Senate Joins CTA Relief Effort
More good news on the CTA front. Fresh on the heels of the House Financial Services Committee advancing CTA relief, the Senate has stepped up with legislation of its own. Senators John Kennedy (R-LA) and ...
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House Panel Moves CTA Relief
As we previewed recently, the House Financial Services Committee yesterday advanced legislation that would repeal the Corporate Transparency Act’s reporting requirements for over 30 million American businesses. The measure – as amended and approved by ...
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Full Court Press on CTA
Today’s piece by the Washington Post Editorial Board is a helpful reminder that while the Corporate Transparency Act has been knocked down in the past year, the fight continues. As the Post summarizes, the CTA ...
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Finish the Job on CTA
Earlier today, more than 100 trade associations urged Treasury to take immediate action to protect small business owners from unnecessary privacy and cybersecurity risks stemming from the Corporate Transparency Act (CTA). The letter was led ...
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CTA Setback
Breaking news from the Eleventh Circuit Court of Appeals. In a 3-0 decision issued this morning, a three-judge panel reversed our landmark district court ruling that the Corporate Transparency Act (CTA) was unconstitutional. Readers will ...
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Carol Roth Pushes CTA Database Purge
Carol Roth’s latest column in The Blaze makes a powerful case for finishing the job on the Corporate Transparency Act (CTA): both repealing the law outright and purging the massive database of sensitive ownership information ...
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House Hearing on CTA Regs, Database Purge
Earlier this week we covered the latest effort in Congress to make things right when it comes to the Corporate Transparency Act. That starts with deleting the beneficial owner database that’s not just unnecessary but ...
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Purging the CTA Database
Couple important developments to report on the Corporate Transparency Act front. First, around 90 members of Congress yesterday sent a letter to Treasury Secretary Scott Bessent urging that the CTA database be purged entirely. It ...
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The Assault on Privacy Continues
Treasury’s rollback of the wildly overbroad Corporate Transparency Act (CTA) reporting requirements was a major step in protecting the privacy of Main Street business owners, but it’s not the only threat out there. New mandatory ...
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Committee Reviews CTA’s Future
Earlier today a House Financial Services subcommittee held a hearing entitled, “Following the Money: Tools and Techniques to Combat Fraud.” The hearing covered many topics, but the conversation returned time and again to the awful ...
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Main Street Cheers CTA Relief
Treasury last week made good on its promise to deliver much-needed relief from the Corporate Transparency Act, a move that did not go unnoticed by the Main Street business community. In a letter sent earlier ...
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FinCEN Releases CTA Relief Rule
More good news on the battle over privacy. Treasury’s Financial Crimes Enforcement Network on Friday released the following statement: [T]he Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement ...
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Privacy Fight in Australia, Courts Continues
The actions by the new Administration last week to curtail reporting under the Corporate Transparency Act were a huge victory for millions of Main Street businesses, but they were by no means the final word ...
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Treasury Expands CTA Relief
The millions of businesses that rode out the recent roller-coaster of court rulings and chose not to file their CTA reports to date should be feeling pretty good right now. Fresh on the heels of ...
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Treasury Pauses CTA Enforcement!
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced yesterday that it is ceasing enforcement of the Corporate Transparency Act (CTA) while it crafts a new set of regulations that will ultimately narrow the scope ...
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Is There a Silver Lining in the CTA Cloud?
Yesterday’s District Court decision lifting the injunction against the Corporate Transparency Act (CTA) is a setback for Main Street. The Texas court lifted the second and only remaining injunction blocking filing under the CTA, again ...
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CTA Update | February 11, 2025
Notable Developments Smith ruling appealed FinCEN promises relief amid shifting legal landscape NFIB files amicus brief Delay bill sails through House * * * Smith Ruling Appealed On February 5, the DOJ filed a notice ...
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Main Street Asks Treasury for CTA Relief
Over 120 trade associations today called on the Treasury Department to offer Main Street some relief and certainty by delaying the CTA through at least the end of this year. As the letter sent to ...
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