President Trump issued three Executive Orders imposing new tariffs on goods from Canada, Mexico, and China, set to take effect Tuesday, February 4. 

Companies at this time do not need to report BOI information to FinCEN and will not be liable for failing to report. Federal courts issued two separate nationwide injunctions in two separate cases that pause enforcement of the regulations. While SCOTUS struck down the injunction pausing the rule in the Texas Cop Shop case mentioned in the AP article below, the other injunction issued in the Smith v. U.S. Treasury case remains in effect. FinCEN recognizes that this is the status quo. According to an "alert" published by FinCEN on January 24, 2025: