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Protect Small Businesses from Excessive Paperwork Act of 2025
Official title: 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.
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.
SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
House floor actionsMr. Hill (AR) moved to suspend the rules and pass the bill.
Floor Vote
Passed the House
Library of CongressIntroduced in House
House floor actionsReferred to the House Committee on Financial Services.
Introduced
Committee
Comments
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What Congress Said
Members who spoke about this bill on the floor, in their own words from the Congressional Record.
Republicans4 spoke
I rise in strong support of H.R. 736, the Protect Small Businesses from Excessive Paperwork Act. I thank Representative Nunn of Iowa for his work on this important legislation.
This bill would help protect small businesses from excessive paperwork. This is a simple solution that we worked on together, and it is one of the most pressing concerns that small businesses face.
This bill is a strong start to reduce the immense regulatory burden that America's small businesses face each day, and it protects businessowners from unjust criminal liability.
I once again thank Chairman Hill for his leadership. I do, as well, rise today in strong support of the Protect Small Businesses from Excessive Paperwork Act of 2025, H.R. 736, introduced by my colleague, Congressman Nunn.
Despite the ill-named bill, I rise in support of H.R. 736, the Protect Small Businesses from Excessive Paperwork Act, sponsored by Representative Nunn.
Comments
Comments with insults, hate speech or personal information are removed.