Corporate Transparency Act relief gains momentum in Congress

By Stephanie Buka, Government Affairs Manager, PRINTING United Alliance

PRINTING United Alliance continues to monitor developments related to the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements, which have created significant concern for many small and closely held businesses across the printing industry. The CTA’s reporting mandate represented another administrative burden on companies focused on serving customers, investing in equipment, and growing their businesses.

Encouragingly, momentum is building in Congress to provide more permanent relief. On April 21, the House Financial Services Committee advanced H.R. 425, the Repealing Big Brother Overreach Act, as amended, by a recorded vote of 26–25. The bill is now positioned for potential consideration by the full House. The House action follows Treasury and the Financial Crime Enforcement Network’s (FinCEN’s) March 2025 interim final rule, which removed BOI reporting requirements for US companies and US persons and narrowed the rule’s scope to foreign reporting companies.

The Senate has now introduced companion legislation. Senator John Kennedy (R-LA), joined by Senator Mike Lee (R-UT) and other original co-sponsors, introduced S. 4419 to codify the Treasury’s March 2025 rule limiting BOI reporting to foreign reporting companies and to require FinCEN to delete personal data already collected from American business owners under the original mandate. On April 28, the bill was referred to the Senate Banking, Housing, and Urban Affairs Committee.

Ramifications for members

For PRINTING United Alliance members, this is a welcome and practical development. The printing industry is made up largely of small and mid-sized businesses, many of which are family-owned, privately held, or closely held companies. These businesses should not face unnecessary federal paperwork requirements or be required to submit sensitive personal information when the government has already acknowledged that a more targeted approach is appropriate.

The Alliance supports efforts to reduce unnecessary regulatory burdens while maintaining effective tools to address illicit finance. A risk-based approach that focuses enforcement resources on bad actors—rather than sweeping in millions of law-abiding Main Street businesses—is a more balanced path forward. For printers, that means greater certainty, fewer compliance costs, and more time to focus on operations, customers, employees, and long-term investment.

The path forward is not yet complete. While the House bill has cleared committee, it still must be considered by the full House. The Senate bill will also need to build support and move through the legislative process.

PRINTING United Alliance will continue to engage with lawmakers and coalition partners to support meaningful CTA relief and ensure the voice of the printing industry is heard as this issue advances.

This article originally appeared on the PRINTING United Website.

About the author: Stephanie Buka is the Government Affairs Manager for PRINTING United Alliance. In this role, she supports Ford Bowers, CEO, the Government Affairs team, and coordinates efforts with contracted lobbying firm, ACG Advocacy.