S 505 · 119th CongressIn Committeecongress.gov ↗

‘Protect Small Businesses from Excessive Paperwork Act of 2025

What this bill does

AI plain-language summary

This bill gives certain companies more time to report information about their owners to a government agency called the Financial Crimes Enforcement Network (FinCEN). Companies that were created or registered before January 1, 2024, would now have until January 1, 2026, to submit this information, instead of the original deadline of January 1, 2025.

Introduced

February 11, 2025

Policy Area

Finance and Financial Sector

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