H.R. 736 Passed the House Finance and Financial Sector

Protect Small Businesses from Excessive Paperwork Act of 2025

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.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Nunn, Zachary [R-IA-3] Introduced January 24, 2025 Cosponsors 12 (2 D, 10 R) Latest action February 11, 2025

Summary

Protect Small Businesses from Excessive Paperwork Act of 2025
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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Roll-call votes

Actions

  1. Feb 11, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Feb 10, 2025 Motion to reconsider laid on the table Agreed to without objection.
  3. Feb 10, 2025 On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 408 - 0 (Roll no. 37). (text: CR H599)
  4. Feb 10, 2025 Considered as unfinished business. (consideration: CR H606)
  5. Feb 10, 2025 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  6. Feb 10, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 736.
  7. Feb 10, 2025 Considered under suspension of the rules. (consideration: CR H599-601)
  8. Feb 10, 2025 Mr. Hill (AR) moved to suspend the rules and pass the bill.
  9. Jan 24, 2025 Referred to the House Committee on Financial Services.
  10. Jan 24, 2025 Introduced in House

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