




A federal court ruled the Corporate Transparency Act "quasi-Orwellian"—time to build on this momentum and replace the CTA with pro-small business legislation like the Repealing Big Brother Overreach Act. https://t.co/OPi4DrZDZf
Why Is The FinCEN Continuing To Accept Beneficial Ownership Report Filings? https://t.co/hCBB9dgbKH #Businesses #Money #Government @msolis14 @RandyDFinanNews https://t.co/Rm7VPuKtTh
The Corporate Transparency Act: The Government Appeals Preliminary Injunction. What To Do Now? https://t.co/94fc2bguSG #Businesses #Money #Government @eisingerj @andrewrsorkin https://t.co/TMAWHqqib7

The U.S. Treasury Department is seeking to pause a preliminary injunction issued by Judge Amos L. Mazzant in the Eastern District of Texas regarding the Corporate Transparency Act (CTA). The judge's opinion suggested that the law may be unconstitutional, as it likely oversteps Congress's authority in its anti-money-laundering provisions. This legal challenge comes just four weeks before a key reporting deadline, leading the Financial Crimes Enforcement Network (FinCEN) to continue accepting beneficial ownership report filings despite the injunction. The government plans to appeal the decision, which has been described by some lawmakers as 'quasi-Orwellian,' with calls for alternative legislation to support small businesses.