On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a preliminary injunction blocking the enforcement of the Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting requirements. These reports were due by December 31, 2024. This decision came from the case Texas Top Cop Shop, Inc., et al. v. Garland, et al., where the District Court ruled that the CTA’s requirements exceeded Congress’s authority and violated constitutional rights. This ruling is a victory for small businesses, as it temporarily halts the need to disclose detailed information about their beneficial owners to the Treasury Department. The injunction provides relief from what many small business owners viewed as an invasive and burdensome regulation. This injunction will be reviewed by the 5th Circuit Court of Appeals. It is likely that the Supreme Court will ultimately decide whether the CTA remains in effect.