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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:
Both the Pennsylvania Senate and House swore in their members on January 7th and elected their respective leaders. Senator Kim Ward (R-Westmoreland) was elected again by her colleagues to be the President Pro Tempore. Representative Joanna McClinton (D-Phila) was elected to retain her position as Speaker, despite a 101-101 split in the House of Representatives. During a second ballot many Republican members supported McClinton through a voice vote.
The House also approved a Rules package establishing some new process items and establishing three new committees:
The Senate also created a new committee within their Rules package:
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