The U.S. Department of the Treasury is seeking to quell concerns that the Corporate Transparency Act’s disclosure requirements may lead to more invasive government data collection. In a recent brief, the Treasury Department asked a Michigan federal judge to uphold the law as constitutional. The Act requires certain companies to report their beneficial owners to the Financial Crimes Enforcement Network (FinCEN), aiming to combat money laundering and other illicit activities. Legal professionals can find more detailed information on this developing story here.