Supreme Court Reinstates

The U.S. Supreme Court agreed to reinstate a federal anti-money laundering law at the request of the federal government while a legal challenge continues in a lower court.

The court’s emergency stay temporarily halts a federal judge’s injunction that had blocked the Corporate Transparency Act (CTA), which mandates that millions of business entities disclose personal information about their owners, noting that Justice Ketanji Brown Jackson was the lone dissenter.

Late last month, the Biden-era Justice Department requested the high court’s intervention, and the court issued its ruling just three days after President Trump’s inauguration. While Trump’s Justice Department did not withdraw the application, he had opposed the new law during his first term in office.

Passed as part of the annual defense bill in early 2021, the Corporate Transparency Act (CTA) requires millions of small business owners to provide personal information, such as dates of birth and addresses, to the Financial Crimes Enforcement Network, which aims to combat money laundering and other crimes, the report continued.

The dispute has drawn significant attention from business groups and anti-regulatory advocates, who are working to delay the impending deadline, the outlet added.

Related Posts

Jennifer Lopez Sparks New Rumors as She Steps Out With a Mysterious Man Amid Divorce from Ben Affleck

Jennifer Lopez, 54, is no stranger to the spotlight, and her recent outing in London has sparked fresh buzz. The multi-talented singer and actress was spotted looking…

I Let a Homeless Woman Stay in My Garage, but One Day, I Walked in Without Knocking & Was Stunned by What She Was Doing

When a wealthy, emotionally distant man offers shelter to Lexi, a homeless woman, he’s drawn to her resilience. Their unlikely bond begins to grow — until the…

30 minutes ago in Chicago, “America’s Got Talent” Howie Mandel, he has been confirmed as…

Michael Mandel (born November 29, 1955)[1] is a Canadian comedian, television personality, actor, and producer. Mandel is known for voicing Gizmo in the 1984 film Gremlins and…

You HAVE to see this, A 13 year old girl with a frizzy bob walked onto The X Factor USA stage, and when Simon Cowell asked what song she would be singing, she simply smiled and said, Its a surprise, What happened next left everyone in SHOCK

At just 13 years old, Rachel Crow stepped onto The X Factor USA stage with an adorable frizzy bob, a shy smile, and a voice that would…

Trump Hits Record Approval Rating as Polls Reveal

Recent polling data has revealed that President Donald Trump’s job approval rating has surged to a new high of 55% among registered voters. A survey conducted by…

My husband started to smell really bad…

My husband began to emit a rather unpleasant odor—an overwhelming stench, to be precise. Concerned, I scheduled an appointment for him with the urologist and chose to…

Leave a Reply

Your email address will not be published. Required fields are marked *