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Small Business Beneficial Ownership Reporting Deadline Extended Until 2025.

This bill grants existing small businesses an additional year to file mandatory beneficial ownership information (BOI) reports with the federal FinCEN network. This change provides small business owners with extra time—until the end of December 2025—to comply with the new reporting requirements, easing immediate administrative pressure. This represents a significant bureaucratic relief for thousands of small entrepreneurs.
Key points
Deadline Extension: Existing small businesses now have until December 31, 2025, to submit their Beneficial Ownership Information (BOI) reports.
Administrative Relief: This change postpones a significant bureaucratic requirement, allowing small businesses more time to adapt to new federal compliance rules.
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Additional Information
Print number: 118_HR_9278
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2024-08-02
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend section 5336 of title 31, United States Code, to provide existing small businesses with an additional year to file beneficial ownership information, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9278.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-08-02.

What are the main provisions?

Key points include:

  • Deadline Extension: Existing small businesses now have until December 31, 2025, to submit their Beneficial Ownership Information (BOI) reports.
  • Administrative Relief: This change postpones a significant bureaucratic requirement, allowing small businesses more time to adapt to new federal compliance rules.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Nunn, Zachary [R-IA-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Security