Lee, Kennedy Cut Financial Red Tape for Small Business Owners

This press release from Senator Mike Lee (R-UT) was published on 2026-04-29 and titled "Lee, Kennedy Cut Financial Red Tape for Small Business Owners". It focuses on foreign policy.

Lee, Kennedy Cut Financial Red Tape for Small Business Owners

WASHINGTON – U.S. Senator Mike Lee (R-UT) cosponsored legislation this week with Senator John Kennedy (R-LA) defending America’s small businesses from burdensome and intrusive overregulation of their finances. The bill would stop the collection of personal “Beneficial Ownership Information (BOI)” from small businessowners and delete this private data from the federal government’s records.