~ and it
truly scares me to put my information out there for yet another compromise. Up until now, the

413
540

information being requested has been split into different databases — now, hackers will only need to
breach THIS database to get the information at one time.

l shouldn’t have to choose (or advise my clients on choosing) between the protections of an LLC or S-
Corp and being a target of government overreach. These legal entities are there to provide legal
protections for small business owners — they are not there to make a small business owner a presumed
criminal or subject to less restrictive privacy.

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
Congress seems to favor big businesses — the CTA BOI rule is just another example of tipping the scales
in favor of the big guys.

It is a challenge to be a small business owner, but it is also a privilege. We follow the rules as best we
can and have integrity as we move through our day. We just want to be left to be a vital and vibrant
part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Shelly Wall, CPA, CGMA
Shelly Wall CPA PLLC
Shelly@Wall.CPA

414
541

Jennifer Hawes

I'm Jennifer Hawes and have a small business that is a medical spa, where | am the single patient
provider for reconstructive scar procedures, weight loss And health programs, as well as minimally
invasive (non-surgical) procedures.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or $-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you. jennifer hawes/oasis Medaesthetics

415
542

Tom Benkovich
i'm Tom Benkovich and have a smail business that does management of financial planning office.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and Jaws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American smail business owners.

Thank you.

Tom Benkovich/Thomas F Benkovich LLC

416
543

William Heim

I'm William Heim and have a small business that does locksmithing.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

it is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

We already have a ton of paperwork and filing that needs to be done at all levels, adding this
requirement just adds more to keep track of, and is a duplication of information provided to many

agencies to conduct business.

l respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

William Heim
E Z Lock & Key

4l7
544

Kimberly Havens

Big deals for me LLC,

6848 Heather

Moor Trail, Hillsboro, Ohio 45133,

rockyforklakeboatrental.com, rockyforklakeboatrental@gmail.com

Vm Kim Havens and have a small business that does Boat rental and resell.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or $-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you.
Kimberly Havens/Big Deals for Me LLC

418
545

Angie Tew

lam Angie Tew writing on behalf of my mother who is 95. She and my dad worked so hard all of their
lives. My dad was a WWII veteran who passed away 2 years ago at the age of 95 and he was still
working!!] They own several commercial buildings. | do not believe that the government has any right
to do what they are trying to do with the CTA BO! rule. | am writing in hopes of protecting what is
rightfully hers in her retirement years.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses, The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. if financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others, Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners, Thank you.

Angie Tew

in behalf of Joan K. Tew
Tew Members 1 LLC

419
546

Craig Hooper

\'m Criag Hooper and | have a small business that holds farm land. | am asking you to immediately
overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”) rule passed by
Congress that unfairly targets American small businesses. The rule violates my rights to privacy and to
being presumed innocent until proven guilty. If FinCEN wants to target criminals, they should be using
the tools of our US court system, based on hard evidence. The CTA BO! rule is not only unconstitutional,
but creates privacy issues, asking us to report personal, sensitive information and identification that
could be used by hackers and fraudsters, placing my business and that of millions of others at risk. |
shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. The stated reason for the rule is to prevent financial crimes, such as
those committed via money laundering and cartel activity. It is unlikely that any individual who would
engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial
criminals are willing to break the laws at such a level, they would hardly care about additional rules and
laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small
businesses, but it also can turn us into criminals if we don’t comply, even by accident. Why should law-
abiding small business owners be threatened with jail time and financial penalties? Small businesses
make up the backbone of the United States economy. We provide vital goods and services, generate
significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BO! rule is just another example of the government
tipping the scale in favor of the big guys. It is a challenge to be a small business owner but also a
privilege, We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO} rule and any
further rules that unfairly, unconstitutionally target American small business owners. Thank you.

