United States‘Protect 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 Senate
- Passed House
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 11Introduced in SenateLatest
- Feb 11Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Introduced