US Asks Supreme Court to Unblock Corporate Transparency Act

The US Department of Justice asked the US Supreme Court to halt a nationwide injunction against the Corporate Transparency Act, a move that would allow enforcement of the anti-money laundering law during an appeal.

The US said the lower court injunction should be stayed since the high court traditionally applies a strong presumption in favor of allowing challenged acts of Congress to remain pending a final review, according to the application filed Tuesday.

The federal government is challenging a Dec. 3 injunction by a federal judge in Texas, who found that passing the anti-money laundering law overstepped Congress’ constitutional authority ...