Supreme Court Lifts Fifth Circuit’s Corporate Transparency Act Injunction; Second District Court Enjoins Beneficial Ownership Reporting Rule and Requirements Remain Fluid -
On January 23, 2025, the U.S. Supreme Court granted the Department of Justice’s application for stay and lifted a Fifth Circuit Court of Appeals injunction that had blocked enforcement of the Corporate Transparency Act’s beneficial ownership reporting requirement for nearly a month. However, on January 7, a second U.S. district court in Texas enjoined the reporting rule in Smith v. U.S. Department of the Treasury.
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