Update: The Financial Crimes Enforcement Network extended the deadline to file beneficial ownership reports required by the Corporate Transparency Act to Jan. 13, 2025.
Congress approved a short-term spending bill that funds the government through March 14, 2025. The Corporate Transparency Act filing delay was not included in the package, meaning dentists should still prepare to file beneficial ownership reports by Jan. 1, 2025.
The continuing resolution passed early Dec. 21, narrowly averting a government shutdown. Its approval comes after a previous bipartisan compromise bill fell apart due to opposition from President-elect Donald Trump and Elon Musk. The House rejected a Trump-supported bill Dec. 19 before approving a revised bill the next day in a vote of 366-34-1. The Senate then voted 85-11 to pass the stopgap bill.
The final bill, which President Joe Biden signed Dec. 21, contains disaster aid, funding for farmers and a one-year extension of agricultural programs. It reauthorizes several health care workforce programs, including $1 billion for community health centers, $85 million for the National Health Service Corps, and up to $43 million for the Teaching Health Center Graduate Medical Education program through March 31, 2025.
Source: Corporate Transparency Act filing delay not in legislation / ADA News