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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
Feb 11, 2025
Last Action
Feb 11, 2025
Session
119th Congress
Sponsors
1 primary · 12 co
Passage Probability
2% — Very Low
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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2%
Estimate based on legislative signals
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Upgrade to ProRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.