A Texas court just enacted a nationwide injunction on this.<p><a href="https://www.texasattorneygeneral.gov/news/releases/nationwide-injunction-blocks-unconstitutional-law-imposed-massive-costs-small-businesses" rel="nofollow">https://www.texasattorneygeneral.gov/news/releases/nationwid...</a>
This was suspended by a federal judge.<p>It's likely to end up becoming law eventually. The requirements of this rule are not burdensome and they are directly related to the laws that FinCEN was created to enforce.<p>Also, we have information exchange treaties with multiple countries that require us to collect some of this information. We haven't been upholding our end of those treaties and this law was intended to bring us toward compliance.
Does anyone have a real link to this? The current link just takes you to a random government site with zero information specific to a rule that you "must file new report" etc.