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HR 736 - Protect Small Businesses from Excessive Paperwork Act - National Key Vote

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Title: Protect Small Businesses from Excessive Paperwork Act

Vote Smart's Synopsis:

Vote to pass a bill that extends the deadline for certain companies that are required to file beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN).

Highlights:

  • Extends the deadline for certain companies that are required to file beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN) (Sec. 2).

  • 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 (Sec. 2).

NOTE: THIS LEGISLATION NEEDED A TWO-THIRDS MAJORITY VOTE TO PASS

Full Bill Text

Title: Protect Small Businesses from Excessive Paperwork Act

Full Bill Text

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