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The Treasury announced it would no longer enforce the Corporate Transparency Act, nor enforce any penalties or fines associated with beneficial ownership reporting.
March 3
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The Treasury Secretary said one person at the Internal Revenue Service "is looking at an outdated IT system, that's all they're doing."
February 19
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A federal district court in Texas has stayed an injunction that had prevented enforcement of the Corporate Transparency Act and its reporting requirement.
February 19 -
Senate Democrats criticized Treasury Secretary Scott Bessent for what they call a "lack of candor" about what DOGE workers are doing with U.S. payment systems.
February 14
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Elon Musk will dispatch a team to gain read-only access to the government's central accounting system.
February 10
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Bessent said the Internal Revenue Service would be largely spared from DOGE's cost-cutting — at least until after the April 15 filing deadline.
February 7
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In just two weeks as Treasury chief, Scott Bessent has seen plenty of turbulence.
February 7
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Decentralized finance companies are breathing a sigh of relief after the Treasury and the Internal Revenue Service gave them a two-year delay on reporting.
February 6
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When Elon Musk's team gained access to the computer network where data of nearly every American is stored, it caused alarm across the country.
February 6
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Bessent is expected to be a key advocate for the Trump administration's much-anticipated tax cut package.
January 29
