The federal government is overreaching into a state rights issue and creating a massive database in violation of the commerce clause. State attorneys general in every state should be weighing in on this issue. Unfortunately, their silence is deafening.Every small business owner in America needs to make their voice heard on this issue, and lawyers who care about the future of this country should be lining up to represent them pro bono. CTA is the last nail in the coffin of what remains of the illusion of a “free market” economy in the United States. It is nothing more than a massive economic surveillance program with no discernable oversight.LawsuitsA federal judge in Alabama has already ruled this law unconstitutional, yet the federal government continues to move full speed ahead. The National Federation of Independent Business (NFIB) has an ongoing legal challenge against the U.S. government and the CTA. However, while a ruling bars the U.S. Treasury from enforcing the CTA against NFIB, it does not enjoin enforcement against others. The government has appealed the ruling.In another legal challenge from the National Small Business United (NSBU), the NSBU alleges that Congress exceeded its powers in requiring that small businesses report their beneficial ownership information to FinCEN. This battle could go all the way to the Supreme Court.
Both camps — Republicans and Democrats — need to weigh in on this before the November election. This is the most dangerous step the United States has ever taken towards nationalizing small private business ownership under a federal umbrella; a tactic long practiced and executed by Marxist governments. It’s time to stand up to this blatant attack on state’s rights that seeks to control and destroy the economic lifeblood of America.
New Law Forces Small Businesses To Cough Up Personal Data (thefederalist.com)