Us Congress 2025-2026 Regular Session

Us Congress House Bill HB736 Compare Versions

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1+I
12 119THCONGRESS
23 1
34 STSESSION H. R. 736
4-AN ACT
5+To amend title 31, United States Code, to modify the deadline for filing
6+beneficial ownership information reports for reporting companies formed
7+or registered before January 1, 2024.
8+IN THE HOUSE OF REPRESENTATIVES
9+JANUARY24, 2025
10+Mr. N
11+UNNof Iowa (for himself, Ms. DAVIDSof Kansas, Mr. EMMER, and Mr.
12+D
13+AVISof North Carolina) introduced the following bill; which was re-
14+ferred to the Committee on Financial Services
15+A BILL
516 To amend title 31, United States Code, to modify the dead-
617 line for filing beneficial ownership information reports
718 for reporting companies formed or registered before Jan-
819 uary 1, 2024.
920 Be it enacted by the Senate and House of Representa-1
10-tives of the United States of America in Congress assembled, 2 2
11-•HR 736 EH
12-SECTION 1. SHORT TITLE. 1
13-This Act may be cited as the ‘‘Protect Small Busi-2
14-nesses from Excessive Paperwork Act of 2025’’. 3
15-SEC. 2. MODIFICATION TO FILING DEADLINE FOR CERTAIN 4
16-PRE-EXISTING REPORTING COMPANIES. 5
17-Section 5336(b)(1)(B) of title 31, United States 6
18-Code, is amended by striking ‘‘before the effective date 7
19-of the regulations prescribed under this subsection shall, 8
20-in a timely manner, and not later than 2 years after the 9
21-effective date of the regulations prescribed under this sub-10
22-section,’’ and inserting ‘‘before January 1, 2024, shall, not 11
23-later than January 1, 2026,’’. 12
24-Passed the House of Representatives February 10,
25-2025.
26-Attest:
27-Clerk. 119
28-TH
29-CONGRESS
30-1
31-ST
32-S
33-ESSION
34-
35-H. R. 736
36-AN ACT
37-To amend title 31, United States Code, to modify
38-the deadline for filing beneficial ownership infor-
39-mation reports for reporting companies formed
40-or registered before January 1, 2024.
21+tives of the United States of America in Congress assembled, 2
22+SECTION 1. SHORT TITLE. 3
23+This Act may be cited as the ‘‘Protect Small Busi-4
24+nesses from Excessive Paperwork Act of 2025’’. 5
25+VerDate Sep 11 2014 22:38 Feb 07, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H736.IH H736
26+ssavage on LAPJG3WLY3PROD with BILLS 2
27+•HR 736 IH
28+SEC. 2. MODIFICATION TO FILING DEADLINE FOR CERTAIN 1
29+PRE-EXISTING REPORTING COMPANIES. 2
30+Section 5336(b)(1)(B) of title 31, United States 3
31+Code, is amended by striking ‘‘before the effective date 4
32+of the regulations prescribed under this subsection shall, 5
33+in a timely manner, and not later than 2 years after the 6
34+effective date of the regulations prescribed under this sub-7
35+section,’’ and inserting ‘‘before January 1, 2024, shall, not 8
36+later than January 1, 2026,’’. 9
37+Æ
38+VerDate Sep 11 2014 22:38 Feb 07, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H736.IH H736
39+ssavage on LAPJG3WLY3PROD with BILLS