The U.S. Treasury Department permanently repealed a rule that required businesses formed in the U.S. to report who owns them to federal crime investigators.

Foreign companies and pooled investment vehicles must still report about foreign owners.

Treasury ends ownership reporting rules for U.S. companies
The rules, intended to combat money laundering and other financial crimes, imposed an undue burden on American businesses, Treasury Secretary Scott Bessent said.

(washingtonpost.com)