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
According to the USDA Outlook Board, margins could improve for producers depending on a decrease in cases of High-Path Avian Flu (HPAI).
Chaley Harney, Executive Director of the Montana Beef Council, and Jonna Jones, Director of Marketing for Wentana, LLC, say it’s a great time for both cattle producers and beef consumers to celebrate one of America’s favorite proteins.
