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NFIB Weekly News
Fifth Circuit Reverses Course, Blocks Government Enforcement of Burdensome Beneficial Ownership Reporting For Small Businesses (12/27/2024)
WASHINGTON, D.C. (Dec. 27, 2024) – The National Federation of Independent Business (NFIB) applauds the new decision by the U.S. Court of Appeals for the Fifth Circuit in NFIB’s lawsuit challenging the Corporate Transparency Act (CTA), Texas Top Cop Shop, Inc., et al. v. Garland, et al. The court’s latest decision reinstates the nationwide injunction, blocking the burdensome beneficial ownership information (BOI) reporting requirements for small businesses while the court fully considers the government’s appeal. It also nullifies a previous Fifth Circuit order that allowed the government to begin enforcing the CTA and BOI reporting requirements again.
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