‘Protect Small Businesses from Excessive Paperwork Act of 2025 has not moved since its introduction on Feb 11, 2025, with cosponsors, all Republicans
IntroducedFeb 11, 2025
Reported—
Passed one chamber—
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
- 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
- 5 of 220 bills enacted since 2013
- Text versions
- 1: introduced in senate · 68 words
- Latest action
- Feb 11, 2025: 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 H.R. 736 Protect Small Businesses from Excessive Paperwork Act of 2025 R · Passed one chamber
Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]