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The enforcement of the Corporate Transparency Act (CTA) remains on hold despite a recent U.S. Supreme Court decision that granted a stay on a nationwide injunction blocking the law. The Financial Crimes Enforcement Network (FinCEN) confirmed that CTA filings are currently optional for businesses. This decision has left many U.S. businesses uncertain about compliance requirements. Oral arguments regarding the appeal of the injunction are scheduled for March 25, 2025. The situation surrounding the CTA has been complex, with ongoing discussions about its implications for corporate transparency and reporting obligations.
Now that @PamBondi is confirmed, can the DOJ please agree to a permanent injunction suspending enforcement of the Corporate Transparency Act?
Corporate Transparency Act put on hold? #Legal Matters: The CTA has been a roller coaster ride for the past year. Here is where things stand today — and what it means for #farmers. https://t.co/GZGJvienNl
On Jan. 23, 2025 #SCOTUS granted a stay on the nationwide injunction of the #CorporateTransparencyAct. While current filings aren't required companies should stay informed on potential changes. Oral arguments for the appeal are set for March 25, 2025. 🔍: https://t.co/96SruMK5Ji https://t.co/Vt8ZwuXkto