Corporate Transparency Act Challengers Seek Quick Court Victory

The Corporate Transparency Act is unconstitutional even if the government is still formulating rules around its enactment, two plaintiffs told a federal court in Texas in a bid for summary judgment.

Challengers Samantha Smith and Robert Means on Wednesday sought a pre-trial victory at the district court, one day after the Fifth Circuit said appeal proceedings in the case ought to be held in abeyance while notice-and-comment rulemaking procedures play out.

Even if the government is formulating rules for enforcing the act, there “are no factual disputes, and the core legal issues remain unchanged from the parties’ briefing on preliminary ...