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S 505In committeeFinancesenate
‘Protect Small Businesses from Excessive Paperwork Act of 2025
Introduced Feb 11, 2025 by Sen. Tim Scott
IntroducedCommitteeFloorCongressLaw
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
Latest action · Feb 11, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
What it does
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.
Summary by the Congressional Research Service.
Roll-call votes
No floor votes yet — it hasn't reached the floor of either chamber.