420
547

Greg Moll

I'm Greg Moll and have a small business that does Handy Man Services. | am asking you to immediately
overturn the Corporate Transparency Act’s Beneficial Ownership information (“CTA BOI”) rule passed by
Congress that unfairly targets American small businesses. The rule violates my rights to privacy and to
being presumed innocent until proven guilty. If FinCEN wants to target criminals, they should be using
the tools of our US court system, based on hard evidence. The CTA BO! rule is not only unconstitutional,
but creates privacy issues, asking us to report personal, sensitive information and identification that
could be used by hackers and fraudsters, placing my business and that of millions of others at risk. |
shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. The stated reason for the rule is to prevent financial crimes, such as
those committed via money laundering and cartel activity. It is unlikely that any individual who would
engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial
criminals are willing to break the laws at such a level, they would hardly care about additional rules and
laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small
businesses, but it also can turn us into criminals if we don’t comply, even by accident. Why should law-
abiding small business owners be threatened with jail time and financial penalties? Small businesses
make up the backbone of the United States economy. We provide vital goods and services, generate
significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BO! rule is just another example of the government
tipping the scale in favor of the big guys. It is a challenge to be a small business owner but also a
privilege, We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and any
further rules that unfairly, unconstitutionally target American small business owners.

Thank you. Greg Moll owner of Save Our Seniors, a handy man service,
gregrmoll@gmail.com

421
548

Javier Jasminoy

April 19, 2024

To the members of Congress:

My name is Javier Jasminoy and | own a small insurance agency.

(am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information
(“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my business
and that of millions of others at risk.

I shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering
and cartel activity, It is unlikely that any individual who would engage in such unlawful acts would voluntarily
give accurate information willingly to FinCEN. If financial criminals are willing to break the laws at such a
level, they would hardly care about additional rules and laws. That means the only people reporting to
FinCEN are law-abiding small business owners, because big businesses are exempt from the rule reporting
requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and services,
generate significant economic activity, and create employment for ourselves and others. Yet, the US
government always seems to favor big businesses, and the CTA BOI rule is just another example of the
government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and
vibrant part of the US economy.

t respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule
and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you..
Sincerely,
Javier Jasminoy

Principal
Valor Insurance Agency, LLC

422
549

Michelle Sullivan
Dear Sir or Madam,

My name is Michelle Sullivan and have a small professional consulting business providing expertise in
medical products, assisting larger companies that require specific expertise and/or temporary support to
ensure their ability to provide safe, effective, and high quality products to improve and save the lives.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
smail business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

Michelle Sullivan
SMD Consulting, LLC

423
550

Mr. Adrian Halterlein, RLA

Halterlein Design and Consulting, LLC
Adrian@HDC-DesignLLC.com
www.HDC-DesignLLC.com

i'm Adrian Halterlein and have a small business that does civil site design and consulting for residential
and commercial properties in southwestern Pennsylvania.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. if financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you,

Mr. Adrian Halterlein, RLA
Halterlein Design and Consulting, LLC

424
551

Jon Nelson
I'm Jon Nelson and have a small business that does Software Engineering for other Small Businesses.

1am asking you to immediately overturn the Corporate Transparency Act's Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don't comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Jonathan Nelson
Symbiotic Labs

425
552

Todd Cooper
I'm Todd Cooper and have a small business that does ElectricalWork.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn't have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident, Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

Terry Todd Cooper----YHWH Electric Service Inc.

426
553

W. Peter Schubert

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Qwnership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence. This violates the 4th amendment of our constitution.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my

business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

427
554

David Moore

Moore & More Plumbing, LLC.
PO Box 1117

Dripping Springs, TX 78620

I'm David Moore and have a smail business that offers residential plumbing repairs.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners, OUR
PLATES ARE FULL! It seems that everything Congress and local governments do is targeted toward those
of us who keep America moving and comply with existing laws.

Thank you.

David Moore
Moore & More Plumbing, LLC
555

Louis Cares

Sheldon Company, inc

3000 Breton Rd SE

Kentwood, MI. 49512
louie@sheldondrycleaners.com

I'm Louis Cares, and have a small business that does dry cleaning and shirt laundry.

J am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. tf FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

I shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example

of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Louis Cares/Sheldon Company, Inc

429
556

Jason Leach
RCD Engineering incorporated

I'm 41 and have taken over a small family business that manufactures aftermarket race car parts utilizing
domestic materials and outsourced labor.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to smal! businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital

and vibrant part of the US economy. My main concern each and everyday is being able to provide a

good living for my employees and myself, in that order. Each extra regulation or tax the government
lays down makes it harder and harder for me to do so.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Jason Nicholas Leach
Owner/President RCD Engineering incorporated

430
557

Richard Gilson
Rich Gilson Consulting

I'm Richard Gilson and have a smail business that does consulting and services in the computer and
various other industries.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI") rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn't have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to smal! businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Richard Gilson
Rich Gilson Consulting

