US Appeals Order Halting Corporate Transparency Act Disclosures

The US government appealed a Texas federal judge’s nationwide preliminary injunction that halted enforcement of the Corporate Transparency Act.

Judge Amos L. Mazzant III of the US District Court for the Eastern District of Texas issued an order Dec. 3 calling the law “likely unconstitutional” and blocking the Treasury Department from enforcing it. The order came just weeks before the law’s original Jan. 1, 2025 deadline for existing US entities to file disclosures of their beneficial owners’ identities to the Financial Crimes Enforcement Network, prompting companies who hadn’t yet filed to breathe a sigh of relief.

Congress passed the ...