Lummis Files Supreme Court Brief to Protect Wyoming Small Businesses

January 13, 2025

WASHINGTON, D.C.-U.S. Senator Cynthia Lummis (R-WY) and Wyoming Secretary of State Chuck Gray jointly filed an amici curiae brief in the U.S. Supreme Court to block the implementation of the so-called Corporate Transparency Act and to protect Wyoming's small businesses from its business-crushing regulatory burden.

"The last thing business owners in Wyoming need after surviving four years of the Biden administration are more attacks on their small businesses, privacy and constitutional rights," said Lummis. "Small businesses are the backbone of the Cowboy State, yet the federal government's murky at best requirements are setting them up to fail, not thrive. I am partnering with Secretary Gray to defend our small businesses from this egregious overreach."

"I have been clear in my opposition to the CTA and its implementation, which is an unconstitutional intrusion hurting small business owners across our country, including Wyoming," said Gray. "It is up to all levels of government to push back against unconstitutional intrusions, and I want to thank Senator Lummis and her team for partnering with us on this very important issue, and I hope the Supreme Court continues to block enforcement of the CTA."

Wyoming is a leading jurisdiction for corporate formation, offering businesses a stable and predictable regulatory framework, a climate this statute makes difficult to maintain.

The statute requires the more than 32 million small businesses around the country to adhere to intrusive and unclear reporting requirements that most do not even know exist. This is especially punishing for businesses with fewer than 20 employees and $5 million or less in sales. Business owners who fail to comply, even unknowingly, could face up to $10,000 in civil penalties and/or criminal penalties with up to two years in prison.

A copy of the amicus brief can be found here.