From the Community Association Institute’s (CAI) Webpage regarding The Corporate Transparency Act
CAI’s Lawsuit:
On September 10th, CAI filed a lawsuit against the U.S. Department of the Treasury, Secretary Janet Yellen, and the director of the Financial Crimes Enforcement Network, challenging the application of the Corporate Transparency Act on community associations. This action is being taken to protect our members from the burdensome and unnecessary requirements of the Corporate Transparency Act. Both the lawsuit complaint and motion for preliminary injunction can be found here:
See https://www.caionline.org/advocacy/advocacy-priorities-overview/corporate-transparency-act/
IMPORTANT DATES/FILINGS:
September 7, 2024- Lawsuit filed by CAI to Prevent Enforcement of the CTA
October 2, 2024- Brief in Opposition to Temporary Injunction filed by the Government
October 7, 2024- Brief in Support of Temporary Injunction filed by CAI
October 11, 2024- Hearing Date on the Motion for Preliminary Injunction
We will continue to keep you updated on developments in this important case.