News & Analysis as of

U.S. Treasury NSBA Corporate Transparency Act

Husch Blackwell LLP

Eleventh Circuit to Review Constitutionality of Corporate Transparency Act

Husch Blackwell LLP on

The Corporate Transparency Act (CTA), a pivotal piece of legislation aimed at preventing financial crimes, is under constitutional scrutiny. We previously reported that on March 1, 2024, the U.S. District Court for the...more

Ballard Spahr LLP

Treasury Asks the Eleventh Circuit to Uphold the CTA and Congressional Authority

Ballard Spahr LLP on

We previously blogged on the lawsuit filed by the National Small Business Association (“NSBA”) and one of its individual members, which sought to challenge the constitutionality of the Corporate Transparency Act (“CTA”). Most...more

Butler Snow LLP

Corporate Transparency Act Declared Unconstitutional

Butler Snow LLP on

On March 1, 2024, the U.S. District Court for the Northern District of Alabama (Northeastern Division) held that the Corporate Transparency Act (the “CTA”) is unconstitutional. See National Small Business United v. Yellen,...more

Husch Blackwell LLP

The Corporate Transparency Act Is Unconstitutional—But Not for You

Husch Blackwell LLP on

On Friday March 1, 2024, the U.S. District Court for the Northern District of Alabama in NSBA v. Yellen ruled that the Corporate Transparency Act (CTA) is unconstitutional because it cannot be justified as an exercise of...more

Cole Schotz

The CTA – Still in Effect, Despite Alabama Court Questioning Constitutionality

Cole Schotz on

On March 1st, Federal District Judge Liles C. Burke of the Northern District of Alabama issued an opinion in the case of NSBU v. Yellen finding that the Corporate Transparency Act (the “CTA”) is unconstitutional . In that...more

Kerr Russell

Alabama Court Declares Corporate Transparency Act Unconstitutional

Kerr Russell on

On March 1, 2024, a federal district court in Alabama entered a final declaratory judgment, finding the Corporate Transparency Act (CTA) unconstitutional and enjoining the Department of the Treasury and Financial Crimes...more

Willcox & Savage

Federal District Court Rules Corporate Transparency Act Unconstitutional

Willcox & Savage on

On March, 1, 2024, the U.S. District Court for the Northern District of Alabama held that the federal Corporate Transparency Act (CTA) is unconstitutional. The plaintiffs in the case are the National Small Business...more

McGlinchey Stafford

Corporate Transparency Act Held Unconstitutional

McGlinchey Stafford on

The Corporate Transparency Act (CTA) is unconstitutional, according to a March 1, 2024, ruling by Judge Liles Burke of the U.S. District Court for the Northern District of Alabama. The National Small Business Association...more

Fox Rothschild LLP

Federal Judge in Alabama Rules Corporate Transparency Act Is Unconstitutional

Fox Rothschild LLP on

A federal judge in the U.S. District Court for the Northern District of Alabama recently ruled the Corporate Transparency Act (CTA) is unconstitutional. In an opinion issued March 1, 2024, Judge Liles Burke stated that it...more

Warner Norcross + Judd

Federal Court Found Corporate Transparency Act Unconstitutional. What Does this Mean for Entities Preparing to Comply?

On March 1, 2024, the U.S. District Court for the Northern District of Alabama held that the Corporate Transparency Act is unconstitutional. Specifically, the court found that enactment of the CTA could not be justified as an...more

Sherman & Howard L.L.C.

Corporate Transparency Act Ruled Unconstitutional

Late on Friday, March 1, 2024, a federal judge in the Northern District of Alabama ruled that the Corporate Transparency Act (“CTA”) is unconstitutional pursuant to a Motion for Summary Judgment. Under the CTA, entities...more

ArentFox Schiff

Corporate Transparency Act Is Unconstitutional, Says Federal Court

ArentFox Schiff on

A federal court recently ruled that the Corporate Transparency Act (CTA) is unconstitutional. In a lengthy opinion issued on March 1, the US District Court for the Northern District of Alabama explained that the CTA may be a...more

Lowenstein Sandler LLP

Don’t pop the champagne; the CTA isn’t dead ... yet.

On Friday, March 1, 2024, U.S. District Court Judge Liles Burke ruled that the Corporate Transparency Act (CTA) is unconstitutional because Congress exceeded its powers to regulate interstate commerce, oversee foreign affairs...more

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