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HR736FEDERALin_committee

Protect Small Businesses from Excessive Paperwork Act of 2025

January 24, 2025

small business regulatory compliance beneficial ownership federal reporting

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Where This Stands

Introduced

Committee

Floor Vote

Passed

Signed

Currently in_committee. The next step in the legislative lifecycle is Floor Vote.

Last action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Feb 11, 2025

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

The Frame

What this does

Small businesses formed before 2024 that are required to report would have until January 1, 2026, to comply with federal filing requirements under this bill.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Small business owners

Businesses formed before 2024 would have their deadline for filing beneficial ownership reports adjusted to January 1, 2026.

Financial Crimes Enforcement Network (FinCEN)

The agency responsible for receiving and processing beneficial ownership reports would have its filing deadline enforcement timeline modified.

What changed

Current stage: in_committee.

What's next

Floor Vote.

Summary

This bill proposes extending the deadline for certain small businesses to file reports with the federal government. Specifically, it sets a new deadline of January 1, 2026, for companies formed or registered before January 1, 2024.

Key Facts

The bill is titled the 'Protect Small Businesses from Excessive Paperwork Act of 2025'.
It amends Section 5336(b)(1)(B) of title 31, United States Code.
The bill establishes a new filing deadline of January 1, 2026, for beneficial ownership information reports.
This deadline applies specifically to reporting companies formed or registered before January 1, 2024.

Frequently Asked Questions

Who does this bill affect?

It affects reporting companies that were formed or registered before January 1, 2024.

What is the new deadline proposed by this bill?

The bill proposes a deadline of January 1, 2026, for filing .

Why It Matters

Small businesses formed before 2024 that are required to report would have until January 1, 2026, to comply with federal filing requirements under this bill.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Voting Record

Outcome not reportedhouse2/10/2025voteview

Total

408

Yes

408

Present

Not Voting

Abstain

How they voted (408)

+ 384 more

Full roll-call analysis →

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

Deadline Extension

The bill represents a legislative effort to provide more time for compliance with beneficial ownership reporting requirements established in Title 31.

H.R. 736

Connected Entities

personMr. Emmer“Representative who co-sponsored the bill.”Map →

personMr. Nunn“Representative from Iowa who introduced the bill.”Map →

personMs. Davids“Representative from Kansas who co-sponsored the bill.”Map →

personMr. Davis“Representative from North Carolina who co-sponsored the bill.”Map →

organizationCommittee on Financial Services“The House committee to which the bill was referred.”Map →

Sources

Open source document

www.congress.gov

Analysis Score

0–100

Significance60
How much this matters to a regular citizen
Controversy20
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz30
Current news / social attention level

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