The Community Associations Institute needs your help! While the fight continues in federal courts to exempt community associations from the Corporate Transparency Act (CTA), the House has passed and sent legislation to the Senate to delay the Corporate Transparency Act’s implementation for pre-existing entities to January 1, 2026, and a near-identical bill has been introduced in the Senate.  

H.R. 736 - Protect Small Businesses from Excessive Paperwork Act of 2025 was introduced by Representative Zachary Nunn (R-IA-3) and S. 505 - A bill to amend title 31, United States Code, to modify the deadline for filing beneficial ownership information reports for reporting companies formed or registered before January 1, 2024 was introduced by Senator Tim Scott (R-SC). H.R. 736 was passed by a vote of 408-0 on February 10, 2025, and was sent to the Senate Banking, Housing, and Urban Affairs Committee for consideration, where S. 505 was also introduced 

Please, take time today to reach out to your Senators, to ask them to support H.R. 736 and S. 505, 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!