Us Congress 2025-2026 Regular Session

Us Congress Senate Bill SB505

Introduced
2/11/25  

Caption

‘Protect Small Businesses from Excessive Paperwork Act of 2025

Congress_id

119-S-505

Policy_area

Finance and Financial Sector

Introduced_date

2025-02-11

Companion Bills

US HB736

Identical bill Protect Small Businesses from Excessive Paperwork Act of 2025This 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.

Previously Filed As

US HB736

Protect Small Businesses from Excessive Paperwork Act of 2025This 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.

Similar Bills

No similar bills found.