diff --git a/format/ColumnBag.fbs b/format/ColumnBag.fbs
new file mode 100644
index 0000000000000..cf6ca3ac050cb
--- /dev/null
+++ b/format/ColumnBag.fbs
@@ -0,0 +1,63 @@
+// Licensed to the Apache Software Foundation (ASF) under one
+// or more contributor license agreements.  See the NOTICE file
+// distributed with this work for additional information
+// regarding copyright ownership.  The ASF licenses this file
+// to you under the Apache License, Version 2.0 (the
+// "License"); you may not use this file except in compliance
+// with the License.  You may obtain a copy of the License at
+//
+//   http://www.apache.org/licenses/LICENSE-2.0
+//
+// Unless required by applicable law or agreed to in writing,
+// software distributed under the License is distributed on an
+// "AS IS" BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY
+// KIND, either express or implied.  See the License for the
+// specific language governing permissions and limitations
+// under the License.
+
+/// EXPERIMENTAL: A less restrictive version of RecordBatch that can
+/// reduce wire overhead for small messages
+
+include "Schema.fbs";
+
+namespace org.apache.arrow.flatbuf;
+
+/// ----------------------------------------------------------------------
+/// Data structures to represent a bag of columns (a collection of
+/// possibly differing length Arrow arrays)
+
+/// A range of top level field nodes, identified by their ordering in the
+/// schema. The offsets are zero-indexed, but only top level field nodes are
+/// counted; it is impossible to refer to a child node anywhere in the schema.
+struct FieldNodeRange {
+  /// The starting offset (inclusive)
+  start: long;
+
+  /// The ending offset (exclusive)
+  end: long;
+}
+
+/// A data header describing the shared memory layout of a "bag" of "columns".
+/// It is similar to a RecordBatch but not every top level node is required
+/// to be included in the wire payload.
+table ColumnBag {
+  /// If not provided, all nodes are included and this payload is identical
+  /// to a RecordBatch. Otherwise the reader needs to skip top level FieldNodes
+  /// (and the parallel Buffers) that were not included. Note that ranges must
+  /// be listed in strictly increasing order and be non-overlapping.
+  includedNodes: [FieldNodeRange];
+
+  /// Nodes correspond to the pre-ordered flattened logical schema
+  nodes: [FieldNode];
+
+  /// Buffers correspond to the pre-ordered flattened buffer tree
+  ///
+  /// The number of buffers appended to this list depends on the schema. For
+  /// example, most primitive arrays will have 2 buffers, 1 for the validity
+  /// bitmap and 1 for the values. For struct arrays, there will only be a
+  /// single buffer for the validity (nulls) bitmap
+  buffers: [Buffer];
+
+  /// Optional compression of the message body
+  compression: BodyCompression;
+}
\ No newline at end of file
diff --git a/format/Message.fbs b/format/Message.fbs
index 24554abbb8358..22fc8b83b5f62 100644
--- a/format/Message.fbs
+++ b/format/Message.fbs
@@ -15,6 +15,7 @@
 // specific language governing permissions and limitations
 // under the License.
 
+include "ColumnBag.fbs";
 include "Schema.fbs";
 include "SparseTensor.fbs";
 include "Tensor.fbs";
@@ -25,23 +26,6 @@ namespace org.apache.arrow.flatbuf;
 /// Data structures for describing a table row batch (a collection of
 /// equal-length Arrow arrays)
 
-/// Metadata about a field at some level of a nested type tree (but not
-/// its children).
-///
-/// For example, a List<Int16> with values `[[1, 2, 3], null, [4], [5, 6], null]`
-/// would have {length: 5, null_count: 2} for its List node, and {length: 6,
-/// null_count: 0} for its Int16 node, as separate FieldNode structs
-struct FieldNode {
-  /// The number of value slots in the Arrow array at this level of a nested
-  /// tree
-  length: long;
-
-  /// The number of observed nulls. Fields with null_count == 0 may choose not
-  /// to write their physical validity bitmap out as a materialized buffer,
-  /// instead setting the length of the bitmap buffer to 0.
-  null_count: long;
-}
-
 enum CompressionType:byte {
   // LZ4 frame format, for portability, as provided by lz4frame.h or wrappers
   // thereof. Not to be confused with "raw" (also called "block") format
@@ -117,40 +101,6 @@ table DictionaryBatch {
   isDelta: bool = false;
 }
 
