CORPORATIONS – States findings of the Legislature and calls on Congress to repeal the Corporate Transparency Act.

HJM 3 is a joint memorial from Idaho's legislature requesting Congress repeal the Corporate Transparency Act of 2021. It states the Act's requirement for businesses to disclose beneficial ownership information creates unnecessary regulatory burdens for Idaho's over 900,000 small businesses. The memorial cites recent court disputes over the Act's enforcement deadlines as adding confusion and expense for business owners. This is a formal request to federal lawmakers, not a binding law.