https://cdnph.upi.com/ph/st/th/8141786567703/2026/upi/885257270f65a17f5abfe2da8eeb5abf/v1.5/Treasury-Department-repeals-reporting-rule-for-businesses.jpg" /> The U.S. Treasury Department has officially repealed a rule that required U.S. companies and individuals to report "beneficial ownership information."