
The federal government has filed an appeal against a Texas judge's injunction that blocks the enforcement of the Corporate Transparency Act (CTA), which mandates beneficial ownership interest (BOI) reporting for businesses. This move aims to eliminate the final barrier to the law's implementation. The appeal follows a recent U.S. Supreme Court decision that paused another nationwide block on the CTA. Currently, reporting remains voluntary for businesses, but if the injunction is lifted, the Financial Crimes Enforcement Network (FinCEN) indicated that the new filing deadline would be 30 days after the court's ruling. The government has hinted at potential policy changes regarding the enforcement of the CTA.



If the injunction is lifted, FinCEN said the new filing deadline would be 30 days after the court's ruling. #trucking #truckers #smallbusiness #Landlinemedia https://t.co/PK7C7pP5CO https://t.co/5KFwZQ4LGO
Corporate Transparency Act Recent Update https://t.co/eXezW7mJli #Businesses #Money #Government @complianceweek @msolis14 https://t.co/N1z2fwEzoD
The federal government plans to challenge an order preventing it from enforcing the Corporate Transparency Act's reporting requirements for businesses, following the U.S. Supreme Court's pause of another nationwide block on the law. https://t.co/WPC6dHfChp