431
558

Alaina Hathaway

My name is Alaina Hathaway, and my partners and | have a small business that does general contracting,
excavation, septic tank installs, land clearing, along with other construction-minded business.

lam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO} rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. it is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. How come business owners were not personally contacted by the federal government
concerning this new requirement? We were notified as a courtesy by our state Secretary of State that
this was a new requirement, and my immediate thought was that we were being Punked. Why should
law-abiding small business owners be threatened with jail time and financial penalties? Small businesses
make up the backbone of the United States economy. We provide vital goods and services, generate
significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BO! rule is just another example of the government
tipping the scale in favor of the big guys. It is a challenge to be a small business owner but also a
privilege, We just want to be left to be a vital and vibrant part of the US economy. | respectfully ask
Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO! rule and any
further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Alaina Hathaway, Owner/Business Manager; No Boundaries Services LLC

432
559

Randolph Keefer

Energy Products & Technologies, Inc
433 Peach Orchard Road
McConnellsburg, Pa 17233

To: US Congress
I'm Randolph Keefer and have a small business that is a small machine shop

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BO! rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn't have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN, If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others, Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege, We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners. Thank you.

Sincerely,

Randolph Keefer
Energy Products & Technologies, Inc.

433
560

Gary George
Gary Stevens Plumbing

Since 2020 my yearly income has dropped about 50% while expenditures materials, utilities, insurance,
etc. have increased in the last 3.5 years endlessly.

Inflation has not helped the American public at all!

The loss of customers due to the increase in pricing for items and labor will inevitably drive away all
customers because they can no longer afford my services.

Now all | can afford is groceries and fuel, now living week to week barely making enough to cover my
current mortgage and monthly bills!

What Numbskull in Government believes the American people have the ability to fund more senseless
regulation by another bureaucratic body of US Treasury!

Taxation is how you folks pay for your pet projects!

How do you expect to keep paying this current government over spending if you exact more regulation
on the very people who pay the bills?

1 most likely will have to close my business in the near future. | can’t keep raising prices if there are no
more customers to service.

Thanks to Carol Roth for allowing us, the American Small Business Owners a forum to be heard ina
meaningful way.

434
561

Jennifer Miller

Creative Animation Studios, LLC
Creativeanimation.com

11011 S. Brush Creek Road
Perkins, OK 74059
918-258-5665

'm Jennifer Miller and have a small business that does Architectural 3D Virtual Tours, among other
things.

!am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairiy targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. {f FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach,

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Smail businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

{ respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.
Jennifer Miller, Owner

Creative Animation Studios, LLC
435
562

Jacob Skelton

Grace Property Management SD, LLC
P.O. Box 576

Vermillion, SD, 57069

P: 605-624-2904

E: jacobnskelton@gmail.com

(’m Jacob Skelton and have a small business that does property management.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example

of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

l respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Jacob Skelton / Grace Property Management SD, LLC
563

Mark Cunningham

Cunningham's Automotive Repair
mark@cunninghamsautomotive.com
610-847-6006
www.cunninghamsautomotive.com

I'm Mark Cunningham and have a small business that does automotive repair. | am asking you to
immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”)
rule passed by Congress that unfairly targets American small businesses. The rule violates my rights to
privacy and to being presumed innocent until proven guilty. if FinCEN wants to target criminals, they
should be using the tools of our US court system, based on hard evidence. The CTA BO! rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-
Corp and being a target of government overreach. The stated reason for the rule is to prevent financial
crimes, such as those committed via money laundering and cartel activity. It is unlikely that any
individual who would engage in such unlawful acts would voluntarily give accurate information willingly
to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly care
about additional rules and laws. That means the only people reporting to FinCEN are law-abiding small
business owners, because big businesses are exempt from the rule reporting requirement. Not only is
this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by accident.
Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys. It is a challenge to be a small business
owner but also a privilege. We just want to be left to be a vital and vibrant part of the US economy. |
respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American small business owners. Thank
you.

