NSBA Member Briefing on the CTA Lawsuit
Channel: NSBAAdvocate
Date: 2024-03-12

“A federal court has declared the CTA unconstitutional.  Rather than suspend enforcement of the CTA for all, FinCEN has declared “full speed ahead” on compliance for all but the plaintiffs in the case. When coupled with the fact that FinCEN put virtually no effort into informing the public about the obligations of small businesses under the CTA, FinCEN’s unwillingness to suspend enforcement shows a clear disregard of America’s small-business owners.

 FinCEN should immediately reverse course and suspend enforcement of the CTA for all until these issues are finally resolved.”

Learn more about NSBA's efforts to protect small business from this cumbersome law in this webinar and at: nsba.biz/cta