On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit granted a stay of the district court’s preliminary injunction enjoining the Corporate Transparency Act (CTA) entered in the case of Texas Top Cop Shop,

The 5th Circuit has reinstated filing under the Corporate Transparency Act and FinCEN has extended the deadline until January 13, 2025. Urgent action is required.

Two challenges to the law requiring more than 30 million small- and medium-sized businesses to report ownership information are waiting appeals.

On December 23, 2024, the U.S. Fifth Circuit Court of Appeals issued an Order that served to stay the nationwide preliminary injunction in respect of CTA enforcement. In that ruling, the Fifth Circuit found the government met its burden to show that the nationwide injunction was not appropriate.