Protect Small Businesses from Excessive Paperwork Act of 2025

Sponsored byRep. Nunn, Zachary [R-IA-3]IA· Introduced 24 janvier 2025

Open on Congress.gov

Cosponsors

Actions

Amendments

Committees

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Since introduced

Introduced

Committee

Passed Chamber

Passed Both

Enacted

Step 1 of 0

Latest action

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

11 février 2025·1 year ago

Summary

Introduced in House · Updated 10 février 2025

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.

Timeline

12 actions

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
11 février 2025 · IntroReferral
Mr. Hill (AR) moved to suspend the rules and pass the bill.
10 février 2025 · Floor
Considered as unfinished business. (consideration: CR H606)
10 février 2025 · Floor
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
10 février 2025 · Floor
Considered under suspension of the rules. (consideration: CR H599-601)
10 février 2025 · Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 736.
10 février 2025 · Floor
Motion to reconsider laid on the table Agreed to without objection.
10 février 2025 · Floor
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 408 - 0 (Roll no. 37). (text: CR H599)
10 février 2025 · Floor
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 408 - 0 (Roll no. 37). (text: CR H599)
10 février 2025 · Floor
Referred to the House Committee on Financial Services.
24 janvier 2025 · IntroReferral
Introduced in House
24 janvier 2025 · IntroReferral
Introduced in House
24 janvier 2025 · IntroReferral

Sponsorship

12 cosponsors

Sponsor

Rep. Nunn, Zachary [R-IA-3]IA

Cosponsors

Democrat217%
Republican1083%

Republican:Rep. Meuser, Daniel [R-PA-9]PA
Republican:Rep. Downing, Troy [R-MT-2]MT
Republican:Rep. Steil, Bryan [R-WI-1]WI
Republican:Rep. Fischbach, Michelle [R-MN-7]MN
Republican:Rep. Barr, Andy [R-KY-6]KY
Republican:Rep. De La Cruz, Monica [R-TX-15]TX
Republican:Rep. Stutzman, Marlin A. [R-IN-3]IN
Republican:Rep. Salazar, Maria Elvira [R-FL-27]FL
Republican:Rep. Huizenga, Bill [R-MI-4]MI
Democrat:Rep. Davis, Donald G. [D-NC-1]NC
Republican:Rep. Emmer, Tom [R-MN-6]MN
Democrat:Rep. Davids, Sharice [D-KS-3]KS

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Business recordsCorporate finance and managementLicensing and registrationsSmall business

Committees

Financial Services Committee
House · Standing
- Referred To24 Jan 2025
Banking, Housing, and Urban Affairs Committee
Senate · Standing
- Referred To11 Feb 2025

Cosponsor momentum

Cumulative over time

Track Protect Small Businesses from Excessive Paperwork Act of 2025 as it moves through Congress