ASAToday for July 3rd, 2025

Corporate Transparency Act Compliance Reinstated! The nationwide injunction prohibiting enforcement of the Corporate Transparency Act (CTA) has been stayed; meaning, FinCEN will resume enforcement of the required beneficial ownership information (BOI) filings. Simply put, the CTA filing requirements are reinstated. FinCEN has issued a notice that reset the filing deadline for most companies to March…

This Week in Congress This week, the House is in recess and the Senate voted on the nominations of Howard Lutnick for Secretary of Commerce, Kelly Loeffler to lead the Small Business Administration, Kash Patel for FBI Director, and Jamieson Greer to be the United States Trade Representative, along with votes on a budget resolution….

            Last Wednesday, House Republicans released their budget resolution. The measure proposes raising the debt ceiling by $4 trillion, authorizing committees to increase the deficit by $4.5 trillion over ten years to accommodate tax cuts, mandating at least $1.5 trillion in spending cuts, and requiring a $300 billion increase in expenditures on defense, immigration enforcement,…