Justices Asked to Keep Corporate Transparency Act Block in Place

The US Supreme Court should preserve a Fifth Circuit injunction that blocks certain ownership reporting requirements under the Corporate Transparency Act, otherwise tens of millions of businesses could face expensive compliance burdens, companies said Friday.

A lawsuit initiated by firearms retailer Texas Top Cop Shop Inc. and other entities over the CTA’s reporting requirements led to a nationwide injunction by the US Court of Appeals for the Fifth Circuit until it determines the constitutionality of the law. Texas Top Cop Shop asked the justices to deny the government’s request to the Supreme Court to suspend the injunction.

The entities said ...