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The U.S. Corporate Transparency Act has been declared unconstitutional by a U.S. District Court, impacting non-parties as FinCen requirements still apply. The ruling could benefit over 65,000 businesses. Various courts have challenged the act, with a federal judge ruling it unconstitutional. Despite the rulings, FinCEN continues to enforce the act's requirements on entities not involved in the cases.
Federal Judge Rules Corporate Transparency Act Is Unconstitutional: Takeaways and Next Steps https://t.co/yaHIA1zy7R #Unconstitutional #constitutionallaw #federaljudge @acslaw https://t.co/EzCunkdncF
District Court Declares Corporate Transparency Act Unconstitutional https://t.co/XcbyTmYrvt #unconstitutional #constitutionallaw #compliance @CompliResource https://t.co/wCLPflYt8c
The Corporate Transparency Act is unconstitutional - For some, and for now https://t.co/R5mv6ZD6qj | by @ESGlobalLaw