Timeline Update: The Fifth Circuit Court of Appeals has set the deadline for briefs on both parties for the BOI case in February 2025.

Meanwhile, the oral arguments are now set for March 25, 2025.

After that, we could expect a decision either weeks or months after the oral argument. This means we expect the decision around the end of April or sometime in May 2025.

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As we look to the New Year, the new administration is set to take over in less than three weeks, the question arises: what will President-elect Trump do with the CTA?

Let’s sum it up, and then we’ll provide more details in future posts.

The CTA was passed into law with the National Defense Authorization Act (NDAA, H.R. 6395) despite then-President Trump vetoing the law, which contained CTA. However, don’t let the headline mislead you about the reason for the veto.

Summary: Trump's veto is defense-related and has nothing to do with CTA/BOI Compliance

President Trump’s veto focused primarily on broader issues within the defense legislation, reflecting his dissatisfaction with specific provisions and omissions in the NDAA. Still, none explicitly dealt with the CTA/BOI.

For those who want to, voluntary submissions of the BOI Report can still be processed by FINCEN (and Bridge to BOI can help). We’ll continue to provide updates and historical background information as things develop. Stay tuned.