What This Bill Does · Plain English
Summary · Congress.gov
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.
Vote Breakdown · How Congress voted on HR.736
House
408-0
PASSED
Independents
408 yea
0 nay
Action Timeline
2025-02-11
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-02-10
Motion to reconsider laid on the table Agreed to without objection.
2025-02-10
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)
2025-02-10
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)
2025-02-10
Considered as unfinished business. (consideration: CR H606)
2025-02-10
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.
2025-02-10
DEBATE - The House proceeded with forty minutes of debate on H.R. 736.
2025-02-10
Considered under suspension of the rules. (consideration: CR H599-601)
2025-02-10
Mr. Hill (AR) moved to suspend the rules and pass the bill.
2025-01-24
Referred to the House Committee on Financial Services.
Frequently Asked Questions
Did HR.736 pass?
HR.736 is still alive. Current stage: PASSED_ONE. Pass likelihood: 42%.
What does HR.736 do?
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.
Who sponsored HR.736?
HR.736 was sponsored by Zachary Nunn (R-Iowa).
Full Bill Text
119 HR 736 EH: Protect Small Businesses from Excessive Paperwork Act of 2025 U.S. House of Representatives text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 736 IN THE HOUSE OF REPRESENTATIVES AN ACT 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. 1. Short title This Act may be cited as the Protect Small Businesses from Excessive Paperwork Act of 2025 . 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, . Passed the House of Representatives February 10, 2025. Kevin F. McCumber, Clerk.
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