Alabama Judge Rules Biden Treasury Department’s Reporting Mandate on Corporates Is Unconstitutional | Joe Hoft


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Alabama Judge Rules Biden Treasury Department’s Reporting Mandate on Corporates Is Unconstitutional

Judge Liles Burke

A judge in Alabama is sticking to the US Constitution.  Biden’s reporting requirement on Corporates is unconstitutional. 

The New York Times reports:

In a blow to government efforts to combat money laundering, a federal court has ruled that the Treasury Department cannot require some small businesses to report personal details about their owners.

Under a section of a 2020 law that took effect Jan. 1, small businesses must share details about their so-called beneficial owners, individuals who hold financial stakes in a company or have significant power over their business decisions. The law, the Corporate Transparency Act, passed with bipartisan support in Congress and was intended to help the Treasury Department’s financial-crimes division identify money launderers who hide behind shell corporations.

But in a ruling issued late Friday, Judge Liles C. Burke of the U.S. District Court in Huntsville, Ala., sided with critics of the law. They argue that asking a company’s owners to present personal data — names, addresses and copies of their identification documents — was a case of congressional overreach, however well intended.

“Congress sometimes enacts smart laws that violate the Constitution,” Judge Burke wrote in a 53-page filing. “This case, which concerns the constitutionality of the Corporate Transparency Act, illustrates that principle.”

The CTA was described by the US Chamber of Commerce as follows:

Enacted in 2021, the CTA aims to combat illicit activity including tax fraud, money laundering, and financing for terrorism by capturing more ownership information for specific U.S. businesses operating in or accessing the country’s market. Under the new legislation, businesses that meet certain criteria must submit a Beneficial Ownership Information (BOI) Report to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), providing details identifying individuals who are associated with the reporting company.

The CTA was established to prevent individuals with malicious intent from hiding or benefitting from the ownership of their U.S. entities to facilitate illegal operations which, according to Congress, is a widely-used tactic that affects national security and economic integrity.

However, the law was a clear infringement on rights where the corrupt and tyrannical federal government was after personal information on corporates that they had no constitutional right to acquire.

Good for Judge Burke for standing up against another attack on the hard working Americans that make our country great.


1 thought on “Alabama Judge Rules Biden Treasury Department’s Reporting Mandate on Corporates Is Unconstitutional”

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