Mark Cunningham
Cunningham's Automotive Repair

437
564

Jeffrey Wellek

My name is Jeffrey Wellek and have a many small businesses and other investment related limited
liabitity companies,

The largest of my true operating companies does approximately $3 million in revenue and has
approximately 15 employees.

| have 5 other entities of which 5 are strictly investment entities with a maximum of 5 owners.

fam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BO!”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOt rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach. The stated reason for the rule is to prevent financial crimes, such as
those committed via money laundering and cartel activity. it is unlikely that any individual who would
engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial
criminals are willing to break the laws at such a level, they would hardly care about additional rules and
laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others, Yet, the US government always seems to favor big businesses, and the CTA BOI! rule is just
another example of the government tipping the scale in favor of the big guys. it is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

In addition to the above, the fact that | have chosen to use a corporate like structure for joint
investments should not subject me to these filing requirements.

Thank you.

Jeffrey A. Wellek

NJB Advisors, LLC;

NJB Investments, LLC;

Highland Park Bicycle Store, LLC;
2G Cyclery, LL; DNJ, LLC;

Four Guys Capital, LLC

438
565

Phil Gallup,

PKG Properties LLC,

Property Management,
hilgallup@aol.com

2906 lake ave.,

Fort Wayne, IN 46805

I'm Phil Gallup and f have a small business that does rental property management. | am asking you to
immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA BOI”)
rule passed by Congress that unfairly targets American small businesses. The rule violates my rights to
privacy and to being presumed innocent until proven guilty. If FinCEN wants to target criminals, they
should be using the tools of our US court system, based on hard evidence. The CTA BO! rule is not only
unconstitutional, but creates privacy issues, asking us to report personal, sensitive information and
identification that could be used by hackers and fraudsters, placing my business and that of millions of
others at risk. | shouldn’t have to choose between the protection of a business entity like an LLC or S-
Corp and being a target of government overreach. The stated reason for the rule is to prevent financial
crimes, such as those committed via money laundering and cartel activity. It is unlikely that any
individual who would engage in such unlawful acts would voluntarily give accurate information willingly
to FinCEN. {f financial criminals are willing to break the laws at such a level, they would hardly care
about additional rules and laws. That means the only people reporting to FinCEN are law-abiding small
business owners, because big businesses are exempt from the rule reporting requirement. Not only is
this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by accident.
Why should law-abiding small business owners be threatened with jail time and financial penalties?
Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys. It is a challenge to be a small business
owner but also a privilege. We just want to be left to be a vital and vibrant part of the US economy. |
respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you. Phillip C. Gallup, PKG Properties LLC.

439
566

Marianne Schweers

I'm Marianne Schweers and have a vertically integrated agribusiness. We grow, harvest, process,
package and market pistachio nuts. I'm asking you to overturn the Corporate Transparency Act's
Beneficial Ownership Information rule passed by Congress in 2021 that unfairly targets American small
businesses. The rule violates my rights to privacy and to being presumed innocent until proven guilty.
FinCEN already has the tools of the US court system to target criminals.

The CTA BOI rule is unconstitutional. It provides personal information that can be hacked and places my
business at risk. This is a pure example of government overreach!

The stated reason for the rule is to prevent financial crimes, such as money laundering and cartel
activity. Do you honestly think that the criminals are going to provide you with accurate information?
That means the only people reporting accurately to FinCen are law-abiding small business owners,
because big businesses are exempt from the rule!

Small businesses are the backbone of this country. And you are threatening us with jail time and
financial penalties if we don't comply to your rules.

| respectfully ask you to overturn the powers given to FinCEN and revoke the CTA BOI rules that are
unconstitutional!

Marianne Schweers

Heart of the Desert Pistachios & Wines
7288 Hwy 54 70

Alamogordo, NM 88310

440
567

Raymond Miller
RESCO Electrical Service LLC

!am an electrician and | own my own business.

This new rule makes no sense to me especially because my wife also owns her own business, which is an
accounting firm and she is exempt from this rule. How is that possible?

Of all companies that would be able to launder money, | would think an accounting firm would be
scrutinized over an electrician.

Not that {| want my wife to have to comply, | don't, and I'm glad she doesn't have too.

Accountants are many times involved in not just bookkeeping, but also payroll and tax filings. Many
Accountants don't even do the books, but many do, some do taxes, some don't.

My point is Accountants have a special ability to look at someone's books and create a story, they also
can help facilitate the things that our government wants to go after. So how are accounting firms
exempt?

Either way, | honestly don't care if this is overturned or not. BECAUSE | WILL NOT UNDER ANY
CIRCUMSTANCES COMPLY WITH THIS, EVER! THE GOVERNMENT WILL HAVE TO KILL ME, | WILL NOT PAY
FINES AND | WILL NOT GO TO PRISON. THEY WILL HAVE TO KILL ME. GIVE ME LIBERTY OR GIVE ME
DEATH.

