1. United States
2. Texas
3. Letter

The nationwide injunction blocking enforcement of the anti-money laundering Corporate Transparency Act is deeply concerning. This bipartisan legislation was enacted to combat the use of anonymous shell companies for illicit financial activities like money laundering and tax evasion. Allowing companies to operate without disclosing their true beneficial owners creates avenues for criminals to exploit our financial system. A strong anti-money laundering regime is critical for maintaining the integrity of the U.S. economy and preventing it from being a haven for illegal funds. I urge you to appeal this court ruling and defend the Corporate Transparency Act. Anonymous corporate entities pose significant risks that undermine efforts to crack down on financial crimes. Shielding company ownership from law enforcement obstructs investigations and enables bad actors to operate in the shadows. This anti-corruption law enhances accountability and transparency in line with practices in other major economies. Preventing its implementation would be a step backward in combating money laundering and preserving a fair financial system. I hope you will take action to ensure this important legislative measure can be properly enforced nationwide.