
Trump Administration Ends Corporate Ownership Reporting Rule, Orders U.S. Records Deleted
This means U.S. companies no longer have to tell the federal government who really owns them, and existing ownership records will be deleted.
Trump‘s administration is framing this as deregulation and less burdens on small businesses but this probably opens the door for the rich to continue to obfuscate their ownership interest in certain deals and more easily hide from scrutiny into their financial deals.