For Immediate Release
By: R-CALF USA Marketing Director Jaiden Moreland
Contact: R-CALF USA CEO Bill Bullard
Phone: 406-252-2516; r-calfusa@r-calfusa.com
WASHINGTON, D.C., Mar. 4, 2025 – Last week, the U.S. Department of the Treasury (UST) Financial Crimes Enforcement Network announced the suspension of the March 21 Corporate Transparency Act (CTA) beneficial owner reporting deadline.
In addition, UST announced it will not “enforce any penalties or fines associated with the beneficial ownership information reporting rule” under the CTA for any domestic companies or U.S. citizens. The agency stated it is preparing a proposed rulemaking to narrow the scope of the rule to foreign reporting companies only.
“Due to the numerous extensions of the filing deadline, the past few months have been a roller coaster ride for farmers and ranchers who were originally included in the filing requirement,” said R-CALF USA CEO Bill Bullard. “We’re pleased the Treasury Department has made clear that there is no present deadline, and that the filing requirement will be narrowed, hopefully in a way that excludes our domestic producers.”
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Ranchers Cattlemen Action Legal Fund United Stockgrowers of America (R-CALF USA) is the largest producer-only cattle trade association in the United States. It is a national, nonprofit organization dedicated to ensuring the continued profitability and viability of the U.S. cattle and sheep industries. For more information visit www.r-calfusa.com or call 406-252-2516.