On Mar. 1, 2024, a federal district judge in Alabama ruled that the CTA is unconstitutional, holding that it exceeds the powers granted to Congress by the U.S. Constitution. The ruling permanently enjoins FinCEN from...more
3/5/2024
/ Beneficial Owner ,
Commerce Clause ,
Constitutional Challenges ,
Corporate Transparency Act ,
Fifth Amendment ,
FinCEN ,
First Amendment ,
Foreign Policy ,
Fourth Amendment ,
National Security ,
Securities and Exchange Commission (SEC) ,
Small Business ,
Taxing Power
What is the Corporate Transparency Act?
The CTA will require all “reporting companies” to disclose certain information on their beneficial owners to FinCEN....more