I
119THCONGRESS
1
STSESSION H. R. 736
To amend title 31, United States Code, to modify the deadline for filing
beneficial ownership information reports for reporting companies formed
or registered before January 1, 2024.
IN THE HOUSE OF REPRESENTATIVES
JANUARY24, 2025
Mr. N
UNNof Iowa (for himself, Ms. DAVIDSof Kansas, Mr. EMMER, and Mr.
D
AVISof North Carolina) introduced the following bill; which was re-
ferred to the Committee on Financial Services
A BILL
To amend title 31, United States Code, to modify the dead-
line for filing beneficial ownership information reports
for reporting companies formed or registered before Jan-
uary 1, 2024.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Protect Small Busi-4
nesses from Excessive Paperwork Act of 2025’’. 5
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•HR 736 IH
SEC. 2. MODIFICATION TO FILING DEADLINE FOR CERTAIN 1
PRE-EXISTING REPORTING COMPANIES. 2
Section 5336(b)(1)(B) of title 31, United States 3
Code, is amended by striking ‘‘before the effective date 4
of the regulations prescribed under this subsection shall, 5
in a timely manner, and not later than 2 years after the 6
effective date of the regulations prescribed under this sub-7
section,’’ and inserting ‘‘before January 1, 2024, shall, not 8
later than January 1, 2026,’’. 9
Æ
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