The Treasury Department Cannot Require Small Business Owners to Report Details on Owners

The Treasury Department Cannot Require Small Business Owners to Report Details on Owners

ABC News

U.S. District Judge Liles C. Burke decided that the Corporate Transparency Act is unconstitutional on the grounds that Congress exceeded its powers in enacting the law. The National Small Business Association filed suit in November 2022 to block the requirement that tens of millions of small businesses register with the government as part of an effort to prevent criminal abuse of anonymous shell companies.

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