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The Corporate Transparency Act (CTA) has been ruled unconstitutional by a federal district court, impacting investment managers and businesses. The ruling was based on Congress exceeding its powers, benefiting thousands of businesses. The decision was made in a case involving specific plaintiffs, with ongoing FinCen requirements despite the ruling.
Alabama judge nixes Corporate Transparency Act as unconstitutional -- and it may still apply to you. @AliCDonaldson https://t.co/l2o71QBRYs
U.S. District Court in Alabama Finds the Corporate Transparency Act Unconstitutional https://t.co/pFCchRw7EH #unconstitutional #compliance #corporatecompliance @proskauer https://t.co/l1SgMrZ7KU
Corporate Transparency Act Is Unconstitutional, Says Federal Court https://t.co/ZaMHEZYdln #constitutionallaw #unconstitutional #corporate @ACCinhouse https://t.co/VikSxqvjwp