The Supreme Court has made its final ruling on the nationwide injunction against the Corporate Transparency Act.
That act includes reporting requirements designed to curb money laundering and fraud, but it has been widely criticized.
Justices will allow the government to enforce the CTA, ultimately lifting the nationwide injunction. However, a separate nationwide order issued by a Texas judge still remains in place. This means an estimated 230,000 farming operations are not yet required to submit their beneficial ownership information.
The act is still being reviewed by the Appeals Court, with oral arguments scheduled for March.
Related Stories
“No business person in the United States is going to hire people that are terrorists or criminals. So deporting them is going to have zero impact on the economy...”
“The clean-up process is going to be a very, very long time. It’s not going to take months; it’s going to take probably years, if not longer than that.”