Five Myths about the Corporate Transparency Act

Five Myths about the Corporate Transparency Act

Five Myths about the Corporate Transparency Act cnichols@hudson.org Tue, 02/11/2025 - 11:45 SVG Reports Feb 11, 2025 Hudson Institute Five Myths about the Corporate Transparency Act Nate Sibley Fellow and Director, Kleptocracy Initiative Nate Sibley Caption The United States Treasury Department building is seen in Washington, DC, on January 19, 2023. (Saul Loeb via Getty Images) Toggle Table of Contents Contents Contents Share to Twitter Twitt…

Enforcement of the Corporate Transparency Act May Resume

The DOJ has filed a notice of appeal and a motion to stay the injunction stopping the enforcement of the Corporate Transparency Act.

Trump Administration Continues Defense of Corporate Transparency Act, Indicates FinCEN’s Flexibility On Deadlines And Scope

As of our last client update on the Corporate Transparency Act (CTA) litigation (see CTA client alert), the U.S. Supreme Court, in an 8-1 ruling, lifted a nationwide injunction issued by a Texas trial court in Texas Top Cop Shop v. Bondi that had blocked CTA enforcement, but another nationwide injunction issued by another Texas trial court in Smith v. United States Department of the Treasury continued to stall CTA implementation. Now, the new Tr…

Latest CTA Twist: Trump Administration Will Defend Corporate Transparency Act, But May Reform It - Cokinos

The new Trump administration has taken its first public position on the Corporate Transparency Act (“CTA”). In what may come as a surprise to many critics of the CTA, the administration intends to defend the CTA against court challenges to its constitutionality. At the same time, however, the administration proposes to “assess its options” to reprioritize CTA reporting by focusing on higher-risk companies while providing relief to lower-risk com…

The Corporate Transparency Act Is an End-Around on Donor Privacy - People United For Privacy

A new report from People United for Privacy Foundation and National Taxpayers Union Foundation details hidden threats to nonprofit donor privacy in the Corporate Transparency Act (CTA). Recent weeks have seen a back-and-forth in federal courts on the constitutional status of the law, which was enacted as a rider to the National Defense Authorization Act in early 2021. While a national injunction prohibiting the Department of the Treasury from en…