Corporate Transparency Act

CAI petition for preliminary junction was denied.

Disappointing but not a surprise.

Attorney at webinar today said once info is submitted to federal government it can’t be deleted. Also maybe change your election rules do candidates acknowledge they could be subject yo this law.

We probably should do this. But our current board may have to die in office since we've had trouble finding new volunteers from the beginning.

I joined CAI since I figured (correctly) that they would file a lawsuit, and you need to be a member in order to be covered by the suit. Even if it goes nowhere, I'm still getting my money's worth of useful information.

(FWIW, I firmly disagree that the information "can't be deleted". It can indeed if the government chooses to do this and designs their systems accordingly. It isn't "can't" - it's "won't".)

But it can affect owners who aren't on the boards, particularly in condo associations that often have a hard time filling all of the board positions. The last thing we need is another reason - and a compelling one - not to volunteer. In fact, the text of the lawsuit included statements from a number of owners who said that they either will not volunteer and/or they feared that their association would be going into receivership as a result.

Unfortunately the courts that would have to deal with all of the petitions for receivership are not the ones hearing this lawsuit, so the federal court lacks this added incentive to get on with this.

It's unfortunate this is an election year, because I think lawmakers' attention has been elsewhere. Perhaps they would have moved legislative solutions to the front burner otherwise.

The issue for some isn't the fact that our government already knows everything. It's the fact that information gathered under the CTA will be shared with global law enforcement bodies (ie. "whomever we want to share with"). And these foreign bodies will have different ideas about civil rights and constitutional protections.

We're at least in theory protected by our constitution from US law enforcement overstepping (in practice, maybe not so much). But all bets are off if another country believes you've committed a crime in their country. In such a case their laws prevail. Given the global nature of telecommunications, that's worrisome. (Oddly enough I'm less worried about the European Union than I am about the US, since the EU is more likely than the US to put the rights of their citizens ahead of corporate interests.)

Just because you're not paranoid doesn't mean they're not out to get you.