441
568

Lorne Rosand
i'm Lorne Rosand and have a small business that does Minnesota permit to carry training.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. if FinNCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BOI rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you.

Centurion Solutions LLC
~ Lorne Rosand

- Owner

442
569

Randy Asburry
Cross View Woodworks, LLC
St. Louis, Missouri

My name is Randy Asburry and my smail business makes wood furnishings.

| respectfully ask you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

This misguided rule violates my constitutional rights to privacy and to being presumed innocent until
proven guilty. If FinCEN wants to target criminals, they should use the tools of our US court system,
based on hard evidence.

The CTA BOI rule is not only unconstitutional, but it also creates privacy issues, asking us to report
personal, sensitive information and identification that could be used by hackers and fraudsters. Such a
rule only places my business and that of millions of others at risk.

{ should not have to choose between the protection of a business entity, such as an LLC or S-Corp, and
being a target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. Certainly no individual who would engage in such unlawful acts would
voluntarily give accurate information to FinCEN. If financial criminals are willing to break the laws at
such a level, they would hardly care about additional rules and laws. That means the only people
reporting to FinCEN would be law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Why should we be presumed guilty simply for operating our small businesses?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BOI rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly and unconstitutionally target American small business owners.

Thank you.

Randy Asburry
Cross View Woodworks

443
570

John Weitzel
John Wetzel Services LLC

i'm John and have a small business that does Handyman Services.

iam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership Information (“CTA
BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to target
criminals, they should be using the tools of our US court system, based on hard evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and that of
millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a target of
government overreach. The Declaration of Independence, the Constitution, and the Bill of Rights are based on the
idea we all have certain fundamental rights that the government are created to protect. Seems to be the
government and most of the servants elected have shifted away from our prime written law and rule. To
unnecessary and arbitrarily write laws, that convolute the rights or purpose of the original intent.

Debate and deliberation have degraded. Writing bills with trojan horses such as healthcare and adding more into a
bill that does not pertain to that specific bill, Passing a bill without debate and deliberation within such limited
amount of time for the bill to be understood for it to pass on merit or just cause. | fear we are moving away from
our founding principles. | believe the cause is poor and weak leadership in all levels of our system, power, and
greed of self-gain. By giving up principles, truth, and our rights. | urge each member to revisit WHY you are serving.
How often does a law need to be amended or a new one written, seriously? Is a current law or rule not being
followed? Enforce the law to those who break them and the citizens who follow the law. What are the unintended
consequences? A well debated law is prime, principled, and not convoluted. It stands the test of time. Few if no
amendment will occur will both sides working through and testing the merit of the work you perform,

The stated reason for the rule is to prevent financial crimes, such as those committed via money laundering and
cartel activity. It is unlikely that any individual who would engage in such unlawful acts would voluntarily give
accurate information willingly to FinCEN. If financial criminals are willing to break the laws at such a level, they
would hardly care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. | have spoken to many LLC owners about this unconstitutional rule, and most do not believe me. | hear
most often “I will find out when | get a letter saying | broke the law.” Why should law-abiding small business
owners be threatened with jail time and financial penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and services,
generate significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BOI rule is just another example of the government tipping the
scale in favor of the big guys.

itis a challenge to be a small business owner but also a privilege. We just want to be left to be a vital and vibrant
part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI rule and
any further rules that unfairly, unconstitutionally target American smail business owners.

Thank you.
John Wetzel/Wetzel Services LLC

444
571

Tim Ballard
Ballard Signs LLC
ballardsigns@gmail.com

’'m Tim Ballard and have a small business that makes signs.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

| shouldn’t have to choose between the protection of a business entity like an LLC or S-Corp and being a
target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. It is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws. That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even
by accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

| respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BO!
rule and any further rules that unfairly, unconstitutionally target American small business owners.

Thank you.

Tim Ballard, Ballard Signs LLC

445
572

Renee Pinette

I'm Renee Pinette and am 50% owner of Classic Imports, Inc., a small S-Corp business, which does
mechanical repairs on import cars.

We have been in business for about 35 years. My partner and | also have a business, LaGrande
Properties, LLC, which owns property and leases one of the buildings to Classic Imports and other
buildings to business and private entities, as well as leasing indoor storage spots for cars primarily during
the winter months.

