Protect Small Businesses from Excessive Paperwork Act of 2025 passed the House 17 days after introduction and awaits a vote in the Senate
IntroducedJan 24, 2025
Reported—
Passed one chamberFeb 10, 2025
Passed both—
Law—
What it changes · CRS summary
Written by the Congressional Research Service [2]. 65 words.
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.
Context
- Committees
- House Financial Services Committee
Senate Banking, Housing, and Urban Affairs Committee - Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 0 of 100 bills enacted since 2013
- Text versions
- 3, from introduced in house to referred in senate · 89 words
- Subjects
- Business recordsCorporate finance and managementLicensing and registrationsSmall business
- Latest action
- Feb 11, 2025: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Records
- Congress.gov · Bill text
Exhibit 1Passage odds band at each stage, rated when the bill reached it [4]
Related bills · 1
Each bill appears once, under its strongest link. 1 in all.
Identical or companion · 1
- 119th S. 505 ‘Protect Small Businesses from Excessive Paperwork Act of 2025 R · Introduced
Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]