Roland Stephen @outlyingobs

Capitolium prope Tarpeiam est

[Roland Stephen @outlyingobs @outlyingobs]

@DrHistoryBrad Yes yes yes! The flagship state universities produce 100,000s of talented graduates, cutting edge research, etc.

[Roland Stephen @outlyingobs @outlyingobs]

@anneapplebaum @TheRickWilson And allow adversaries to invest in US technologies, being funded by the US government through the SBIR program

[Roland Stephen @outlyingobs @outlyingobs]

@AmbDanFried @ACGeoEcon It will expose tech start-ups supported by federal $$ through the SBIR program to adversarial investment. Not good.

[Jessica Tillipman @JTillipman]

Treasury’s own analysts disagree.

In May, GAO found that U.S. shell companies continue to pose significant illicit finance risks, citing Treasury’s 2026 National Money Laundering Risk Assessment, which documented shell companies laundering the proceeds of drug trafficking, cybercrime, and fraud. https://t.co/TPabGw2mUT

Given the significant risks, GAO asked Treasury identify options for addressing the gap the exemption creates. Treasury refused and now it has finalized a rule that exempts over 99 percent of the entities that were previously required to report.

As GAO has explained, “….there are generally no restrictions on foreign ownership of companies formed in the United States. As a result, an exempt domestic reporting company could have foreign (non-U.S.) ownership, or transnational criminal organizations could use individuals in the United States to establish U.S. shell companies to facilitate illicit activity.”

In other words, by exempting domestic entities from beneficial ownership reporting, Treasury has created a loophole so large that the US corporate transparency requirements are functionally meaningless for anyone sophisticated enough to spend five minutes at a secretary of state’s website.

[Roland Stephen @outlyingobs @outlyingobs]

@Malinowski This will make research security, the requirement that we know who has invested in firms receiving SBIR awards, much harder

[Roland Stephen @outlyingobs @outlyingobs]

@CheeseForEvery1 The fault in almost all of these cancellations lies with the institution! Yes, the student is a whiny bugger, but really, why can’t administrators see through the nonsense?

[Roland Stephen @outlyingobs @outlyingobs]

@realmfoster The president’s creature, sent to do his bidding, and for no other reason, leads an agency that can track any “enemy”.

[Roland Stephen @outlyingobs @outlyingobs]

@bswud Note the ridiculously small windows in the Clacton house due to insane UK building codes.

[Roland Stephen @outlyingobs @outlyingobs]

@dilanesper Almost all antitrust complaints, misunderstand the competitiveness of markets

[Roland Stephen @outlyingobs @outlyingobs]

@jstein_notus You had me at “AARP, Grover Norquist, Bernie Sanders whip against…”

[Roland Stephen @outlyingobs @outlyingobs]

@RichardHanania Just how comfortable do you feel with that?

[Roland Stephen @outlyingobs @outlyingobs]

@RichardHanania I am pro technology, and I’m quite sure, alongside drones and DNA databases and other technologies, we can make tremendous improvements in managing crime. But consider undoubtedly Trump‘s creature the Attorney General has access to a national database of innocent citizens.

[Roland Stephen @outlyingobs @outlyingobs]

@lance_corporate And student loans!

[Roland Stephen @outlyingobs @outlyingobs]

@ccbaker2023 Proud of this picture I took in Philadelphia one evening last week

[Roland Stephen @outlyingobs @outlyingobs]

Don’t be this person @wmata

[Roland Stephen @outlyingobs @outlyingobs]

@scottlincicome @JonahDispatch Thanksgiving is objectively the best national holiday: pies and family

[Roland Stephen @outlyingobs @outlyingobs]

@newrepublic We are going to be left with a lot of half finished projects by the end of his term. A physical mass, a true monument to the state of the country.

[Roland Stephen @outlyingobs @outlyingobs]

@amandacarpenter @anneapplebaum "I never bought a man who wasn't for sale." Sen. William Clark

[Roland Stephen @outlyingobs @outlyingobs]

@CathyYoung63 I say “please”, which I’m told is a mistake because it adds to the cost of processing. Could be good in the long run, however, to be known as a good guy…

[Roland Stephen @outlyingobs @outlyingobs]

@bobbyfijan Chestertown, Maryland