US Seeks Corporate Transparency Act Appeal Pause as Rule Updated

A national organization representing community associations should have to wait for final rules on implementing the Corporate Transparency Act before continuing its challenge to the law, the US Treasury Department told a federal appeals court.

Community Associations Institute and several of its members appealed after a lower court denied their request for a preliminary injunction in October, rejecting their claim that the law is unconstitutional because its disclosure requirements for state-law entities impede on states’ reserved powers. CAI asked the US Court of Appeals for the Fourth Circuit to back their injunction and shield its members from any reporting obligations. ...