Contributed Content: P. Cyrus Chin, Partner, Bradley

On December 3, 2024, in deciding the case Texas Top Cop Shop, Inc., et al. v. Garland, et al., the U.S. District Court for the Eastern District of Texas found the Corporate Transparency Act (CTA) to be unconstitutional. The Court granted a nationwide preliminary injunction against the U.S. Department of Treasury Financial Crimes Enforcement Network (FinCEN), at least temporarily blocking it from enforcing the provisions of the CTA, which requires certain businesses to report beneficial ownership information (BOI) to FinCEN. READ MORE>>