The Brief The Treasury Department announced that it is suspending enforcement of the Beneficial Ownership Information (BOI) reporting requirements. The U.S. Treasury Department announced on Sunday that it was suspending enforcement of the Beneficial Ownership Information (BOI) reporting requirement for U.S. citizens and domestic companies. Here’s what to know:What is BOI reporting? Treasury Department suspends enforcement of BOI reporting requirementsTimeline:The rule has long been in legal limbo . The National Small Business Association also issued its own statement, calling BOI reporting "a massive burden."