“The Association of American Physicians and Surgeons (“AAPS”) served a lawsuit on Oct 11, seeking to block the upcoming requirement that tens of millions Americans provide their personal information to federal agencies beginning Jan 1, 2025. The Corporate Transparency Act (CTA) imposes this new reporting requirement on more than 30 million entities such as small businesses, sports clubs, civic groups, and political organizations..
The CTA comprised only 21 pages, camouflaged among nearly 1,500 total pages in a rushed, end-of-year annual appropriation in 2020. With its threatened punishment of two years in federal jail, the CTA requires that tens of millions of ordinary, law-abiding Americans report their home addresses, birthdates, and driver’s license or similar personal identifying numbers to the federal Financial Crimes Enforcement Network (“FinCEN”), the Complaint states.”