On February 18, 2025, the U.S. District Court for the Eastern District of Texas lifted the injunction for the filing requirement for Business Ownership Information (BOI) reports in Samantha Smith and Robert Means v. U.S. Department of the Treasury. FinCEN has announced a 30-day extension of the filing date to March 21, 2025.
Note the extension doesn’t apply for new businesses formed after December 31, 2023.
Businesses that have other extensions for disaster relief can still rely on those extended due dates.
Plaintiffs in National Small Business United v. Yellen, No. 5:22-cv01448 (N.D. Ala.)—namely, Isaac Winkles, reporting companies for which Isaac Winkles is the beneficial owner or applicant, the National Small Business Association, and members of the National Small Business Association (as of March 1, 2024)—are not currently required to report their beneficial ownership information to FinCEN at this time.
The House of Representatives unanimously passed H.R. 736, Protect Small Businesses From Excessive Paperwork Act of 2025 on February 10, 2025, which would extend the deadline to January 1, 2025. The Senate has referred the proposal to a committee. Until the Senate passes it, the March 21, 2025 date remains effective. Considering the timeline, it seems unlikely the Senate will pass the extension before the deadline.
For updates, watch the FinCEN web page, https://www.fincen.gov/boi.