Treasury Orders Erasure of Domestic Ownership Records (home.treasury.gov) 45 points by Jimmc414 28d ago ↗ HN
[–] evanjrowley 28d ago ↗ I recall many small business owners panicking when this requirement seemed to sneak up on them.Wasn't the purpose of it to aid in mitigating certain types of fraud, like with Covid-19 PPP loans and Medicare?
[–] RevEng 27d ago ↗ I could perhaps understand ending the reporting rule, but deleting all existing records? That's very suspicious. [–] anamax 27d ago ↗ Govt should not have information unless there is a very specific and "in the law" reason for govt to have that information.If there's no reporting rule, there's no reason for govt to have that information.
[–] anamax 27d ago ↗ Govt should not have information unless there is a very specific and "in the law" reason for govt to have that information.If there's no reporting rule, there's no reason for govt to have that information.
4 comments
[ 2.3 ms ] story [ 8.2 ms ] threadWasn't the purpose of it to aid in mitigating certain types of fraud, like with Covid-19 PPP loans and Medicare?
If there's no reporting rule, there's no reason for govt to have that information.