Authored by: Eli Han , Lucia Chen and Chuyi Sheng
On February 18, 2025, the U.S. District Court for the Eastern District of Texas, in Smith, et al. v. U.S. Department of the Treasury, et al., 6:24-cv-00336 (E.D. Tex.), stayed its own January 7, 2025 order that stayed FinCEN’s regulations implementing the beneficial ownership information (“BOI”) reporting requirements under the Corporate Transparency Act. As a result of this recent order, BOI reporting requirements are now back in effect. Please refer to our previous client alert on the BOI reporting requirements at Client Alert: FinCEN’s Beneficial Ownership Reporting Rule.