Trump Administration Renews Fight for Corporate Transparency Act

A law requiring millions of American businesses to report information on their owners to the federal government would help protect national security and curtail billions of dollars in financial crime, Justice Department lawyers said.

The government lawyers defended the Corporate Transparency Act as a legitimate law enforcement measure in a Friday filing with the US Court of Appeals for the Fifth Circuit. The filing batted away constitutional concerns raised in a legal challenge from a Texas small business that argues the law unilaterally expands the government’s power into territory that has typically remained in the states.

The brief comes one ...