1am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American smail businesses.

The rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN
wants to target criminals, they should be using the tools of our US court system, based on hard
evidence.

The CTA BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal,
sensitive information and identification that could be used by hackers and fraudsters, placing my
business and that of millions of others at risk.

I shouldn't have to choose between the protection of a business entity like my S-Corp and LLC
businesses and being a target of government overreach.

The stated reason for the rule is to prevent financial crimes, such as those committed via money
laundering and cartel activity. it is unlikely that any individual who would engage in such unlawful acts
would voluntarily give accurate information willingly to FinCEN. If financial criminals are willing to break
the laws at such a level, they would hardly care about additional rules and laws, That means the only
people reporting to FinCEN are law-abiding small business owners, because big businesses are exempt
from the rule reporting requirement.

Not only is this rule unfair to small businesses, but it also can turn us into criminals if we don’t comply,
even by accident. Why should law-abiding small business owners be threatened with jail time and
financial penalties?

Small businesses make up the backbone of the United States economy. We provide vital goods and
services, generate significant economic activity, and create employment for ourselves and others. Yet,
the US government always seems to favor big businesses, and the CTA BO! rule is just another example
of the government tipping the scale in favor of the big guys.

Any additional reporting required by a small business eats into our already tight budgets to cover the
costs of reporting. Our break-even point for year ending 2023 increased by 12% over what it was for
year ending 2022! How can we keep the rising cost to do business at a minimum with the rising inflation
poking a big hole in our finances, jet alone the cost of any additional reports required by this rule.

It is a challenge to be a small business owner but also a privilege. We just want to be left to be a vital
and vibrant part of the US economy.

l respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke the CTA BOI
rule and any further rules that unfairly, unconstitutionally target American smail business owners. Thank
you.

446
573

Dr. Jeffrey S. Dombrowski
lam Dr. Jeffrey S. Dombrowski and have a small business that does Oral and Maxillofacial surgery.

| am asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BO!”) rule passed by Congress that unfairly targets American small businesses. The
tule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional{as ruled previously by the Alabama Supreme Court earlier this
year), but creates privacy issues, asking us to report personal, sensitive information and identification
that could be used by hackers and fraudsters, placing my business and that of millions of others at risk. |
shouldn't have to choose between the protection of a business entity like an LLC or $-Corp and being a
target of government overreach. The stated reason for the rule is to prevent financial crimes, such as
those committed via money laundering and cartel activity. It is unlikely that any individual who would
engage in such unlawful acts would voluntarily give accurate information willingly to FinCEN. If financial
criminals are willing to break the laws at such a level, they would hardly care about additional rules and
laws. That means the only people reporting to FinCEN are law-abiding small business owners, because
big businesses are exempt from the rule reporting requirement. Not only is this unfair to small
businesses, but it also can turn us into criminals if we don’t comply, even by accident. Why should law-
abiding small business owners be threatened with jail time and financial penalties? Also, the added
burden of more regulations is more onerous and adds one more issue that could result in an accidental
problem or issue that a law abiding American and businessman may fall into due to the fact that he may
be more concerned about other issues and regulations in running their business. Small businesses make
up the backbone of the United States economy. We provide vital goods and services, generate
significant economic activity, and create employment for ourselves and others. Yet, the US government
always seems to favor big businesses, and the CTA BO! rule is just another example of the government
tipping the scale in favor of the big guys. It is a challenge to be a small business owner but also a
privilege. We just want to be left working our craft, providing a service for others and our community,
and to be a vital and vibrant part of the US economy. | respectfully ask Congress to immediately
overturn the powers given to FinCEN and revoke the CTA BOI rule and any further rules that unfairly,
unconstitutionally (see Alabama Supreme Court ruling) target American small business owners. Thank
you.

Dr. Jeffrey S$. Dombrowski/ Jeffrey S$. Dombrowski MD, DDS PLLC

447
574

Mike Niemeyer

My name is Mike Niemeyer and { have a small business that does residentialconstruction and land
development.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach. The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. if financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy, | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BO! rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you. Mike Niemeyer, Niemeyer construction Inc.

