United StatesProtect Small Businesses from Excessive Paperwork Act of 2025
What it does
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.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 11Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Latest
- Feb 10Mr. Hill (AR) moved to suspend the rules and pass the bill.
- Vote recorded Legislative vote recorded. Result: Passed.House
- Feb 10Considered under suspension of the rules. (consideration: CR H599-601)
- Feb 10DEBATE - The House proceeded with forty minutes of debate on H.R. 736.
- Feb 10At 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.
- Feb 10Considered as unfinished business. (consideration: CR H606)
- Feb 10Passed/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)Passed House
- Feb 10Motion to reconsider laid on the table Agreed to without objection.
- Jan 24Introduced in House
- Jan 24Referred to the House Committee on Financial Services.Introduced