The second Trump administration threw a landmark anti-money laundering law into limbo in early 2025. Almost a year later, the fate of the Corporate Transparency Act is as clear as mud.
Congress passed CTA with bipartisan support in the final days of President Donald Trump’s first term. Just four years later, the Trump Treasury Department spiked the law’s implementation by announcing that a revamped, narrower rule would only focus on “foreign” companies and exempt American ones.