CTA National Update

The U.S. Supreme Court granted a stay on the nationwide injunction against the Corporate Transparency Act (CTA), but a separate Texas court order still pauses reporting requirements, meaning companies are not currently required to file beneficial ownership information. FinCEN confirmed that while reporting is paused, companies may still voluntarily submit reports. The CAI is tracking court developments, urging the Treasury Department to delay enforcement due to legal confusion. The legal battle continues, with the Fifth Circuit upholding an injunction and CAI filing amicus briefs to support the pause on enforcement.

Source: CAI