National Small Business United, dba National Small Business Association, et al., Petitioners v. Scott Bessent, Secretary of the Treasury, et al.

The petitioners challenge the Corporate Transparency Act, which requires many companies created under state law to report information about their beneficial owners to the federal government. They argue that Congress lacked constitutional power to impose the requirement and that it violates the Fourth Amendment; the Eleventh Circuit upheld the law.

The case has not been scheduled for oral argument. Petitioners argue that a company's mere potential to engage in commerce does not give Congress power to require these reports, while the Eleventh Circuit upheld the law.

The law affects many state-created businesses, including small companies that must identify people who own or control them. The case could determine whether federal reporting rules can apply based on a company's existence under state law, even before it engages in economic activity.

The case asks whether Congress can require many state-created companies to report beneficial-owner information to the federal government.

Many state-created businesses, including small companies, could be affected because they may have to identify people who own or control them.

The Court may take another scheduling action, including action on whether to hear the case. No oral argument has been scheduled.