Gary Kocher

Dec 5, 2024 | mondaq.com | Eric Feldman |David R. Fine |John Hagan |Gary Kocher

On 3 December 2024, Judge Amos Mazzant of the Eastern District of Texas issued a nationwide preliminary injunction with respect to the Corporate Transparency Act (CTA), enjoining enforcement of the CTA as well as the implementing Treasury regulations, and staying the 1 January 2025 reporting deadline until further order of the Court. In so holding, the Court found that the CTA and the implementing Treasury regulations are likely unconstitutional as beyond the bounds of Congress' power.