Secretary Simon Statement on U.S. SAVE Act
SAINT PAUL – On April 10, 2025, the U.S. House of Representatives passed the U.S. Safeguard American Voter Eligibility Act commonly known as the SAVE Act. Minnesota Secretary of State Steve Simon issued the following statement: “The SAVE Act would cause unprecedented chaos in the U.S. election system – preventing millions of Americans from voting, slowing or stopping work in elections offices, and threatening election workers with criminal prosecution. Fundamentally, the SAVE Act would change how
FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets
March 21, 2025 WASHINGTON––Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act. In that interim final rule, FinCEN revises the definition of “reporting company” in its implementing regulations to mean only those entities that are
