The record

LegislationLegislation· Dec 2023
HR 5119

Sponsored by Zachary Nunn (R)

Protect Small Business and Prevent Illicit Financial Activity Act

Would have pushed back deadlines for small companies to report their owners to the Treasury Department.

Tradeoff

Would have given existing small companies two years, not one, to report their owners. Would have also cut the time to report owner changes from 30 days to 90.

What's in it

See official bill text
H.R. 5119, Protect Small Business and Prevent Illicit Financial Activity Actwww.cbo.gov/publication/59735 · Nov 2023

The House passed this 420-1 on December 12, 2023. The Senate never voted on it before the 118th Congress ended, so the bill expired.

  1. House

    Introduced

    (Aug 1, 2023)

  2. House

    Committee on Financial Services(Aug 1, 2023)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 47 - 0(Sep 20, 2023)

    Committee report H. Rept. 118-303.

  4. House

    On Motion to and Pass, as Amended

    Passed(Roll #713 · Dec 12, 2023)

    420 yeanay 1

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Dec 13, 2023)

Passage votes· Dec 12, 2023· 118th Congress · 2023–2025