119th Congress Finance and Financial Sector
S. 505: ‘Protect Small Businesses from Excessive Paperwork Act of 2025
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Jim Banks R-INOriginal
- Katie Britt R-ALOriginal
- Kevin Cramer R-NDOriginal
- Bill Hagerty R-TNOriginal
- Cynthia Lummis R-WYOriginal
- James Lankford R-OKOriginal
- Jerry Moran R-KSOriginal
- Mike Rounds R-SDOriginal
- Pete Ricketts R-NEOriginal
- Thom Tillis R-NCOriginal
- Bernie Moreno R-OH
- Michael Crapo R-ID
Who scored on this bill
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- S.J.Res. 18: Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions"
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History
- Introduced in the Senate by Tim Scott.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.