IIB
119th CONGRESS
1st Session
H. R. 736
IN THE SENATE OF THE UNITED STATES
February 11, 2025
Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs
AN ACT
To amend title 31, United States Code, to modify the deadline for filing beneficial ownership information reports for reporting companies formed or registered before January 1, 2024.
Section 1. Short title
This Act may be cited as the Protect Small Businesses from Excessive Paperwork Act of 2025
.
Sec. 2. Modification to filing deadline for certain pre-existing reporting companies
Section 5336(b)(1)(B) of title 31, United States Code, is amended by striking before the effective date of the regulations prescribed under this subsection shall, in a timely manner, and not later than 2 years after the effective date of the regulations prescribed under this subsection,
and inserting before January 1, 2024, shall, not later than January 1, 2026,
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