WASHINGTON, D.C. – Sen. John Ensign this week sent a bipartisan letter to Sen. Joseph Lieberman, Chairman of the Committee on Homeland Security and Governmental Affairs, regarding the Incorporation Transparency and Law Enforcement Assistance Act.
The committee, of which Sen. Ensign is a member, is considering taking up this legislation which will have major implications on states’ laws regarding business incorporation rules and could make it more difficult for entrepreneurs to start small businesses in Nevada.
“Small businesses across my state have been hurting during these difficult economic times,” Ensign said. “Throughout our nation’s history, small business has been the engine of our economy when it comes to job creation, and we need their help now more than ever as our nation continues to try to recover from this recession. The absolute last thing that my state or this country needs is for the Senate to pass legislation that could stifle small business growth.”
Sen. Ensign’s letter requests that the committee postpone its consideration of the bill until the Departments of Treasury and Justice release their evaluations of the unintended consequences on states and businesses. The postponement would provide ample time to discuss the bill with stakeholders in Nevada, Ensign said in a press release.
Sens. Tom Carper (D-Del), Susan Collins (R-Maine), Ted Kaufman (D-Del), Lindsey Graham (R-SC) and Tom Coburn (R-Okla.) joined Sen. Ensign in signing the letter.