Larry Laubach is quoted in Forbes’ article discussing the latest attitude toward the Corporate Transparency Act (CTA). The CTA, which requires privately owned businesses to disclose their beneficial owners to the Treasury Department, was passed by a veto override during Trump's first term, then ruled constitutional by the 11th Circuit Court of Appeals in December 2025. It is currently being lightly enforced, following the Treasury's decision to limit its application to foreign companies. Republican members of Congress are now calling to repeal the law entirely via a bill called the Repealing Big Brother Overreach Act, which narrowly passed out of the House Financial Services Committee by a vote of 26 to 25.
Larry told Forbes that he has several clients who would be subject to CTA disclosures under the law as initially passed. Considering the one-vote margin, he is unsure that the repeal effort will gain enough momentum to reach Trump’s desk. “My sense is CTA is not high on the list of concerns that businesses have because, again, while Trump is president, I think people don’t think that these regs are changing,” said Larry.
To read more, click here.