Corporate Transparency Act (CTA) Declared Unconstitutional!

On March 1, 2024, a federal district court in the Northern District of Alabama entered a final declaratory judgment, and ruled that the Corporate Transparency Act (CTA) exceeds the limits on Congress’s power provided under Article I of the Constitution. Further, the court enjoined the Department of the Treasury and FinCEN from enforcing the Corporate Transparency Act against the plaintiffs. The plaintiffs are Isaac Winkles, reporting companies for which Isaac Winkles is the beneficial owner or applicant, the National Small Business Association, and members of the National Small Business Association (as of March 1, 2024).
This ruling doesn't apply to any person or entity other than those plaintiffs.
Regardless of your view on the CTA, this isn't the end. There will be an appeal to the 11th Circuit Court of Appeals, and then an appeal by the losing party there to the Supreme Court.

[@strohmeyerlawpllc]

The audio isn't as good as normal because I'm doing a quick update while I'm away from home. I wanted to get this update out rather than wait until I get back. Regardless of your view on the CTA, this isn't the end--more appeals are coming, and this ruling only applies to the plaintiffs in this case.

[@6laquemoon]

thank you!

[@strohmeyerlawpllc]

You're welcome!

[@misssands3764]

Great video, but why are you inclined to preface Alabama's Supreme Court as an entity that would rule favorably for the plaintiffs against the CTA?

[@strohmeyerlawpllc]

Traditionally, judges appointed to the federal judiciary are chosen by the elected representatives and Senators from that state. So, they tend to reflect the local politics. This is why cases seeking to advance right-wing issues are typically brought in right-leaning states, and cases seeking to advance left-wing issues are typically brought in left-leaning states. If a Plaintiff has options where to bring a case, then they can and should choose where their case is most likely to be successful. Thus, they chose the Federal District Court in Alabama.