119-hr736

HR
✓ Complete Data

Protect Small Businesses from Excessive Paperwork Act of 2025

0 0
Login to track bills
Introduced:
Jan 24, 2025
Policy Area:
Finance and Financial Sector

Bill Statistics

12
Actions
12
Cosponsors
1
Summaries
5
Subjects
3
Text Versions
Yes
Full Text

AI Summary

No AI Summary Available

Click the button above to generate an AI-powered summary of this bill using Claude.

The summary will analyze the bill's key provisions, impact, and implementation details.

Latest Action

Feb 11, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries (1)

Introduced in House - Jan 24, 2025 00
<p><strong>Protect Small Businesses from Excessive Paperwork Act of 2025</strong></p><p>This bill extends the deadline for certain companies that are required to file beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN). Specifically, the bill requires companies formed or registered before January 1, 2024, to submit this information to FinCEN by January 1, 2026, instead of by January 1, 2025,&nbsp;as required under current regulations.</p>

Actions (12)

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Type: IntroReferral | Source: Senate
Feb 11, 2025
Motion to reconsider laid on the table Agreed to without objection.
Type: Floor | Source: House floor actions | Code: H38310
Feb 10, 2025
6:58 PM
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 408 - 0 (Roll no. 37). (text: CR H599)
Type: Floor | Source: House floor actions | Code: H37300
Feb 10, 2025
6:58 PM
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 408 - 0 (Roll no. 37). (text: CR H599)
Type: Floor | Source: Library of Congress | Code: 8000
Feb 10, 2025
6:58 PM
Considered as unfinished business. (consideration: CR H606)
Type: Floor | Source: House floor actions | Code: H30000
Feb 10, 2025
6:52 PM
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Type: Floor | Source: House floor actions | Code: H37220
Feb 10, 2025
5:13 PM
DEBATE - The House proceeded with forty minutes of debate on H.R. 736.
Type: Floor | Source: House floor actions | Code: H8D000
Feb 10, 2025
4:48 PM
Considered under suspension of the rules. (consideration: CR H599-601)
Type: Floor | Source: House floor actions | Code: H30000
Feb 10, 2025
4:48 PM
Mr. Hill (AR) moved to suspend the rules and pass the bill.
Type: Floor | Source: House floor actions | Code: H30300
Feb 10, 2025
4:48 PM
Referred to the House Committee on Financial Services.
Type: IntroReferral | Source: House floor actions | Code: H11100
Jan 24, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: Intro-H
Jan 24, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: 1000
Jan 24, 2025

Subjects (5)

Business records Corporate finance and management Finance and Financial Sector (Policy Area) Licensing and registrations Small business

Cosponsors (12)

Rep. Downing, Troy [R-MT-2]
(R-MT)
Feb 7, 2025
Rep. Meuser, Daniel [R-PA-9]
(R-PA)
Feb 7, 2025
Rep. Steil, Bryan [R-WI-1]
(R-WI)
Feb 6, 2025
Rep. Fischbach, Michelle [R-MN-7]
(R-MN)
Feb 5, 2025
Rep. Barr, Andy [R-KY-6]
(R-KY)
Feb 4, 2025
Rep. De La Cruz, Monica [R-TX-15]
(R-TX)
Feb 4, 2025
Rep. Stutzman, Marlin A. [R-IN-3]
(R-IN)
Feb 4, 2025
Rep. Huizenga, Bill [R-MI-4]
(R-MI)
Jan 28, 2025
Rep. Salazar, Maria Elvira [R-FL-27]
(R-FL)
Jan 28, 2025
Rep. Davis, Donald G. [D-NC-1]
(D-NC)
Jan 24, 2025
Rep. Davids, Sharice [D-KS-3]
(D-KS)
Jan 24, 2025
Rep. Emmer, Tom [R-MN-6]
(R-MN)
Jan 24, 2025

Text Versions (3)

Referred in Senate

Feb 11, 2025
PDF ↗ XML ↗

Engrossed in House

Feb 10, 2025
PDF ↗ XML ↗

Introduced in House

Jan 24, 2025
PDF ↗ XML ↗

Full Bill Text

Length: 1,491 characters Version: Referred in Senate Version Date: Feb 11, 2025 Last Updated: Nov 11, 2025 6:08 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 736 Referred in Senate

(RFS) ]

<DOC>
119th CONGRESS
1st Session
H. R. 736

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

February 11, 2025

Received; read twice and referred to the Committee on Banking, Housing,
and Urban Affairs

_______________________________________________________________________

AN ACT

To amend title 31, United States Code, to modify the deadline for
filing beneficial ownership information reports for reporting companies
formed or registered before January 1, 2024.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.

This Act may be cited as the ``Protect Small Businesses from
Excessive Paperwork Act of 2025''.
SEC. 2.
REPORTING COMPANIES.
Section 5336 (b) (1) (B) of title 31, United States Code, is amended by striking ``before the effective date of the regulations prescribed under this subsection shall, in a timely manner, and not later than 2 years after the effective date of the regulations prescribed under this subsection,'' and inserting ``before January 1, 2024, shall, not later than January 1, 2026,''.

(b)

(1)
(B) of title 31, United States Code, is amended
by striking ``before the effective date of the regulations prescribed
under this subsection shall, in a timely manner, and not later than 2
years after the effective date of the regulations prescribed under this
subsection,'' and inserting ``before January 1, 2024, shall, not later
than January 1, 2026,''.

Passed the House of Representatives February 10, 2025.

Attest:

KEVIN F. MCCUMBER,

Clerk.
View original source ↗
Back to Bills View on Congress.gov