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.
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“Now, we don’t know if income is dependent on a trade issue, and extra payment or disaster... or any number of things that we used to not have as high on the list of potential problems.”
“We raise one-third of the total U.S. pigs raised here come from Iowa. So, one out of every three pigs is raised right here in Iowa.”
