U.S. House of Representatives Passes Extension of CTA Deadline to January 1, 2026

By Richard S. Ekimoto, Esq.

Yesterday, the U.S. House of Representatives passed the Protect Small Business from Excessive Paperwork Act of 2025 (H.R. 736) which extends the deadline for filing a BOI Report to January 1, 2026. The bill now will be sent to the U.S. Senate for consideration. If passed by the U.S. Senate without amendment, the bill would be sent to the President for signature or veto.

As noted in our recent post, the BOI Reporting requirement is still on hold and FinCen has proposed a 30 day review of the CTA to determine whether possible changes to the law are necessary to remove low-risk reporting companies from the BOI Reporting requirement.

Community associations that have not filed their BOI Report should hold off on filing for now until FinCen conducts it review of the law. In addition, there is a possibility that Congress will amended the CTA to change the deadline.