HR 736 · 119th Congress · House

Protect Small Businesses from Excessive Paperwork Act of 2025

In committee

SponsorRep. Nunn, Zachary [R-IA-3] (R-IA)

IntroducedJan 24, 2025

Policy areaFinance and Financial Sector

Cosponsors12

What this bill is intended to do

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.

Latest action

Feb 11, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

How Congress voted · House roll call 37 · Feb 10, 2025

408 Yea0 Nay25 Not voting

Passed

How each party voted

Republicans206–0

Democrats201–0

Independents1–0

Revealed positions from the official roll call.

C66

Graded by The Quiet Ledger

The Protect Small Businesses from Excessive Paperwork Act of 2025 amends the deadline for filing beneficial ownership information reports for companies formed before January 1, 2024, extending it to January 1, 2026. The bill aims to reduce the administrative burden on small businesses by providing more time to comply with reporting requirements.

Category gradesMembers of The Quiet Ledger see the full per-category breakdown of how this bill was graded.

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