Treasury drops Small‑Biz Beneficial‑Ownership rule; MCOOL Amendment Passes as Farm Bill Fails

The U.S. Treasury Department is set to eliminate beneficial ownership reporting requirements for small businesses, including 230,000 farms, as part of the Corporate Transparency Act. Meanwhile, R-CALF USA is making progress in advocating for mandatory country of origin labeling (MCOOL) in the beef industry, despite the farm bill's failure to pass.