The US government’s decision to not enforce the Corporate Transparency Act against citizens or domestic companies should be fatal to a pending constitutional challenge against the law, it told the Fifth Circuit.
The Treasury Department will refrain from issuing penalties or fines against US citizens or the beneficial owners of domestic reporting companies and will issue a new beneficial ownership reporting rule that exempts US businesses from needing to make disclosures, Secretary
The policy change exempted millions of US businesses from needing to disclose their ownership before a March 21 deadline, ...