National Small Business Unitedv.U.S. Department of the Treasury
CourtUnited States Court of Appeals for the Eleventh Circuit
Docket No.24-10736
DecidedDecember 16, 2025
Reporter134 F.4th 1121 (11th Cir. 2025)
JudgesEleventh Circuit panel; see published opinion.
Tags
CivilConstitutional LawCorporate Transparency ActCommerce ClauseEnumerated PowersBeneficial-Ownership ReportingFacial ChallengeInjunction
Case Summary
The Corporate Transparency Act requires covered companies to report their beneficial owners to the Treasury Department to combat money laundering and other financial crimes. National Small Business United and Isaac Winkles argued that the mandate exceeded Congress’s commerce power and violated the Fourth Amendment. The Eleventh Circuit held that the reporting requirement regulates economic activity sufficiently connected to interstate commerce and is a reasonable, uniform administrative demand for limited information; it reversed the district court’s judgment and remanded.
Opinion
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