U.S. Senator Jerry Moran called on Director of the Financial Crimes Enforcement Network, Andrea Gacki to allow rural business owners to submit their beneficial ownership information through the United States Postal Service instead of using the current e-filing, due to broadband connectivity issues across the United States. In January, the Financial Crimes Enforcement Network launched a Beneficial Ownership Information e-filing website so that companies may report their information digitally to comply with the Corporate Transparency Act.
Moran says while an online method will be sufficient for many companies across Kansas and the United States, the system alienates many rural businesses, unable to access a reliable broadband connection. He continues, saying because of the heavy regulatory environment that our economy currently operates under, allowing rural business owners to submit these forms through USPS would help level the playing field for mom-and-pop businesses in our nation’s smallest towns. Federal Communications Commission data estimates that more than one in five Americans in rural areas and nearly three in ten tribal residents lack access to a dependable broadband connection.
