The record
Legislation· Feb 2025
Legislation· Feb 2025HR 736 Passed House — in Senate
Sponsored by Zachary Nunn (R)
Protect Small Businesses from Excessive Paperwork Act of 2025
Delays beneficial ownership reporting deadline for companies formed before January 1, 2024, to January 1, 2026.
Tradeoff
Gives small businesses an extra year to file beneficial ownership information with FinCEN (Financial Crimes Enforcement Network). No stated offset or cost.
What's in it
The House passed this 408-0 on February 10, 2025 — now in the Senate.
House
Introduced
(Jan 24, 2025)
House
Committee on Financial Services(Jan 24, 2025)
House
On Motion to and Pass
Passed(Roll #37 · Feb 10, 2025)
408 yeanay 0Senate
Received from the House
on Banking, Housing, and Urban Affairs(Feb 11, 2025)
- Sharice Davids (D-KS)
- Tom Emmer (R-MN)
- Donald G. Davis (D-NC)
- Bill Huizenga (R-MI)
- Maria Elvira Salazar (R-FL)
- Marlin A. Stutzman (R-IN)
- Monica De La Cruz (R-TX)
- Andy Barr (R-KY)
- Michelle Fischbach (R-MN)
- Bryan Steil (R-WI)
- Daniel Meuser (R-PA)
- Troy Downing (R-MT)
Passage votes so far· Feb 10, 2025· 119th Congress · 2025–2027