Open Eye

A plain-language record of the U.S. government

119th Congress · House

Protect Small Businesses from Excessive Paperwork Act of 2025

Subjects: Business records · Corporate finance and management · Licensing and registrations · Small business · Finance and Financial Sector

In plain language

  • House bill in the 119th Congress.
  • Extends the deadline for certain companies that are required to file beneficial ownership information with the Financial Crimes.
  • House passed it on Feb 10, 2025 (substantive).
Official summary (Congressional Research Service)

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.

View this measure on congress.gov

Roll-call votes on this measure