US Appellate Court Finds Corporate Transparency Law Constitutional

US appellate court finds corporate transparency law constitutional

A US federal appellate court on Tuesday upheld a 2019 law that requires certain corporations to disclose ownership information to the Treasury Department, reversing a lower court opinion that found the law unconstitutional. “We believe that, by effectively prohibiting anonymous business dealings, the [Corporate Transparency Act] facially regulates economic activities having a substantial aggregate impact on interstate commerce,” the court wrote.…

AAF Expresses Disappointment in 11th Circuit Decision Upholding Big Brother Corporate Transparency Act - Advancing American Freedom

Advancing American Freedom is disappointed in the 11th Circuit’s decision in National Small Business United v. Department of Treasury. The court held that the Corporate Transparency Act (CTA), a law that requires millions of corporations to report and update information about their ownership to the federal government, is within Congress’s power to regulate interstate commerce. For decades, with the approval of the Supreme Court, Congress has far…

Corporate Transparency Act Reinstated by the 11th Circuit

The Eleventh Circuit Tuesday lifted a longstanding court order blocking the US Treasury Department from enforcing the Corporate Transparency Act against companies that were members of the National Small Business Association.The act—which requires companies to report their beneficial owners to the Treasury Department’s Financial Crimes Enforcement Network—”facially regulates economic activity,” the US Court of Appeals for the Eleventh Circuit sai…