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Supreme Court Lifts Corporate Transparency Act Injunction

(WASHINGTON D.C.) — Last week, the U.S. Supreme Court issued a decision to lift the injunction that temporarily halted enforcement of the Corporate Transparency Act’s reporting requirements.

In reaction, National Cattlemen’s Beef Association Executive Director of Government Affairs Kent Bacus shared NCBA’s disappointment with the decision. “Cattle producers across the country are disappointed in the Supreme Court ruling, which will allow the federal government to blanket family-owned farms and ranches in fresh red tape while subjecting millions of law-abiding small business owners to potential legal jeopardy,” Bacus said. “We urge President Trump and his administration to rescue millions of American small business owners from these burdensome reporting requirements and delay enforcement until a meaningful solution is found.”

The Court placed a previous injunction on hold that had been in place since December. Reuters says enforcing the law is still blocked and companies aren’t required to report the information resulting from a separate order issued on January 7 by a U.S. District Judge in Texas.

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