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Bill119th CongressFiled Jan 24, 2025Finance and Financial Sector
H.R. 736

Protect Small Businesses from Excessive Paperwork Act of 2025

Bill journey · stage 2 of 5

Under committee review

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Comm.
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Law

What it doesSummary introduced in house (Jan 24, 2025)

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.

What just happenedFeb 11, 2025

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

Who’s behind it

Rep. Nunn, Zachary [R-IA-3](R-IA)Sponsor
12 cosponsors2 D10 R
Read on Congress.gov
12cosponsors2committees12actions1related bills5subjects
  1. Feb 11, 2025IntroReferral

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

    Banking, Housing, and Urban Affairs Committee
  2. Feb 10, 2025FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Feb 10, 2025FloorH37300

    On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 408 - 0 (Roll no. 37). (text: CR H599)

  4. Feb 10, 2025Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 408 - 0 (Roll no. 37). (text: CR H599)

  5. Feb 10, 2025FloorH30000

    Considered as unfinished business. (consideration: CR H606)

  6. Feb 10, 2025FloorH37220

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

  7. Feb 10, 2025FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 736.

  8. Feb 10, 2025FloorH30000

    Considered under suspension of the rules. (consideration: CR H599-601)

  9. Feb 10, 2025FloorH30300

    Mr. Hill (AR) moved to suspend the rules and pass the bill.

  10. Jan 24, 2025IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  11. Jan 24, 2025IntroReferralIntro-H

    Introduced in House

  12. Jan 24, 2025IntroReferral1000

    Introduced in House