In a Sunday evening announcement, Treasury said in a news release that it will not impose penalties now or in the future if companies fail to register for the agency’s beneficial ownership information database that was created during the Biden administration.
Despite efforts by small businesses to undue the rule in the courts, it remains in effect.
On Sunday, President Donald Trump on his Truth Social media site praised the suspension of enforcement of the rule and said the database is “outrageous and invasive.”
Colbert did that SuperPAC a while back, setting up an offshore shell company would be another perfect exercise for him.