-/// A range of field nodes, identified by their offset in the schema.
-/// The offsets are zero-indexed.
-struct FieldNodeRange {
-  /// The starting offset (inclusive)
-  start: long;
-
-  /// The ending offset (exclusive)
-  end: long;
-}
-
-/// A data header describing the shared memory layout of a "bag" of "columns".
-/// It is similar to a RecordBatch but not every top level FieldNode is required
-/// to be included in the wire payload.
-table ColumnBag {
-  /// If not provided, all field nodes are included and this payload is
-  /// identical to a RecordBatch. Otherwise the reader needs to skip
-  /// top level FieldNodes that were not included.
-  includedNodes: [FieldNodeRange];
-
-  /// Nodes correspond to the pre-ordered flattened logical schema
-  nodes: [FieldNode];
-
-  /// Buffers correspond to the pre-ordered flattened buffer tree
-  ///
-  /// The number of buffers appended to this list depends on the schema. For
-  /// example, most primitive arrays will have 2 buffers, 1 for the validity
-  /// bitmap and 1 for the values. For struct arrays, there will only be a
-  /// single buffer for the validity (nulls) bitmap
-  buffers: [Buffer];
-
-  /// Optional compression of the message body
-  compression: BodyCompression;
-}
-
 /// ----------------------------------------------------------------------
 /// The root Message type
 
diff --git a/format/Schema.fbs b/format/Schema.fbs
index 3d201ebd67785..3b929cfe3759b 100644
--- a/format/Schema.fbs
+++ b/format/Schema.fbs
@@ -37,7 +37,7 @@ enum MetadataVersion:short {
   /// >= 0.8.0 (December 2017). Non-backwards compatible with V3.
   V4,
 
-  /// 1.0.0 -> 6.0.0 (July 2020). Backwards compatible with V4 (V5 readers can read V4
+  /// >= 1.0.0 (July 2020). Backwards compatible with V4 (V5 readers can read V4
   /// metadata and IPC messages). Implementations are recommended to provide a
   /// V4 compatibility mode with V5 format changes disabled.
   ///
@@ -45,12 +45,6 @@ enum MetadataVersion:short {
   /// - Union buffer layout has changed. In V5, Unions don't have a validity
   ///   bitmap buffer.
   V5,
-
-  /// >= 7.0.0 (Jan 2022). Backwards compatible with V4 and V5.
-  ///
-  /// Adds ColumnBag to wire format. It has looser restrictions than RecordBatch but is
-  /// otherwise similar in intent.
-  V6
 }
 
 /// Represents Arrow Features that might not have full support
@@ -507,6 +501,24 @@ struct Buffer {
   length: long;
 }
 
+/// ----------------------------------------------------------------------
+/// FieldNode represents metadata about a field at some level of a nested
+/// type tree (but not its children).
+///
+/// For example, a List<Int16> with values `[[1, 2, 3], null, [4], [5, 6], null]`
+/// would have {length: 5, null_count: 2} for its List node, and {length: 6,
+/// null_count: 0} for its Int16 node, as separate FieldNode structs
+struct FieldNode {
+  /// The number of value slots in the Arrow array at this level of a nested
+  /// tree
+  length: long;
+
+  /// The number of observed nulls. Fields with null_count == 0 may choose not
+  /// to write their physical validity bitmap out as a materialized buffer,
+  /// instead setting the length of the bitmap buffer to 0.
+  null_count: long;
+}
+
 /// ----------------------------------------------------------------------
 /// A Schema describes the columns in a row batch