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CIVIC HERALD
HR 736 · 119th Congress · HouseIn committee

Protect Small Businesses from Excessive Paperwork Act of 2025

In plain language: This bill gives existing businesses more time to file mandatory ownership information with the federal government. Companies created before January 1, 2024, would have until January 1, 2026, to submit reports identifying who owns and controls them. This delay gives owners an additional year to comply with federal reporting rules without facing fines or legal penalties.

Provisional: our plain-language summary, pending review.

Provisionalunreviewed: impact, provisions, stakeholders, summary
People affected—Not determinable from the text provided, which references pre-existing reporting companies generally without specifying population figures.
Fiscal magnitude—Not determinable from the text provided; no appropriations, revenues, or fees are specified.
Reach28provisional · pending reviewrigor: heuristic llm
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Issues

What this bill touches.

Banking/financial rules−22Regulation (cross-sector)−22

The sign shows the bill's direction on each issue (+ toward, − away); the number is its magnitude. Color never encodes good or bad, and never party.

Who it affects

Who it helps · who it burdens.

Who it helps

  • Businesses formed before January 1, 2024 subject to beneficial ownership reportingReceives an extended deadline until January 1, 2026, to file their initial beneficial ownership information reports with the federal government under Sec. 2.provisional

Dollar-level funding (FEC sector totals) is coming in a later phase.

What it does

The provisions, in plain language.

  1. Extends the deadline to January 1, 2026, for businesses created before January 1, 2024, to submit their initial beneficial ownership information reports to the federal government.

    Sec. 2provisional

How your members of Congress line up

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Timeline

How it moved.

  1. Feb 11, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Feb 10, 2025Motion to reconsider laid on the table Agreed to without objection.
  3. Feb 10, 2025On 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)
  4. Feb 10, 2025Passed/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)
  5. Jan 24, 2025Introduced in House
  6. Jan 24, 2025Introduced in House

The original text

Read it for yourself.

Read the original text →

Sources & provenance

Congress.govrefreshed 9 days ago

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