There is a bill in the House and a separate one in the Senate that needs our action now!

H.R. 9045 - To amend title 31, United States Code, to exempt entities subject to taxation under section 528 of the Internal Revenue Code of 1986 from certain beneficial ownership reporting requirements. H.R. 9045 would exempt community associations from the requirements of the Corporate Transparency Act, codifying a protection needed for you and your community. It is imperative that Members of the House agree to Co-Sponsor H.R. 9045. 

S.3625 - Protect Small Business and Prevent Illicit Financial Activity Act would delay the implementation of the Beneficial Ownership Information (BOI) reporting requirement-  the Senate companion of  H.R. 5119 – Protect Small Business and Prevent Illicit Financial Activity Act, which was approved by the House on 12/12/23 by a vote of 420-1. We need you to tell your Senator to co-sponsor S. 3625. 

Please reach out to your Member of Congress, even if you have done so already urging an exemption for community associations from  the Corporate Transparency Act!

Please, take time today to reach out to your representatives in Congress and ask them to support H.R. 9045 and S. 3625, and to share this important request with your neighbors!

Want to learn more about the Corporate Transparency Act and CAI’s multipronged approach to seeking an exemption for community associations? Visit caionline.org/CTA to learn more!