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federal judge in Texas has instituted a nationwide injunction, halting the enforcement of the Corporate Transparency Act (CTA) and its associated reporting rule, which required “reporting companies” to submit reports to the Financial Crimes Enforcement Network (FinCEN) detailing the identity of each beneficial owner of the reporting company by January 1
025. In Texas Top Cop Shop, Inc., et al., v. Merrick Garland, Attorney General of the United States, et al., the plaintiffs challenged the constitutionality of the CTA. On December 3, 2024, the presiding judge issued a preliminary injunction, stopping the enforcement of the CTA and finding that the