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KENTUCKY SECRETARY OF STATE ADAMS URGES BIDEN ADMINISTRATION TO DROP DRACONIAN MANDATE ON SMALL BUSINESSES

President Shows Disturbing Desire to Snoop on American People

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Secretary of State Michael Adams

FRANKFORT (February 7, 2022) – Secretary of State Michael Adams is urging the Biden Administration to reconsider a proposed regulation that would require small businesses in Kentucky and elsewhere to report personal information on their owners – including photo identification – to the federal government.

“After pushing federal legislation to ban states from requiring a Photo ID at the polls – and comparing me and others who disagree with him to George Wallace and Bull Connor – President Biden is trying to require small businesspeople to produce Photo ID and other evidence to prove they aren’t criminals,” said Adams. “President Biden has punished small businesses enough with his failed vaccine mandate and mismanagement of the economy. He needs to stop treating as enemies everyone outside his increasingly small band of followers.”

Under the proposed regulation, companies would be required to disclose their owners, and hard evidence of ownership, to the U.S. Treasury Department’s Financial Crimes Enforcement Network. The Biden Administration itself estimates this new requirement will require 25 million small businesses to expend over 30 million hours of their time, at a staggering cost of $144,700,558.43.

“The Biden Administration has already backed down on plans for the Internal Revenue Service to snoop on Americans’ bank accounts and require video identification to access their tax accounts. Here too, the President should stop trying to snoop on law-abiding Americans,” said Adams.

Secretary Adams first warned the Biden Administration last May of the hardships this rule would present.

You can find a copy of Secretary Adams’ February 7 letter here.