Fight money laundering without punishing small businesses

With National Small Business Week underway, Washington has a timely opportunity to show it understands what small businesses actually need. Too often, policymakers say they support Main Street while overlooking what new compliance demands look like for the local companies serving their communities.

The American Land Title Association represents an industry in which 90% of companies are small businesses. These are local title and settlement companies serving homebuyers in every corner of the country. They help families buy homes, protect property rights, and stop fraud before it spreads. They are not giant compliance shops with legal departments and spare staff. They are Main Street businesses.