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The Corporate Transparency Act once had bipartisan support. What happened?

The Corporate Transparency Act was supposed to shed light on shell companies. It had bipartisan support, until it didn't. Why does the Trump administration want to shelve it?

Copyright 2026 NPR

Wailin Wong
Wailin Wong is a long-time business and economics journalist who's reported from a Chilean mountaintop, an embalming fluid factory and lots of places in between. She is a host of The Indicator from Planet Money. Previously, she launched and co-hosted two branded podcasts for a software company and covered tech and startups for the Chicago Tribune. Wailin started her career as a correspondent for Dow Jones Newswires in Buenos Aires. In her spare time, she plays violin in one of the oldest community orchestras in the U.S.
Sally Herships
[Copyright 2024 NPR]