HR 736
Protect Small Businesses from Excessive Paperwork Act of 2025
Summary
Protect Small Businesses from Excessive Paperwork Act of 2025 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, as required under current regulations.
Bill status
- Status
- Passed House
- Sponsor
- Rep. Zachary Nunn [R-IA-3]
- Cosponsors
- 12
- Policy area
- Finance and Financial Sector
- Introduced
- 2025-01-24
- Latest action
- 2025-02-11: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee referrals
Recent actions
- 2025-02-11: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2025-02-10: Motion to reconsider laid on the table Agreed to without objection.
- 2025-02-10: 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)
- 2025-02-10: 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)
- 2025-02-10: Considered as unfinished business. (consideration: CR H606)