House Bill
H.R. 736
Protect Small Businesses from Excessive Paperwork Act of 2025
Primary Sponsor
Lauren Underwood
Representative
Cosponsors
12
Quick Stats
Policy Area
Summary
This bill extends the deadline for beneficial ownership reporting to FinCEN by one year for companies formed before January 1, 2024. Instead of requiring submission by January 1, 2025, businesses would have until January 1, 2026 to file their beneficial ownership information. This provides additional time for small businesses to comply with the Corporate Transparency Act requirements.
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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Vote Prediction
Protect Small Businesses from Excessive Paperwork Act of 2025
This bill extends the deadline for beneficial ownership reporting to FinCEN by one year for companies formed before January 1, 2024. Instead of requiring submission by January 1, 2025, businesses would have until January 1, 2026 to file their beneficial owners
Community Breakdown
Pass
0%
Fail
0%
0 predictions
This bill extends the deadline for beneficial ownership reporting to FinCEN by one year for companies formed before January 1, 2024. Instead of requiring submission by January 1, 2025, businesses would have until January 1, 2026 to file their beneficial ownership information. This provides additional time for small businesses to comply with the Corporate Transparency Act requirements.
- Bill Number
- 736
- Sponsor
- Lauren Underwood (D-IL)
- Introduced
- 1/24/2025
- Status
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban A
- Policy Area
- Finance and Financial Sector
Data from Congress.gov
Fact Sheet
- Title
- Protect Small Businesses from Excessive Paperwork Act of 2025
- Bill Number
- 736
- Sponsor
- Lauren Underwood (D-IL)
- Status
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban A
- Introduced
- 1/24/2025
- Summary
- This bill extends the deadline for beneficial ownership reporting to FinCEN by one year for companies formed before January 1, 2024. Instead of requiring submission by January 1, 2025, businesses would have until January 1, 2026 to file their beneficial ownership information. This provides additiona
Data from Congress.gov
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