The law requires potentially millions of local businesses to disclose their “beneficial owners,” or anyone with at least a 25% interest or who controls the business, to a federal regulator.
The Corporate Transparency Act, which requires businesses to disclose ownership information, was blocked by a federal judge as beyond Congress’s authority.
The Supreme Court on Thursday agreed to reinstate a federal anti-money laundering law at the federal government’s request as a legal challenge proceeds in a lower court. The court’s ...