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SBAM | Call to Action - Oppose Proposed Financial Reporting Regulations

Michigan Business Network
September 14, 2021 6:00 PM

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It’s been a while since SBAM has had a call to action for its members. They don’t ask businesses to contact their elected representatives unless is it very important. Now is such a time.

The Biden administration reportedly is proposing requiring financial institutions to report to the IRS all transactions of all business and personal accounts worth more than $600.

This is an unprecedented invasion of privacy.

In order to knock down this intrusive proposal, please let your Representative and Senator know that you oppose this proposal.

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Michigan Business Network is an online broadcasting company that provides knowledge, news, and insights into Michigan’s businesses, industries, and economy.