Constitutional Challenges to the Corporate Transparency Act
The Corporate Transparency Act (CTA) faces constitutional challenges, primarily focusing on the Commerce Clause.
Opponents argue that forming an entity isn't inherently interstate commerce, citing the Affordable Care Act case.
The government contends that entity formation is economic activity, even locally, with potential interstate impact, citing a marijuana regulation case.
Other challenges involve First, Fourth, Fifth, Eighth, and Tenth Amendment violations, citing privacy concerns against national security needs.
The CTA, passed under the Trump administration, faces an uncertain future with a new Congress.
Lili Martin-Mashburn of Morris, Manning & Martin provides an update on where the Corporate Transparency Act stands in light of the recent litigation regarding its constitutionality.
** This episode is sponsored by the University of California Irvine School of Law Graduate Tax Program. For more information, visit law.uci.edu/gradtax.
*** Credits Host: David D. Stewart Executive Producers: Jasper B. Smith, Paige Jones Showrunner: Jordan Parrish Audio Engineers: Jordan Parrish, Peyton Rhodes
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode