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
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Smith Ruling Appealed
On February 5, the DOJ filed a notice of appeal of a District Court’s ruling in Smith v Treasury, the case that led FinCEN last month to once again pause data collection under the CTA. However, the government also asked the appellate court to stay the nationwide injunction against the CTA’s reporting requirements pending a ruling in the case, meaning the current pause could be undone by the courts at any point.
Main Street businesses had hoped …
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