Skip to content
Congress·Passed House·about 1 year ago

Congress extends deadline to Jan. 1, 2026 for ownership reporting by companies formed before 2024

Also known as: Protect Small Businesses from Excessive Paperwork Act of 2025

Legislative Progress

✓ Filed
✓ Review
✓ House
Senate
President

Impacts

Mixed Impacts(3)
Small Business Owner
Neutral
Gig Worker
Neutral
Retiree
Neutral

Key Points

  • Congress sets a new deadline of January 1, 2026 for certain business ownership reports.
  • This applies to companies that were formed or registered before January 1, 2024.
  • The change gives older, already-existing businesses more time to file required ownership information.
  • If you run a small company, this could mean less paperwork pressure in the short term and more time to gather documents.
Small BusinessConsumer ProtectionEconomy

Milestones

3 milestones11 actions
Feb 11, 2025Senate

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Feb 10, 2025House

Motion to reconsider laid on the table Agreed to without objection.

Feb 10, 2025House

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)

Feb 10, 2025

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)

Feb 10, 2025House

Considered as unfinished business. (consideration: CR H606)

What Happens Next

Projected impacts based on AI analysis

2026-01-01

The filing deadline for covered older companies becomes January 1, 2026.

If you own a company formed or registered before January 1, 2024 and it must report beneficial ownership information, you would need to file by January 1, 2026 to be on time under this change.

Vote Results

1 vote
HousePassedProceduralFeb 10, 2025

On Motion to Suspend the Rules and Pass

408
0
Democrat
201 – 0 · 14
Republican
207 – 0 · 11
View full roll call

Related News

4 articles
NYSSCPA – The Trusted Professional·about 1 year ago

House Passes Bill to Extend BOI Reporting Deadline

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.

C=
ABA Banking Journal·about 1 year ago

ABA supports bill to extend BOI reporting deadline

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.

CR+
The Associated Press·about 1 year ago

Corporate Transparency Act still on hold after Supreme Court lifts injunction

Explains the shifting legal landscape around CTA/BOI reporting; provides context for why Congress pursued deadline relief efforts like the paperwork-deadline extension bill.

C=

Source Information

Document Type

Congressional Bill

Official Title

Protect Small Businesses from Excessive Paperwork Act of 2025

Bill NumberHR 736
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Cosponsors

(12)
D: 2R: 10

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.