Mar. 1: Federal District Court finds Corporate Transparency Act unconstitutional.

On March 1, 2024, the US District Court for the Northern District of Alabama, in NSBU v. Yellen, entered a final declaratory judgment finding the CTA unconstitutional, as exceeding constitutional limits on Congress’s power, and permanently enjoined enforcement of the CTA against the plaintiffs in the case.

Judge Strikes Down Law Requiring Corporate-Ownership Disclosure – A U.S. District Judge in Alabama sided with a small business group, saying the Corporate Transparency Act was unconstitutional, The Wall Street Journal, March 4, 2024.

Memorandum Opinion, NSBU v. Yellen, 721 F. Supp. 3d 1260, 1271 (N.D. Ala. 2024).