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119-hr-736Committee
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Protect Small Businesses from Excessive Paperwork Act of 2025

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Summary

Official CRS summary

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.

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Bill details

Congress
119
Bill type
hr
Introduced
January 24, 2025
Sponsor
Zachary NunnRIA
Cosponsors
12
Last action
February 11, 2025— Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

The recorded vote

U.S. HouseFeb 10, 2025
402Yea0Nay21Not voting

Counted from roll-call records for sitting members · source: congress.gov

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