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The U.S. Treasury Department has requested the Supreme Court to limit the scope of a December injunction issued by a Texas district judge that blocks the implementation of the Corporate Transparency Act. This act is designed to enhance transparency in corporate ownership and reporting. The request follows the submission of 12 amicus briefs, indicating considerable interest from various stakeholders. Companies have argued that the injunction should remain in place to avoid costly compliance burdens associated with the ownership reporting requirements outlined in the act. The application was directed to Justice Samuel Alito, who has asked for a response from the plaintiffs by Friday.
“FinCEN Asks Supreme Court to Reinstate Law Requiring Ownership Information; The application was submitted to Justice Samuel Alito, who has requested a response from the plaintiffs by Friday”: Mengqi Sun of The Wall Street Journal has this report. https://t.co/7Bvc10AxPl
The US Supreme Court should preserve an injunction that blocks certain ownership reporting requirements under the Corporate Transparency Act, to prevent expensive compliance burdens, companies said. https://t.co/bbqNk4s16n
The US Supreme Court should preserve a Fifth Circuit injunction that blocks certain ownership reporting requirements under the Corporate Transparency Act, companies told the court.. https://t.co/TeNXiKioGn