The Corporate Transparency Act (CTA) continues to face legal and regulatory uncertainty. While the U.S. Supreme Court recently reinstated the law, a separate federal injunction is preventing FinCEN from enforcing its reporting requirements—for now. Meanwhile, the National Lumber and Building Material Dealers Association (NLBMDA) is actively advocating for a delay. 

What’s Happening?
On January 23, 2025, the U.S. Supreme Court lifted a nationwide injunction, effectively reinstating the CTA's reporting requirements. However, a separate federal case has halted FinCEN from requiring businesses to file their beneficial ownership information at this time.

Advocacy for a Delay
To address ongoing uncertainty, NLBMDA has sent a letter to the White House urging an indefinite delay until all legal challenges are resolved. This effort underscores the association's commitment to protecting small businesses from potentially burdensome regulations.

Stay Informed
For a complete timeline of updates, check out our previous articles:

• Feb. 20, 2025 – Nationwide Corporate Transparency Act Injunction Stayed, FinCEN Sets March 21st, 2025, Reporting Deadline
  
• Jan. 29, 2025 – NLBMDA Sends Letter to White House to Urge Corporate Transparency Act Delay
• Jan. 18, 2025 – FinCEN Continues to Halt Corporate Transparency Act Reporting Requirement Following SCOTUS Ruling
• Jan. 12, 2025 – SCOTUS Reinstates Corporate Transparency Act
• Jan. 5, 2025 – Corporate Transparency Act Repeal Bill Reintroduced in 119th Congress
• Nov. 20, 2024 – CTA Filing Required? Nope. Maybe. Stay Tuned!
• Oct. 4, 2024 – Corporate Transparency Act on Hold… For Now!
• July 24, 2024 – Corporate Transparency Act & Beneficial Ownership Filing: Do You Need to File?

We will continue monitoring these developments and provide updates as they unfold. If you have questions, feel free to reach out to our team.