Corporate Transparency Act Challengers Assail Law in New Filing

The Corporate Transparency Act, which would require millions of American businesses to report information on their beneficial owners, is both onerous and unconstitutional, two small business owners told a federal judge in Texas.

In a brief filed Friday with the US District Court for the Eastern District of Texas, Samantha Smith and Robert Means said the CTA “marks a sweeping expansion of federal authority into matters traditionally reserved to the states.” They asked the judge to keep in place an earlier order preventing the federal government from enforcing the law while a separate case is heard in the US Court ...