448
575

Ed Weaver

Advantage Copying & Printing, LLC
4723 County Road YZ

Dodgeville WI 53533
608-935-0615
edweaver@advantagecp.com
advangtagecp.com

I'm Ed Weaver and have a small business that does custom printing & signage.

tam asking you to immediately overturn the Corporate Transparency Act’s Beneficial Ownership
Information (“CTA BOI”) rule passed by Congress that unfairly targets American small businesses. The
rule violates my rights to privacy and to being presumed innocent until proven guilty. If FinCEN wants to
target criminals, they should be using the tools of our US court system, based on hard evidence. The CTA
BOI rule is not only unconstitutional, but creates privacy issues, asking us to report personal, sensitive
information and identification that could be used by hackers and fraudsters, placing my business and
that of millions of others at risk. | shouldn’t have to choose between the protection of a business entity
like an LLC or S-Corp and being a target of government overreach, The stated reason for the rule is to
prevent financial crimes, such as those committed via money laundering and cartel activity. It is unlikely
that any individual who would engage in such unlawful acts would voluntarily give accurate information
willingly to FinCEN. tf financial criminals are willing to break the laws at such a level, they would hardly
care about additional rules and laws. That means the only people reporting to FinCEN are law-abiding
small business owners, because big businesses are exempt from the rule reporting requirement. Not
only is this unfair to small businesses, but it also can turn us into criminals if we don’t comply, even by
accident. Why should law-abiding small business owners be threatened with jail time and financial
penalties? Small businesses make up the backbone of the United States economy. We provide vital
goods and services, generate significant economic activity, and create employment for ourselves and
others. Yet, the US government always seems to favor big businesses, and the CTA BO! rule is just
another example of the government tipping the scale in favor of the big guys. It is a challenge to be a
small business owner but also a privilege. We just want to be left to be a vital and vibrant part of the US
economy. | respectfully ask Congress to immediately overturn the powers given to FinCEN and revoke
the CTA BOI rule and any further rules that unfairly, unconstitutionally target American small business
owners.

Thank you,

Ed Weaver
Advantage Copying & Printing, LLC

449
576

Scott Grover
CJR Homes LLC

| started investing in rental property as a hedge on inflation and diversify the retirement plan. | chose to
focus on low income rentals because | prefer to be part of the solution to solve problems like what so
hard about low income property management. What I've found at every turn is government creating
headwinds for tenants and landlords alike.

l only have 3 rental properties, so it's kind of like a side job while | still work full time. But while | keep

looking for ways to protect and grow wealth while improving my community the government continues
to find ways to make it difficult.

450
577

Julie Wurzelbacher
Gray The Florist

We are small business owners, and am asking you to immediately overturn CTA BOI. We believe this unfairly
targets American small businesses. We believe this rule is unconstitutional and creates privacy issues.

Congress needs to overturn the powers given to FinCen and revoke the CTA BOI rule and any other rules that
unfairly and unconstitutionally target American small business owners.

Gray The Florist
578

Connie Woolsey

My name is Connie Woolsey and my daughter and | own Raptor King Investments, a small commercial rental
property in a small college town in Texas.

lam asking you to immediately overturn the CTA BO! rule passed that unfairly targets small businesses in
America.

CTA BO! violates my 4th amendment right to privacy and presumed innocence until proven guilty. Targeting
criminals should be addressed by the courts. It is NOT MY JOB to police our country and laws. This should
be done by law enforcement using HARD EVIDENCE.

CTA BOI is unconstitutional and creates privacy issues requiring business owners to report personal,
sensitive information and identification that hackers could easily access, which of course places me at risk.

There is NO GOOD REASON for me to have to choose between protecting my business and being the target
of government overreach,

Congress stated the reason for the rule is preventing financial crimes. Like money laundering and cartel
business. | find it highly unlikely that any person that would engage in such activities would give accurate
information willingly to FinCEN. They are already criminals, which means they don’t care about laws. Ergo,
the only ones reporting would be law-abiding small business owners because you EXEMPTED big
businesses.

This is so unjust. You even put us at risk of becoming a criminal if we make a mistake reporting. Jail time?
Fines?

Small business is the backbone of the US economy. And yet, the government always seems to make things
easy for big business, i.e. CTA BOI.

| respectfully request Congress overturn the powers given to FiINCEN, and revoke the CTA BOI rule, and any
further rules that unfairly and unconstitutionally target small business owners in America.

Respectfully,
Connie Woolsey, Majority Partner

Raptorking Investments, LLC

452


File and source

File

CHRG-118hhrg55252.pdf

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CHRG-118hhrg55252.pdf

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