Take a look at a bit of industry news.
MAY 2024
A Small Entity Compliance Guide for Title II Web and Mobile App Rule
How does this apply to campgrounds? Well, some people believe in suing businesses that don’t have an ADA-compliant website, yet there are no solid and clear definitions to follow. So, we’ve been monitoring how the Justice Department has been handling how the federal, state and local governments has been outlining their definitions. You might want to have your website comply to stand a better chance of defending your website in such a suit.
On 5/22/2024, this news was released:
Today, the Department published a Small Entity Compliance Guide to help people who work for or with small state or local governments understand the new web content and mobile application (app) accessibility requirements under the Americans with Disabilities Act (ADA).
This guide follows the recent publication of a final rule to improve web and mobile app access for people with disabilities. The rule clarifies how state and local governments can meet their existing ADA obligations as many of their activities move to the digital space. The rule adopts a technical standard for web and mobile accessibility to ensure that people with disabilities can better access important public services like health care, voting, and education.
To find out more about the ADA, visit ada.gov or call the Justice Department’s toll-free ADA information line at 1-800-514-0301 (voice) or 1-833-610-1264 (TTY).
JANUARY 2024
US Lawmakers Seek Delay in Business Reporting to FinCEN
UPDATED INFO: Please refer to this WCM article: https://woodallscm.com/taylor-navigating-the-corporate-transparency-act/?mc_cid=e2f644f456&mc_eid=c9ef5830a2
ORIGINAL POST:
The following words are from an article by SDPB (SD’s PBS), on 1/3/2024 (yellow highlight is my emphasis).
US Senator Mike Rounds and dozens of congressional Republican colleagues are urging a department that investigates financial crimes to delay implementing a reporting requirement for small businesses.
The law went into effect January first.
The new law requires corporations, LLC’s and small businesses to report information about who ultimately owns or controls the company. Businesses have a year to file that information with the Financial Crimes Enforcement Network, or FinCEN.
The US Department of Treasury said the new reporting requirements will strengthen the integrity of the US financial system by making it harder for illicit actors to use shell companies to launder money or hide assets.
In a December letter, Senator Rounds and other Republicans want FinCEN to delay implementation by a year to allow the organization time to educate stakeholders about their new obligations.
Rounds said he’s supportive of the concept behind the law, but that much of the information is already found through secretary of state’s offices across the country.
“We’d much rather have them make it as simple as possible, not add duplicative reporting into the process and so forth,” Rounds said. “But the concept of actually being able to identify who the different entities benefit, who the beneficial owners are, that is a good thing and we’re supportive of that.”
The law is part of the Corporate Transparency Act, which supporters say is the biggest reform to financial transparency laws since 2001, following the September 11 attacks.
“This is a pretty big deal,” said Gary Kalman, executive director for Transparency International US.
He says bad actors use the US financial system to launder money—often through anonymous shell companies.
Kalman believes an extension is unnecessary. He said the law requires four pieces of information—name, address, date of birth and driver’s license number.
<END OF ORIGINAL POST>
