NFIB Disappointed with U.S. Supreme Court Decision on BOI Reporting
NFIB Disappointed with U.S. Supreme Court Decision on BOI Reporting
January 23, 2025
Supreme Court lifts preliminary injunction that had blocked Beneficial Ownership reporting
WASHINGTON, D.C. (Jan. 23, 2025) – The National Federation of Independent Business (NFIB) is disappointed by today’s decision at the U.S. Supreme Court in NFIB’s lawsuit challenging the Corporate Transparency Act (CTA), Texas Top Cop Shop, Inc., et al. v. Garland, et al. Following the decision by the U.S. District Court for the Eastern District of Texas, which blocked enforcement of the Beneficial Ownership Information (BOI) reporting requirements, and subsequent appellate decisions which ultimately upheld that order, the U.S. Department of Justice (DOJ) asked the U.S. Supreme Court to reinstate the law. Unfortunately, the Supreme Court granted the government’s request.
“Today’s decision is a setback for small business,” said Beth Milito, Vice President and Executive Director of NFIB’s Small Business Legal Center. “Hopefully, Treasury recognizes the chaos that will ensue by requiring 32 million small businesses to imminently file their BOI information while the constitutionality of the reporting requirements is determined. As the next steps become clear, NFIB will inform small businesses on how to proceed.”
While the Supreme Court has reinstated the CTA, NFIB’s lawsuit is still ongoing. The lower federal courts must still decide the merits of the CTA’s constitutionality. In the meantime, Congress can pass the Repealing Big Brother Overreach Act, legislation that would repeal the CTA and permanently relieve small businesses of the beneficial ownership requirements.
NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
Related Articles



