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Will We Get a Delay in Beneficial Ownership Reporting
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Will We Get a Delay in Beneficial Ownership Reporting

The House has passed a Bill to extend the reporting for current entities for one year and give us more time for new entities. Now we wait for the Senate.

Paul Neiffer's avatar
Paul Neiffer
Dec 22, 2023
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Will We Get a Delay in Beneficial Ownership Reporting
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Photo by Alejandro Barba on Unsplash

The House of Representatives passed a Bill extending the Corporate Transparency Act’s (CTA) deadlines by a vote of 420-1.  With passage by a substantial majority in the House, we would guess that it will become law by attaching it to one of the Continuing Resolutions to be passed early in 2024.

If the House Bill becomes law as it is, the following changes will be made:

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