On 3 December 2024, the District Court granted a motion for a nationwide preliminary injunction preventing enforcement of part of the CTA requiring that businesses report ownership information about corporations in the US organized under state law (§5336), which the court ruled was likely unconstitutional (National Federation of Independent Business, Gulf Coast Business Law Blog, District Court Memorandum and Order, Cornell - 31 USC § 5336). For the purposes of this question, the reporting rule promulgated pursuant to the CTA is considered part of the reporting requirements (Code of Federal Regulations). A "pertinent US federal court" includes the District Court, any federal circuit court, and the US Supreme Court. A pertinent US federal court limiting the injunction from applying nationwide will count, and another federal court merely ruling to the contrary as to the CTA's constitutionality in a separate case alone will not count.

Confused? Check our FAQ or ask us for help. To learn more about Good Judgment and Superforecasting, click here.

To learn more about how you can become a Superforecaster, see here. For other posts from our Insights blog, click here.