Stop the Presses. CTA Enjoined Nationwide.
Hear ye! Hear Ye! Stop the presses! Remember my posts about the new BOIA reports that must be filed by January 1st, 2025, under $500 a day penalites? The Act has been temporarily enjoined, nationwide, by a Federal Judge in Eastern Texas. For the time being, the deadline pressure is off. However, keep up to date on this one, as it may not be permanent. I am advising clients to continue to comply, even though it is probably unconstitutional. It is pretty simple, and the goal of the statute, to keep foreign interests from controlling assets in the U.S. without our knowledge, is a valid one. Use your own judgment, and keep informed; but for now, relax.
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