119THCONGRESS 1 STSESSION H. R. 736 AN ACT 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 2 •HR 736 EH SECTION 1. SHORT TITLE. 1 This Act may be cited as the ‘‘Protect Small Busi-2 nesses from Excessive Paperwork Act of 2025’’. 3 SEC. 2. MODIFICATION TO FILING DEADLINE FOR CERTAIN 4 PRE-EXISTING REPORTING COMPANIES. 5 Section 5336(b)(1)(B) of title 31, United States 6 Code, is amended by striking ‘‘before the effective date 7 of the regulations prescribed under this subsection shall, 8 in a timely manner, and not later than 2 years after the 9 effective date of the regulations prescribed under this sub-10 section,’’ and inserting ‘‘before January 1, 2024, shall, not 11 later than January 1, 2026,’’. 12 Passed the House of Representatives February 10, 2025. Attest: Clerk. 119 TH CONGRESS 1 ST S ESSION H. R. 736 AN ACT To amend title 31, United States Code, to modify the deadline for filing beneficial ownership infor- mation reports for reporting companies formed or registered before January 1, 2024.