Congress extends deadline to Jan. 1, 2026 for ownership reporting by companies formed before 2024
The House passed this bill in February 2025, and it is now waiting for the Senate to take action. The bill has been stalled with no recorded activity for 16 months since June 2025. It is unlikely to move forward because the Senate has not scheduled it for a vote.
No action since February 2025
How this policy affects specific groups of people
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 408 - 0 (Roll no. 37). (text: CR H599)
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 408 - 0 (Roll no. 37). (text: CR H599)
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
Considered as unfinished business. (consideration: CR H606)
On Motion to Suspend the Rules and Pass
Covers the House passage of H.R. 736 and explains it would extend the CTA beneficial ownership information (BOI) deadline to Jan. 1, 2026 for companies formed before Jan. 1, 2024.
Reports ABA endorsement of the Protect Small Businesses from Excessive Paperwork Act (H.R. 736) after the House vote, highlighting the one-year extension to Jan. 1, 2026.
Explains the shifting legal landscape around CTA/BOI reporting; provides context for why Congress pursued deadline relief efforts like the paperwork-deadline extension bill.
Document Type
Congressional Bill
Official Title
Protect Small Businesses from Excessive Paperwork Act of 2025
Analysis generated by AI. Always verify with official sources.