The Supreme Court declined to hear NSBA’s challenge to the Corporate Transparency Act, leaving its constitutional questions unresolved. While Treasury has eliminated reporting requirements for U.S. businesses, NSBA continues to push for repeal to ensure lasting relief.
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OCT. 07, 2026 | On Monday, Oct. 5, the U.S. Supreme Court (SCOTUS) denied NSBA’s petition for certiorari (cert) to take up its lawsuit against the U.S. Department of Treasury (Treasury) over the constitutionality of the Corporate Transparency Act (CTA).
While this is an unfortunate result, it is not altogether surprising, particularly given there are a handful of other lawsuits filed after NSBA petition still making their way through the court system.
Fortunately, in August, Treasury issued a final rule effectively dismantling Beneficial Ownership Information (BOI) reporting requirements passed under the CTA. In addition to eliminating the BOI requirements, the final rule also directs Treasury's Financial Crimes Enforcement Network (FinCEN) to delete all previously reported information from its database.
However, the CTA remains an ongoing concern for America’s small businesses because, as we’ve repeatedly seen, winds can change, and regulatory declarations can easily be reversed. The CTA is still the law of the land, and, while small businesses have a reprieve for now, unless Congress acts to repeal the CTA or SCOTUS rules on a subsequent lawsuit, small businesses have no guarantee the CTA won’t rear its ugly head again.
Please take a few moments TODAY to urge your lawmakers to support repeal of the CTA.
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Access NSBA’s CTA Resource Page.