Bill Detail
S. 505
Congress: 119
Title
‘Protect Small Businesses from Excessive Paperwork Act of 2025
Summary
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.
Sponsor
Sen. Tim Scott [R-SC]
Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Status as of Jun 27, 6:55 AM · synced 2d ago
Introduced
2025-02-11
Data source mode: congress-gov
Bill Engagement
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 wit…
Lobbyists on the case
- National Small Business Association5 filings · 4 lobs
- John Furth2026 Q1
- Todd Mccracken2026 Q1
- Rachel Grey2025 Q4
- Reed Westcott2025 Q4