Justice Department Asks Supreme Court to Reinstate Beneficial Ownership Reporting Rule

The Corporate Transparency Act reporting provision was blocked by the Fifth Circuit on Dec. 26 while the litigation works its way through the lower courts.

The U.S. Department of Justice in Washington, on June 20, 2023. Kevin Dietsch/Getty Images

The Department of Justice (DOJ) asked the U.S. Supreme Court on Dec. 31, 2024, for an emergency order resurrecting a federal anti-money laundering law that lower courts blocked weeks earlier.

The statute, known as the federal Corporate Transparency Act (CTA), required millions of business entities to file information returns about their owners by Jan. 1, 2025.