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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.
Introduced
Jan 24, 2025
Last Action
Feb 11, 2025
Session
119th Congress
Sponsors
1 primary · 12 co
Passage Probability
2% — Very Low
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mr. Hill (AR) moved to suspend the rules and pass the bill.
Considered under suspension of the rules.
DEBATE - The House proceeded with forty minutes of debate on H.R. 736.
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.
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).
Motion to reconsider laid on the table Agreed to without objection.
Considered as unfinished business.
Introduced in House
Referred to the House Committee on Financial Services.
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
2%
Estimate based on legislative signals
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Upgrade to ProReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.