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Banking, Housing, and Urban Affairs Committee
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S. 505In committee
‘Protect Small Businesses from Excessive Paperwork Act of 2025
Introduced: Feb 11, 2025
Latest action date: Feb 11, 2025
Latest development
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Your view
- Congress
- 119th Congress
- Introduced
- Feb 11, 2025
- Recorded roll calls
- 0
Status detail: The most advanced recorded stage is committee consideration.
Plain-language overview
What this bill does
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.
Civixly topics
What this legislation is about
Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.
Official CRS policy area
Finance and Financial Sector
View 4 official legislative subjects
Business recordsCorporate finance and managementLicensing and registrationsSmall business
Committee activity
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Official committee record ↗
Amendments
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No amendments are listed for this measure.
Checked against Congress.gov Sep 15, 2026.
Action timeline
Newest action first. Action language comes from the official Congress.gov record.
View full action timeline2 actions
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferralSenateIntroduced in Senate
IntroReferralLibrary of Congress
Roll-call votes
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