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House Bill 736
119th Congress(2025-2026)
Protect Small Businesses from Excessive Paperwork Act of 2025
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Passed House on Feb 10, 2025
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H. R. 736 (Introduced-in-House)


119th CONGRESS
1st Session
H. R. 736


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.

IN THE HOUSE OF REPRESENTATIVES

January 24, 2025

Mr. Nunn of Iowa (for himself, Ms. Davids of Kansas, Mr. Emmer, and Mr. Davis of North Carolina) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

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,”.