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U.S. District Court for Maine Finds Beneficial Ownership Reporting Rule is Constitutional

|Approved Changes|United States
United States

The U.S. District Court for the District of Maine issued an order on 14 February 2025 in a case concerning whether the beneficial ownership reporting rule under the Corporate Transparency Act (CTA) is constitutional. The plaintiff in the case challenged the CTA on the sole ground that Congress lacked the power to enact it. In its order, the court ruled in favor of the government, concluding th…

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